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STANFORD TELECOM TO REPORT STRONG FOURTH QUARTER BOOKINGS BUT REDUCED REVENUES AND EARNINGS

 STANFORD TELECOM TO REPORT STRONG FOURTH QUARTER BOOKINGS
 BUT REDUCED REVENUES AND EARNINGS
 SANTA CLARA, Calif., April 10 /PRNewswire/ -- Stanford Telecommunications Inc. (NASDAQ/NMS: STII) announced today that strong fourth quarter bookings will increase company funded backlog to over $60 million for the year ending March 31, 1992. Funded bookings received in excess of $40 million during the fourth quarter of fiscal year 1992 includes partial funding of $7.3 million from the U.S. Air Force to design, develop, fabricate, assemble and test of a Milstar Low Cost Terminal Processing Unit.
 As a result of decreasing backlog throughout most of fiscal year 1992, the company anticipates its revenues and earnings for the fourth quarter of fiscal year 1992 will be lower than the comparable results achieved during the fourth quarter of the previous fiscal year. During the fourth quarter many new and unanticipated business opportunities appeared for the company and the company aggressively decided to address those opportunities. Higher than expected Bid and Proposal activities during the fourth quarter negatively effected the company's fourth quarter profitability. For the entire fiscal year, ended March 31, 1992, the company anticipates a revenue decrease of approximately 5 to 10 percent from that achieved during fiscal year 1991. Fiscal year 1992 net income is expected to decrease approximately 15 to 20 percent from that posted for fiscal year 1991.
 Stanford Telecom designs, develops and manufactures electronic and computer components and systems for satellite and terrestrial based communications equipment for the U.S. government, commercial and international markets. Stanford Telecom also designs and sells specialized computer chips specifically designed for the telecommunications and wireless personal communications marketplaces.
 -0- 4/10/92
 /CONTACT: Gary Wolf of Stanford Telecommunications Inc., 408-980-5628/
 (STII) CO: Stanford Telecommunications Inc. ST: California IN: TLS SU: ERN


MM -- SJOO1 -- 7073 04/10/92 09:01 EDT
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Publication:PR Newswire
Date:Apr 10, 1992
Words:305
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