| Business Summary | | Electro
Rent
Corporation
primarily
engages
in
the
rental,
lease
and
sale
of
state-of-the-art
electronic
equipment.
About
51%
of
the
Company's
equipment
portfolio
at
acquisition
cost
is
composed
of
general-purpose
test
and
measurement
instruments
purchased
from
leading
manufacturers
such
as
Agilent
Technologies
and
Tektronix.
The
remainder
comprises
personal
computers
and
workstations.
Personal
computer
lines
include
those
from
Compaq,
Dell,
IBM,
Apple,
and
Toshiba,
while
workstations
are
purchased
primarily
from
Sun
Microsystems
and
Hewlett
Packard.
A
large
part
of
its
equipment
portfolio
is
rented
or
leased
to
Fortune
500
companies
in
the
aerospace,
defense,
electronics
and
telecommunications
industries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Electro
Rent
Corporation
primarily
engages
in
rental
lease
and
sale
of
state-of-the-art
electronic
equipment.
ELRC
rents
general
purpose
test
and
measurement
instruments
and
personal
computers
and
workstations.
For
the
fiscal
year
ended
5/31/01,
revenues
fell
13%
to
$211.2
million.
Earnings
rose
24%
to
$30.7
million.
Revenues
reflect
attrition
of
the
TMS
business
and
a
weak
PC
market.
Net
income
reflects
lower
depreciation
charges
and
repayment
of
all
bank
borrowings. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Daniel Greenberg, 59 Chairman,
CEO | $785K | -- | William Weitzman, 61 Pres,
COO, Director | 696K | $423K | Gary Phillips, 48 Sr.
VP | 411K | 410K | Craig Jones, 54 VP,
CFO | 202K | -- | Peter Shapiro, 56 VP-
HR | -- | -- | Dollar
amounts are as of 31-May-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|