Bel Fuse Inc. Responds to Inaccurate Dow Jones News Story.JERSEY CITY, N.J.--(BUSINESS WIRE)--March 4, 1999--Noting that revenue for the first two months of 1999 is 45 percent ahead of revenue for the same period last year, and that the company recently reported a 72 percent increase in net income for 1998 to $15.2 million, or $2.89 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, on a 23 percent increase in revenue to a record $90.8 million, Bel Fuse Inc. (Nasdaq:BELFA) (Nasdaq:BELFB) President and Chief Executive Officer Daniel Daniel, book of the Bible Daniel, book of the Bible. It combines "court" tales, perhaps originating from the 6th cent. B.C., and a series of apocalyptic visions arising from the time of the Maccabean emergency (167–164 B.C. Bernstein said that the company is not aware of any decline in demand for its products. Bernstein's comments are in response to an inaccurate story carried by the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News Wire Wednesday that incorrectly attributed statements to him. Bel and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , high speed data transmission, automotive and consumer electronics. The company operates facilities around the world. The statements contained in this release which are not historical facts may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Actual results could differ materially from those projected in such statements due to a number of risks and uncertainties, including, without limitation, demand and competition for the company's products, and other risks or uncertainties detailed in the company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 1997, as filed with the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion