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M~Wave inks supply contract with Westell

Posted: 04 Jan 2002 ?? ?Print Version ?Bookmark and Share

Keywords:m~wave? pcb? westell technologies?

M~Wave Inc., a provider of circuit boards, has signed a supply management contract with Westell Technologies Inc., a broadband access solutions company. Westell expects to purchase up to $10 million worth of PCBs this year from M~Wave.

M~Wave anticipates $55 million revenue in 2001 with $57 million in 2000. Gross margins are expected to be between 18 percent and 20 percent and pre-tax income to be between 11 percent and 13 percent of total revenues. Joseph A. Turek, chairman and CEO of M~Wave, said, "We hope to reach our goal of $100 million annual revenue within the next two years."

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