Comtech Telecommunications Corp. Named To Deloitte & Touche Long Island Technology Fast 50 Award.Business & Technology Editors MELVILLE, N.Y.--(BUSINESS WIRE)--Oct. 3, 2000 Comtech Telecommunications Corp. (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 :CMTL CMTL Chief Military Training Leader CMTL Center for Mathematics, Teaching and Learning ) today announced that it has been named to the 2000 Long Island Technology Fast 50 by Deloitte & Touche. Now in its fourth year on Long Island, the Technology Fast 50 program recognizes and celebrates the region's 50 fastest growing technology companies based on the percentage growth in revenues over a five year period (1995-1999). Comtech's increase in revenue of 130.2% for the period placed it above the median with a 22nd ranking overall. Fred Kornberg, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said "We are very pleased to have achieved this recognition for the second straight year. Our telecommunications segment has accounted for much of our growth, and with our recent acquisition of EFData, we anticipate this segment's momentum to continue." Kornberg continued, "We believe strong growth will also come from our mobile datacom segment, which develops technology to track and communicate with mobile units. In short, I am thrilled about the future of Comtech." For more information on the Deloitte & Touche Fast 50 program, visit www.Fast50.com. Comtech Telecommunications Corp. is an innovative player in domestic and global high-technology markets. Through its operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Comtech pursues opportunities in three interrelated in·ter·re·late tr. & intr.v. in·ter·re·lat·ed, in·ter·re·lat·ing, in·ter·re·lates To place in or come into mutual relationship. in market segments: telecommunications transmission, RF microwave amplifiers, and mobile data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. services. In each of these segments, growth is driven by increasing demand for telecommunications infrastructure and network and messaging services. The company's specialties include the design and manufacture of advanced products and networks used for transmission of voice, data and video using satellite, over the horizon microwave, terrestrial line of sight and other 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. systems. More than 275 distinct Comtech products are in service in more than 100 countries. Certain of the statements contained herein, including, but not limited to, information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future performance and financial condition of the Company, the plans and objectives of the Company's management, and the Company's assumptions regarding such performance and plans are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. Included among the factors which might cause such results to differ are: the Company's ability to keep pace with rapid technological changes; our backlog being subject to customer cancellation or modification; our sales to the U.S. Government being subject to funding, deployment and other risks; our fixed price contracts being subject to risk; the highly competitive nature of our markets; our dependence on component availability, subcontractor availability and performance by key suppliers; our dependence on international sales; our mobile data communications business being in a developmental stage. Additionally, these 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. are qualified in their entirety by the cautionary statements contained in the Company's Securities and Exchange Commission filings. |
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