Tuesday, July 31, 2007

Stratos moves to profit, ups outlook ahead of sale

(Reuters) - Stratos, which provides telecom services to customers in
remote parts of the world, said it earned $6.6 million, or 16
cents per share, in the three months ended June 30. That was up
from the loss of $4.1 million, or 10 cents per share, in the
second quarter of last year.




Stratos is being bought by CIP, an investment firm focused
on satellite services, for C$294 million .
Shareholders overwhelmingly approved the deal last month.


Read more at Reuters.com Mergers News

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