Excel Technology completes Cambridge Technology acquisition.HAUPPAUGE Hauppauge can refer to:
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 :XLTC) announced today that it has completed the acquisition of Cambridge Technology Inc., of Watertown, Mass. Cambridge is a technology leader in the growing field of laser scanners --an essential component to move the laser beam which have been important industrial and consumer applications. The purchase price was $4.75 million consisting of mostly cash plus additional amount based on future performance. Dr. Rama Rao, chairman/CEO of Excel A full-featured spreadsheet for Windows and the Macintosh from Microsoft. It can link many spreadsheets for consolidation and provides a wide variety of business graphics and charts for creating presentation materials. stated, "This acquisition will allow us to expand into new consumer markets as well as enhance our present market position in the industrial business. Cambridge has been profitable almost since its inception, and has demonstrated impressive growth both in revenues and profits. We expect that the addition of Cambridge will improve overall corporate gross margins and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. in 1995 and beyond. Their contribution to Excel's earnings per share should be visible beginning in the current quarter." Rao concluded, "Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Rohr, Cambridge Founder/President, and his management team have done a superb job in building this company. I am delighted that Bruce will remain as Cambridge's President." Excel and its wholly-owned subsidiaries develop, manufacture and market laser systems for science, industry and medicine. CONTACT: J. Donald Hill Chief Financial Officer 516/273-6900 or George Strauss George Russell Strauss, Baron Strauss PC (18 July 1901 - 5 June 1993) was a long-serving British Labour Party politician, who was a Member of Parliament (MP) for 47 years and was Father of the House of Commons from 1974 to 1979. Strauss was educated at Rugby School. MWW/Strategic Communications 201/507-9500 |
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