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Reuters NewsContinental Circuits to acquire Sigma ------------------------------------------------------------------------ PHOENIX, Sept 30 (Reuter) - Continental Circuits Corp and Sigma Circuits said Monday they signed an agreement for Continental Circuits will acquire all the outstanding shares of Sigma Circuits in exchange for Continental Circuits stock. Under the terms of the deal, Sigma shareholders would receive 0.70 shares of Continental Circuits stock for each share of Sigma stock, the companies said. Subject to the execution of a definitive agreement and regulatory and shareholder approval, the deal is expected to be completed by early 1997. Sigma Circuits manufactures electronic interconnect products including multilayer printed circuit boards (PCBs), backplane assemblies and flexible circuits. Continental Circuits manufactures of complex, multilayer circuit boards. For the fiscal year ended June 30, Sigma reported revenues of $87.7 million, while Continental reported revenues of $108.3 million for its fiscal year ended July 31. -- New York Newsdesk 212-859-1610 REUTER
Sales were up 17% vs. year ago, $18.8 mil vs. $16.1 mil.
Backplane and flex circuit sales were up 94%. There was also
improvement in comparisons to 4Q numbers. SG&A improved by $400K.
Current assets are up, current liabilities down. Same for total
assets vs. total liabilities. I don't see any problems that an
increase in capacity utilization won't cure. And you haven't cited
any. How can you call a quarter "bad" when there is a loss in net
income but an increase in the value of the company? You seem to see
internal problems at SIGA. I'd like to know what they are. Please
list them so we can call the company and check up on the problems.
does anyone have any idea where this company is heading? I can't seem to get any good up to date info on the merger plans and why the stock swap was for percent of shares as opposed to price of shares.
is there any new news on this company. i am still holding, but beginning to wonder. i keep hearing that a buyout might be in the air, but the current man. squashes it unless it is in their own per interest.
$3.75 tried to warn you guys!!! This company under its current management has made and will continue to make bad decisions. They have lost many good talented people over the last year because of their lack of leadership and direction. The only thing that could save this company now is a change of ownership and leadership.....