COMSAT Corporation; JEFA
Wireless Systems ST: Florida, Texas, Alabama IN: TLS SU: TNM PER
Some of the statements in this news release, particularly those on the sale of COMSAT RSI and JEFA Wireless Systems, are forward looking and relate to anticipated future operating results.
It is the corporation's objective to sell CRSI and dispose of JEFA Wireless Systems by the end of 1997.
The primary causes for the increase were the consolidation of revenues from JEFA
Wireless Systems, purchased in September 1995 to participate in the build-out of the domestic wireless and intelligent transportation markets, improvements from the Commercial Satellite Communications Initiative (CSCI) contract with the U.
About half the revenue increase came from two new wireless businesses acquired last year, Plexsys and JEFA
, although there were gains throughout the division.
To build out its capabilities in the wireless market, COMSAT RSI acquired two companies in the second half of last year -- Plexsys Wireless Systems, which provides low-cost cellular switches in emerging markets and JEFA
Wireless Systems, which provides engineering services for both wireless and ground networks.
12 /PRNewswire/ -- COMSAT RSI JEFA
Wireless Systems will relocate from Plano to McKinney, Texas, to accommodate the company's rapid growth, JEFA
General Manager and founder John Farar announced today.
5 /PRNewswire/ -- COMSAT Corporation (NYSE: CQ) announced that its COMSAT RSI business unit has acquired privately owned JEFA