SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Aavid Thermal Technologies (AATT)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: W Shakespeare who wrote (150)7/22/1998 2:41:00 PM
From: Jeff Mulder  Read Replies (2) of 185
 
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."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext