Business
Trading Statement
Trading Statement.
About this update from Filtronic Plc
[{"type":"text","content":"\n RNS Number : 8356Z Filtronic PLC 20 January 2011 \n \n\n \n\nFiltronic plc (\"Filtronic\")\n \nTrading Update\n \nFiltronic plc (\"the Company\") notes last night's announcement by Nasdaq quoted Ceragon Networks Ltd. (\"Ceragon\") that it has acquired Nera Networks AS (\"Nera\") from Eltek ASA.\n \nNera has been a key customer of Filtronic's point-to-point (\"PTP\") business for several years. \n \nWhilst it is too early to know what effect this latest round of industry consolidation will have on Nera's future business with Filtronic, the Company notes that Ceragon is a vertically-integrated producer of PTP systems and as such may choose over time to substitute its own products for some of those currently produced by Nera or supplied by Filtronic to Nera.\n \nThe Board is in dialogue with Nera seeking to clarify likely order patterns for the future, but believes it prudent to plan for various scenarios including a potentially significant reduction in PTP sales to this customer.\n \nFurther updates will be announced as appropriate.\n \nThe Company intends to announce its interim results for the six months ended November 30th 2010 on January 31st. Meanwhile, Filtronic reports that, two months after the completion of the acquisition of Isotek, integration of the newly acquired business is progressing ahead of plan and customer orders and opportunities for the base station business are encouraging.\n \nEnquiries\n \n\n\n\n\nFiltronic plc\n\n\n01325 301111\n\n\n\n\nHoward Ford, Chairman\n\n\n\n\n\n\n\nHemant Mardia, CEO\n\n\n\n\n\n\n\nMike Brennan, CFO\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPanmure Gordon (UK) Limited\n\n\n020 7459 3600\n\n\n\n\nDominic Morley\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWalbrook PR Limited\n\n\n020 7933 8787\n\n\n\n\nPaul McManus\n\n\[email protected] \n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END TSTBMMITMBATBRB \n ","length":5427,"tagName":"div"}]