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RAMTEK CORP. ANNOUNCES A ONE-TIME RESTRUCTURING CHARGE AND AN INVENTORY WRITE-OFF FOR ITS THREE MONTHS ENDED DEC. 31, 1991

 RAMTEK CORP. ANNOUNCES A ONE-TIME RESTRUCTURING CHARGE AND


AN INVENTORY WRITE-OFF FOR ITS THREE MONTHS ENDED DEC. 31, 1991
 SAN JOSE, Calif., Jan. 13 /PRNewswire/ -- Ramtek Corp. (NASDAQ: RMTK) today announced that it expects to record a loss for the fiscal quarter ended Dec. 31, 1991, due primarily to a restructuring charge associated with a product introduced in 1990 for which the company experienced disappointing customer interest and the write-off of excess inventories associated with certain of its products. Over the last several months orders for these products have been less than anticipated, which the company attributes to the combined effects of several factors, including a major customer's decision not to purchase certain products, accelerated reductions in defense spending and continuing recessionary pressures. As a consequence, the company has determined that is has excess inventory for those products and has provided a reserve for the anticipated exposure. The charge related to the restructuring and an additional inventory reserve will approximate $1.8 million.
 Ramtek also announced that Jim Swanson, president and CEO, has resigned to pursue other interests. Bill Finley, Ramtek's chief financial officer, has been elected president and CEO to replace Swanson.
 Ramtek Corp., headquartered in San Jose, designs and manufactures image processing systems and graphics display systems for markets such as remote sensing, reconnaissance and surveillance, natural resource management, environmental studies, geographical sciences, command and control, forensic science and medical imaging.
 -0- 1/13/92
 /CONTACT: Bill R. Finley of Ramtek, 408-954-2700/
 (RMTK) CO: Ramtek ST: California IN: CPR SU: RCN


RM -- SJ010 -- 9235 01/13/92 16:46 EST
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Publication:PR Newswire
Date:Jan 13, 1992
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