|To: Sector Investor who wrote (1453)||10/9/2002 10:59:54 AM|
|From: Robert G. Harrell|| Respond to of 7014|
|Hi Sector. The patent is great news.|
We now know who is providing the antennas for JetBlue's planes.
Story Url: finance.lycos.com
EMS Technologies Gets $9 M Pact Increase From LiveTV
7 Oct 2002, 12:31pm ET
- - - - -
ATLANTA -(Dow Jones)- EMS Technologies Inc. (ELMG) received a $9.1 million contract increase to provide additional Direct Broadcast Satellite antenna systems to JetBlue Airways Corp.'s (JBLU) LiveTV.
In a press release Monday, EMS said it will continue to provide antenna production and warranty service for LiveTV, which provides entertainment on commercial aircraft.
A company representative wasn't immediately available to say how long EMS has been providing its antennas for LiveTV or the value of the original contract.
Earlier Monday, EMS said it expects third-quarter earnings of 18 cents to 21 cents a share on revenue of $75 million to $75 million, consistent with its earlier guidance and ahead of analysts' views of 15 cents a share.
The company, which had 2001 revenue of $291.1 million, had lowered its views on Sept. 30, saying that large orders weren't received.
Shares of EMS recently traded at $12.65, down 55 cents, or 4.2%, on Nasdaq market composite volume of 44,500 shares. Average daily volume is 83,510 shares.
-Kara Wetzel; Dow Jones Newswires; 201-938-5388
(This story was originally published by Dow Jones Newswires)