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  • Subject: Andrew going out of business?
  • From: jdraper@xxxxxxx (Jerry Draper)
  • Date: Fri, 18 Jul 1997 11:10:17 -0700 (PDT)

FYI, anybody heard this?

In an Andrew press release dated July 16, 1997, Dr. Floyd L. English,
chairman, president, and chief executive officer, said, "We also made the
difficult decision to exit certain businesses whose performance has not met
our revenue growth and profitability expectations. We are discontinuing the
network products business, which resulted in a $17.2 million or $.19 per
share charge in the June quarter."

Regards, Jerry


Jerry Draper, Trilobyte Software Systems, since 1976
Specializing in connecting PC's, Windows, MAC's, and LAN's to the AS/400
Representing Synapse, Apple, IBM, UDS, Andrew, MI, DCI, Netsoft, etc.
(415) 457-3431; (415) 258-1658fax; jdraper@wco.com

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