| Business Summary | | MATEC
Corporation's
current
business
is
conducted
through
its
Valpey-Fisher
Corporation
(Valpey)
subsidiary.
Valpey
is
involved
in
the
design,
production,
import
and
sale
of
frequency
control
devices
and
ultrasonic
transducer
devices.
The
frequency
control
devices
include
quartz
crystals
and
oscillators
incorporating
these
crystals
and
are
used
as
integral
components
in
electronic
circuitry
to
assure
precise
timing
and
frequency
reference.
Except
for
more
costly
atomic
standards,
quartz
crystals
and
oscillators
continue
to
be
one
of
the
most
stable
references
to
accurately
control
electronic
frequencies
and
time. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MXC
is
involved
in
the
design,
production,
import,
and
sale
of
quartz
crystals
and
oscillators.
MXC
also
designs
and
manufactures
ultrasonic
transducers
and
offers
a
wide
variety
of
piezoelectric
and
high
precision
optical
components.
For
the
six
months
ended
7/1/01,
net
sales
rose
2%
to
$11.9
million.
Net
income
from
continuing
operations
fell
59%
to
$671
thousand.
Results
reflect
increased
demand,
offset
by
the
absence
of
$1.1
million
in
gains
on
the
sale
of
an
investment. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ted Valpey, Jr., 68 Chairman,
Pres, CEO | $217K | Michael Deery, 55 Pres
and COO- Valpey Fisher Corp. | 238K | Michael Kroll, 52 VP
and Treasurer | 189K | John McArdle, III, 51 Sec. | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|