
For Immediate Release - April 23, 1998
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SUNNYVALE, CALIFORNIA - CALIFORNIA MICROWAVE, INC. (Nasdaq National Market:CMIC) announced today a series of strategic and operational initiatives that are designed to provide greater focus, direction and growth for the company. After an extensive review of California Microwave's operations, Chief Executive Officer Frederick D. Lawrence stated, "We have carefully defined our field of play: wireless broadband access products and solutions for commercial, satellite and wireless business markets. Our strategies and resources are focused on improving our existing leadership positions in these markets, and developing additional growth segments within them. This focus places us in markets that are growing at rates greater than 20%, which is our growth goal for the company. We have moved decisively away from the holding-company approach that historically characterized the company, and are now managing California Microwave as a focused, integrated, operating business."
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Stephanie M. Day Vice President Corporate Communications (408) 743-3429 sday@califmicro.com |
Investor Information Line: (Toll-free) 1-888-225-6789 http://www.calmike.com. |
Deborah Passik William Dunk Partners, Inc. (919) 929-4100 |
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