| Business Summary | | Symmetricom,
Inc.
designs,
manufactures
and
markets
network
synchronization
and
timing
products
and
intelligent
access
systems
for
the
global
communications
marketplace.
The
Company's
time
and
frequency
products
control
the
flow
of
information
(voice,
video
or
data)
in
telecommunication
networks.
The
Company's
products
are
installed
in
wireline
and
wireless
networks
in
more
than
60
countries.
The
Company
also
supplies
intelligent
network
access
systems
to
global
network
service
providers.
In
June
2000,
the
Company
formed
the
AccessMax
division,
a
business
unit
focused
on
developing
solutions
that
maximize
bandwidth
and
services
in
the
network
access
market.
Symmetricom's
customers
include
public
network
providers,
Incumbent
Local
Exchange
Carriers,
Post
Telephone
and
Telegraph
companies,
Competitive
Local
Exchange
Carriers,
other
telephone
companies,
wireless
service
providers,
cable
television
operators,
Internet
Service
Providers
and
communications
original
equipment
manufacturers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SYMM
designs,
manufactures
and
markets
advanced
network
synchronization
and
timing
products
and
intelligent
access
systems
for
global
telecommunications
markets.
For
the
fiscal
year
ended
6/30/01,
net
sales
rose
42%
to
$152.7
million.
Net
income
from
continuing
operations
rose
from
$5
million
to
$28.8
million.
Revenues
reflect
increased
sales
of
Sync
products
and
expanding
sales
to
existing
customers.
Earnings
also
benefitted
from
increased
gross
margins
and
$11.3
million
gains
on
investments. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Richard Oliver, 54 Chairman | -- | -- | Thomas Steipp, 52 Pres,
CEO, Director | $769K | -- | William Slater, 49 CFO,
Sec. | -- | -- | Frederick Stroupe, 57 Exec.
VP and Gen. Mang. of Sync and Timing Solutions Division | 284K | -- | Dale Pelletier, 50 Sr.
VP of Operations | 308K | $165K | Dollar
amounts are as of 30-June-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
|
|