Applied Cellular Technology estimates 5 cent-per-share contribution to earnings from recently acquired East Coast computer parts distributor.NIXA, Mo.--(BUSINESS WIRE)--Nov. 26, 1996--Applied Cellular Technology Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACTC ACTC Apple Certified Technical Coordinator ACTC Almaden Cycle Touring Club ACTC Associated Colleges of the Twin Cities ACTC All Ceylon Tamil Congress (Sri Lanka) ACTC Association Canadienne de Télévision par Câble ) management today estimated that its recent 80 percent acquisition of Universal Commodities Corp. will add an additional 5 cents to earnings per share in 1997. Universal Commodities Corp. is a multi-faceted computer parts supplier, recycler and third-party support vendor for companies such as IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Comdisco, and Aurora Electronics. Universal's businesses concentrate on the "after market" segment of the peripheral and mainframe supply markets in addition to third- party service support distribution of new and refurbished computer equipment. Recycling of precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. and housing materials also play an important role in this company's continual earnings growth story. Richard J. Sullivan, chairman and chief executive officer of Applied Cellular Technology, stated: "We estimate that Universal Commodities will contribute approximately $6 million to revenues and operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before of $640,000 in 1997, reflecting a 5 cent-per- share increase in 1997 earnings. This acquisition will create additional earnings growth capabilities in our other company subsidiaries as well as extend the capability to expand into much larger markets and achieve stronger operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: ." Applied Cellular Technology Inc. is a diversified computer software and cellular communications service company specializing in RF wireless data and voice communication technologies. CONTACT: REOVEST Inc., Golden, Colo. Bob Oberndorf, 303/642-0073 |
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