-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q5lODdw7l4f0LEwNrdvkD6GO+yhTJ6lxKTccsAV/41WgzBSWJx+Y8NMPcAbhYYjE OyFF+Xb8D1z2HzVDWVXfaw== 0000906344-97-000080.txt : 19970624 0000906344-97-000080.hdr.sgml : 19970624 ACCESSION NUMBER: 0000906344-97-000080 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970603 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970623 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CALIFORNIA MICROWAVE INC CENTRAL INDEX KEY: 0000016357 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 941668412 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07428 FILM NUMBER: 97628158 BUSINESS ADDRESS: STREET 1: 985 ALMANOR AVE CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 4087324000 MAIL ADDRESS: STREET 1: 985 ALMANOR AVENUE CITY: SUNNYVALE STATE: CA ZIP: 94086 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 June 3, 1997 Date of Report (Date of earliest event reported) CALIFORNIA MICROWAVE, INC. (Exact name of registrant as specified in its charter) Delaware 0-7428 94-1668412 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 555 Twin Dolphin Drive, Redwood City, California 94065 (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code): 415/596-9000 -1- Item 5. Other Events. On June 3, 1997, California Microwave, Inc. (the "Company") issued the press release attached as Exhibit 99.1 hereto announcing that after a comprehensive business review the Company had decided to sell its Satellite Transmission Systems and Microwave Networks business units and keep its satellite modem and other wireless radio divisions. Item 7. Financial Statements and Exhibits. (c) Exhibits 99.1 Press Release of California Microwave, Inc. dated June 3, 1997. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CALIFORNIA MICROWAVE, INC. (Registrant) By: /s/ GEORGE L. SPILLANE ______________________________ Name: George L. Spillane Title: Vice President, Chief Financial Officer Dated: June 20, 1997 -2- EXHIBIT INDEX Exhibit No. Description of Exhibit 99.1 Press Release of California Microwave, Inc. dated June 3, 1997 -3- EX-99.1 2 PRESS RELEASE OF CALIFORNIA MICROWAVE California Microwave, Inc. 555 Twin Dolphin Drive Redwood City, CA 94065 USA (415) 596-9000 Fax: (415) 596-6600 ___________________________________ PRESS RELEASE FOR IMMEDIATE RELEASE June 3, 1997 For Further Information Contact: Stephanie M. Day Investor Information Line: Deborah Passik Vice President- (Toll-free) William Dunk Corporate 1-888-225-6789 Partners, Inc. Communications http://www.calmike.com (919) 929-4100 (415) 596-6629 CALIFORNIA MICROWAVE SHARPENS FOCUS; TO DIVEST TWO OF EIGHT DIVISIONS REDWOOD CITY, CALIFORNIA - CALIFORNIA MICROWAVE, INC. (Nasdaq National Market:CMIC) announced today that after a comprehensive business review by management and outside advisors, the company has decided to focus its resources on its six business units which have a leading market position in the markets they address. Consequently, the company intends to sell its Satellite Transmission Systems (STS) and Microwave Networks (MN) business units and keep its satellite modem and other wireless radio divisions. J. P. Morgan was retained to aid in the comprehensive business review and now has been engaged to handle the divestiture. Leadership Positions in Wireless Radio-based Data Communications California Microwave indicated that an important strategic consideration in its decision is to focus on maintaining and expanding the company's leading market positions in its satellite, terrestrial data radio and other wireless product businesses. According to market research studies, requirements for data telecommunications bandwidth will increase significantly over the next three years, and by the year 2005 data is expected to account for a major portion of traffic on the public communications network. Forces driving the need for expanded bandwidth for data include Internet access, enterprise-wide business solutions and digital TV. California Microwave's satellite and terrestrial data radio products address these applications. Satellite Transmission Systems, located in Hauppauge, NY, is a turnkey supplier of satellite communications earth stations and -1- networks. It provides systems engineering and integration capabilities. Microwave Networks, with facilities in Stafford, TX, and in Chelmsford, MA, designs and manufactures microwave radio systems for cellular, personal communications services and public and private communications networks. The six business units being retained by the Company - EFData, Microwave Data Systems, Microwave Radio Communications, Airborne Systems Integration Division, Government Electronics Division and Services Division - participate in point-to-point and point-to- multipoint data transmission markets. California Microwave, Inc. is a leading U.S. supplier of satellite earth station and microwave radio products, installed in more than 110 countries. # # # -2- -----END PRIVACY-ENHANCED MESSAGE-----