Everyone remember this press release? It's only 7 weeks old:|
Aavid Thermal Technologies Sees Performance On-track; Company Expects To Outpace Electronic Industry Performance
Business Wire - June 02, 1998 15:13
CONCORD, N.H.--(BUSINESS WIRE)--June 2, 1998--Aavid Thermal Technologies, Inc. (Nasdaq:AATT) management stated today that its business remains strong and on track with expectations. Ronald F. Borelli, Chairman and Chief Executive Officer, stated, "The recent weakness in our stock, including the substantial decline on Monday June 1, 1998 has no direct correlation with the business conditions the Company is experiencing. The growing need for heat dissipation in a broad array of computer and communications components and systems is creating new opportunities and growing demand for our products."
Borelli continued, "In our most recent quarter, ended March 31 1998, our revenues grew 62% and our EPS increased 59%, both well in excess of the
electronic industry in general. We expect to significantly outpace the industry's performance again this quarter."