Key Developments For Tessco Technologies Inc
Tessco Technologies Inc (TESS.O) (Consolidated Issue listed on NASDAQ Global Market)
TESSCO Technologies Inc. Raises FY 2010 EPS Outlook; Announces Quarterly Dividend
TESSCO Technologies Inc. increased fiscal 2010 earnings guidance to a range of $1.45 to $1.70 per share. The previous guidance was a range of $1.15 to $1.40 per share. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share (EPS) of $1.31 for fiscal 2010. The Company announced that it will continue its quarterly dividend program with a $0.10 per common share cash dividend payable on November 25, 2009, to holders of record on November 11, 2009.
TESSCO Technologies Inc. And Vodafone Group Plc's And Verizon Communications Inc.'s Verizon Wireless to Jointly Market Wireless Products and Solutions
TESSCO Technologies Inc. and Verizon Wireless, a joint venture of Vodafone Group Plc and Verizon Communications, announced that the companies will jointly market integrated solutions for machine-to-machine (M2M) applications. This new joint marketing agreement between TESSCO and Verizon Wireless will allow the utility and transportation verticals to leverage TESSCO`s integrated solutions on 3G wireless network.
TESSCO Technologies Inc. And Sixnet, LLC Announces Distribution Alliance
TESSCO Technologies Inc. and Sixnet, LLC announced that Sixnet`s products and solutions are now available through TESSCO. TESSCO`s customers can take advantage of solutions for industrial remote monitoring and control systems; wireless, cellular modems designed to provide simple and reliable communication and to enable M2M intelligent wireless data solutions; as well as a comprehensive portfolio of industrial Ethernet switches that connect to any Ethernet device and provide the reliability and other important, critical features.
TESSCO Technologies Inc. Announces First-Ever Quarterly Cash Dividend
TESSCO Technologies Inc. announced that its Board of Directors determined to commence a dividend program with an initial quarterly cash dividend of $0.10 per share of its common stock payable on August 26, 2009, to holders of record on August 12, 2009. Any future declaration of dividends, and the establishment of record and payment dates, is subject to further determinations of TESSCO`s Board of Directors.
Trapeze Networks and TESSCO Technologies Inc. Announces Distribution Alliance
Trapeze Networks and TESSCO Technologies Inc. announced that Trapeze's WLAN products and solutions will now be available through TESSCO's distribution channels.
