| Business Summary | | REMEC,
Inc.
is
a
designer
and
manufacturer
of
high
frequency
subsystems
used
in
the
transmission
of
voice,
video
and
data
traffic
over
wireless
communications
networks.
The
Company
also
develops
and
manufactures
highly
sophisticated
wireless
communications
equipment
used
in
the
defense
industry,
including
communications
equipment
integrated
into
tactical
aircraft,
satellites,
missile
systems
and
smart
weapons.
The
Company
manufactures
products
that
operate
at
the
full
range
of
frequencies
currently
used
in
wireless
communications
transmission,
including
at
radio
frequencies
(RF)
microwave
frequencies
and
millimeter
wave
frequencies.
By
offering
products
that
cover
the
entire
frequency
spectrum
for
wireless
communications,
the
Company
is
able
to
address
opportunities
in
the
worldwide
mobile
wireless
communications
market
as
well
as
the
global
fixed
access
broadband
wireless
market. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | REMEC,
Inc.
is
engaged
in
the
design
and
manufacture
of
high
frequency
subsystems
used
in
the
transmission
of
voice,
video
and
data
traffic
over
wireless
communications
networks.
For
the
three
months
ended
4/27/01,
revenues
rose
4%
to
$58.9
million.
Net
loss
totaled
$9.2
million,
vs.
an
income
of
$1.4
million.
Revenues
reflect
growth
in
the
Defense
Products
Group.
Net
loss
reflects
a
$9.4
million
write
down
of
investment
in
Allgon
AB
common
stock. Recent Earnings Announcement For
the
13
weeks
ended
07/27/2001,
revenues
were
60,391;
after
tax
earnings
were
-6,255. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Ronald Ragland, 58 Chairman,
CEO | $388K | -- | Errol Ekaireb, 61 Pres,
COO | 703K | $375K | David Morash CFO, Exec. VP | -- | -- | Jack Giles, 58 Exec.
VP, Director and Pres Defense Group | 806K | 524K | Nicholas Randall, 48 Exec.
VP of Bus. Devel., Director | -- | -- | Dollar
amounts are as of 31-Jan-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
|
|