Monday, July 30, 2007

UPDATE 1-Andrew Corp posts quarterly loss

(Reuters) - Andrew said its second-quarter net loss was $96 million, or
61 cents per share, compared to a net profit of $7 million, or
4 cents per share, a year ago. Revenue fell 1 percent to $546
million.




The company recorded 72 cents of unusual items, including
69 cents per share of goodwill impairment for its unprofitable
Base Station Subsystems unit, which makes stations for
directing cell phone traffic.


Read more at Reuters.com Mergers News

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