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
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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
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
99.1 Press Release of California
Microwave, Inc. dated June 3, 1997
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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
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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.
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