Richardson Announces Date of First Quarter Fiscal 2010 Conference Call

LAFOX, Ill.--(BUSINESS WIRE)--Richardson Electronics, Ltd. (NASDAQ: RELL - News) plans to release its financial results for the first quarter ended August 29, 2009, after the close of business on Wednesday, October 7, 2009. The release will be distributed by Business Wire and will be available on the Company’s website at www.rell.com. On Thursday, October 8, 2009, at 9:00 a.m. CT, Edward J. Richardson, Chairman and Chief Executive Officer, and Kathleen S. Dvorak, Chief Financial Officer, will host a conference call to discuss the Company’s first quarter fiscal 2010 results. A question and answer session will be included as part of the call’s agenda. To listen to the call, please dial 866-800-8648 and enter passcode 64401144 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 11:00 a.m. CT on October 8, 2009, for seven days. The telephone numbers for the replay are (USA) 888-286-8010 and (International) 617-801-6888; access code 96080296.About Richardson ElectronicsRichardson Electronics, Ltd. is a global provider of engineered...
Click here to read the whole Article (external link)

Richardson Electronics Reports First Quarter Fiscal 2010 Results and Declares Cash Dividend

  Richardson Electronics, Ltd. Unaudited Condensed Consolidated Balance Sheets (in thousands, except per share amounts)     August 29, May 30, 2009 2009 Assets   Current assets:   Cash and cash equivalents $ 41,795 $ 43,887 Accounts receivable, less allowance of $2,116 and $2,396 87,588 92,449 Inventories ...
Click here to read the whole Article (external link)

Q1 2010 Richardson Electronics Earnings Release - After Market Close

#getQuotesHelpPanel,#quoteContainer {font:13px/1.22 arial,helvetica,clean,sans-serif;*font-size:small;*font:x-small;} #quoteContainer table {font-size:inherit;font:100%;} Calendars: U.S. Earnings | Conf. Calls | Surprises | Mergers | Splits | IPO | EconomicPrev. Week | Oct 5 | Oct 6 | Oct 7 | Oct 8 | Oct 9 | Next Week Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - ...
Click here to read the whole Article (external link)

Richardson Announces Annual Meeting of Stockholders and Web Conference Availability

LAFOX, Ill.--(BUSINESS WIRE)--Richardson Electronics, Ltd. (NASDAQ: RELL - News) announced that the Company’s annual meeting of stockholders will be held on Tuesday, October 13, 2009 at 3:15 P.M. CDT at the corporate headquarters in LaFox, Illinois. Chairman, Chief Executive Officer and President, Edward J. Richardson will host the meeting and will be joined by Kathleen S. Dvorak, Executive Vice President and Chief Financial Officer. At the meeting, stockholders will vote on the directors standing for election and ratify the selection of Ernst & Young LLP as the independent registered public accounting firm for fiscal 2010. In addition, a presentation will be made on the Company’s performance. A live web conference of the meeting is available using Microsoft Office Live Meeting and can be accessed at https://www.livemeeting.com/cc/rell/join and supply the following information:-- Your Name: (enter your name)-- Meeting ID: rell-- Entry Code: rellTo access the audio portion of t...
Click here to read the whole Article (external link)

RICHARDSON ELECTRONICS LTD/DE Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Certain statements in this report may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. The terms "may," "should," "could," "anticipate," "believe," "continues," "estimate," "expect," "intend," "objective," "plan," "potential," "project" and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These statements are based on management's current expectations, intentions or beliefs and are subject to a number of factors, assumptions and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause or contribute to such differences or that might otherwise impact the business include the risk factors set forth in Item 1A of our Annual Report on Form 10-K. We undertake no obligation to update any such factor or to publicly announce the results of any revisions to any forward-looking statements contained herein whether as a result of new information, future events or otherwise. You should consider carefully the risk factors described in our Annual Report on Form 10-K, in addition to the other information included and incorporated by reference in this Quarterly Report on Form 10-Q. In addition, while we do, from time to time, communicate with securities analysts, it is against our policy to disclose to them any material non-public information or other confidential commercial information. Accordingly, stockholders should not assume that we agree with any statement or report issued by any analyst irrespective of the content of the statement or report. Thus...
Click here to read the whole Article (external link)

New Star Analyst Rankings for Richardson Electronics, Ltd.

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...
Click here to read the whole Article (external link)

Richardson Electronics to Distribute Sarantel Products to Global Customer Base

LAFOX, Ill.--(BUSINESS WIRE)--Richardson Electronics, Ltd. (NASDAQ: RELL - News), whose new website features the latest products from the top suppliers for the most important RF/Wireless and Power Conversion applications, today announced it has signed a global distribution agreement with Sarantel (AIM: SLG), the leading manufacturer of revolutionary filtering antennas for mobile and wireless devices. As the leading distributor of RF and Microwave components, Richardson Electronics offers technical expertise, value-added customer service, and a global sales footprint, which provides OEM/ODM companies with streamlined new product introduction and shorter design cycles. By combining Sarantel’s active and passive embedded GPS/Satellite terminal antennas with other GPS components, including radio modules, Richardson Electronics can now provide customers with complete solutions engineered to their specific needs.“Sarantel’s high performance antenna will complement our embedded solutions offering, providing more options for our customers,” said Chris Marshall, Richardson Electronics’ Vice President of Marketing and RF Microwave Components. “Their proprietary technology provides us with access to a new segment of the GPS and Iridium markets.”Sarantel’s unique GeoHelix® filtering technology provides a very high performance satellite antenna, offering better...
Click here to read the whole Article (external link)

RICHARDSON ELECTRONICS LTD/DE Financials

PERIOD ENDING29-Aug-0930-May-0928-Feb-0929-Nov-08Total Revenue109,492  114,565  110,316  132,551  Cost of Revenue83,023  94,558  86,590  99,373  Gross Profit26,469  20,007  23,726  33,178  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative22,943  26,359  27,686  28,219  Non Recurring(2)1,470  5,778  3  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss3,528  (7,822)(9,738)4,956  Income from Continuing OperationsTotal Other Income/Expenses Net(778)(1,584)46  2,587  Earnings Before Interest And Taxes2,750  (9,406)(9,692)7,543  Interest Expense1,145  1,111  1,130  1,183  Income Before Tax1,605  (10,517)(10,822)6,360  Income Tax Expense(310)(111)563  426  Minority Interest -   -   -   -  Net Income From Continuing Ops1,915  (10,406)(11,385)5,934  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   -   - &nb...
Click here to read the whole Article (external link)

RICHARDSON ELECTRONICS LTD/DE Files SEC form 8-K, Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On October 13, 2009, Richardson Electronics, Ltd.'s (the "Company") Board of Directors (the "Board") voted to terminate the Company's Employee Stock Ownership Plan (the "ESOP") as of October 15, 2009. The Board decided to terminate the ESOP after determining that it was no longer feasible to continue the ESOP in light of the administrative and trustee fees associated with maintaining the ESOP, which fees have increased dramatically since the ESOP was established in the late 1980s. At the time that the ESOP was terminated, it held 389,422.48 shares of the Company's common stock, representing approximately 2.6% of the Company's outstanding common stock, and $10,366 in cash. Of these amounts, the following were allocated to the Company's named executive officers as of October 15, 2009: Upon termination of the ESOP, all ESOP participants became fully vested in their ESOP benefits without regard to whether they were fully vested in such benefits as of the effective date of the ESOP termination. As a result of the ESOP termination, all ESOP assets will be distributed to plan participants, who may elect to either have their account assets distributed to them directly as shares of common stock or as cash, or to have their account assets rolled over to another qualified plan or to an individual retirement account. Plan participants have until December 22, 2009 to inform the Company of their account asset distribution election. The Company anticipates that the plan assets will be distributed in January 2010. For ESOP participants electing to receive a direct distribution of cash or electing to roll over their account assets to the Company's 401(k) plan, the ESOP trustee is expected to sell the shares in such participants' accounts through one or more block trades and distribute ...
Click here to read the whole Article (external link)

Streetwalker: Five Book Value Bargains

Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People Tracker Portfolio Tracker Special Reports Commerce Energy Health Care Logistics Manufacturing Media Services Technology Wall Street Washington CIO Network Enterprise Tech Infoimaging Internet Infrastructure Internet Personal Tech Sciences Security ...
Click here to read the whole Article (external link)