California Microwave Expects Loss for Current Quarter.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Sept. 23, 1996--CALIFORNIA MICROWAVE, Inc. (Nasdaq: CMIC CMIC CPU Management Interface Controller CMIC Caucasus Media Investigations Center (Baku, Azerbaijan) CMIC Combined Military Interrogation Center (Vietnam) CMIC Configuration Management Information Center ) announced today that it expects to post a loss in the vicinity of $.15 for its fiscal year 1997 first quarter ending Sept. 30, 1996. Factors contributing to the expected results for the quarter include lower than planned levels of bookings and sales, the delay of certain large satellite communications orders that may not be shipped this quarter, and product pricing pressures. California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Microwave said that it expects new orders booked for the quarter to meet or exceed the $91 million the company reported last quarter. While orders in the satellite communications area are weak this quarter, orders for wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. products are improving. The results to be reported to be spoken of; to be mentioned, whether favorably or unfavorably. See also: Report on Oct. 16 are primarily dependent upon the actual amount of sales to be achieved for the quarter and upon the mix of those sales. Statements made in this press release that are not historical facts, including any statements about expectations for the first quarter of fiscal year 1997, involve certain risks and uncertainties. Factors that could cause the company's actual results to differ materially from management's projections, estimates and expectations include, but are not limited to, delays in the receipt of orders or in the shipment of products, delays in integration of operations of acquired businesses and the other factors referred to in the company's Securities and Exchange Commission filings, including the S-4 registration statement of the company that became effective May 5, 1995. California Microwave, Inc. is a leader in wireless and satellite communications. It is the number one U.S. supplier of microwave radios and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. satellite earth stations used in wireless communications. The Company operates facilities in seven states and sells into more than 110 countries. Its strategy calls for significant expansion in the wireless area. For further information about California Microwave, its markets and products, please visit us at our new Web site: http://www.calmike.com. CONTACT: California Microwave, Inc. Stephanie M. Day, 415/596-6629 (Corporate Commun.) or Investor Information Line (Toll-free), 888/225-6789 or William William, crown prince of Germany William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack Dunk Partners, Inc. Deborah Passik, 214/960-9611 |
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