logo

For Immediate Release - April 23, 1998


CALIFORNIA MICROWAVE ANNOUNCES
STRATEGIC REPOSITIONING PLAN FOR GROWTH

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."

Five Elements Key to Strategy
Refocused Growth Business
Organization Reshaped to Execute Strategy
Microwave Radio Divisions Merged
Dedicated International Division Formed
Shared Services Group Created
Corporate Leadership Enhanced
International Channels Expanded
Operational Excellence Initiative Focused on Major Cost Reduction
Acquisitions and Technology Licensing Program
Other Actions Support the Strategy and Create Shareholder Value
Monitoring and Control
Picking Up the Pace


For more information, contact:
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

CONTACT US WHAT'S NEW? ABOUT THE COMPANY LOCATIONS NEWS RELEASES
PRODUCTS APPLICATIONS INVESTOR RELATIONS TRADE SHOWS & EVENTS

©1996-1998 California Microwave, Inc. All rights reserved  webmaster@calmike.com

CalMike