REMC REMEC Inc. featured news, full reports, and detailed charts
REMEC Inc. (REMC/REMC.OB) Wrap Up:
REMEC, Inc. operates under the plan of liquidation and dissolution adopted in July 2005. Previously, the company designed and manufactured high frequency subsystems used in the transmission of voice, video, and data traffic over commercial wireless communications networks in the defense and commercial sectors. REMEC was founded in 1983 and is based in Del Mar, California.www.remec.com
4 Employees
Founded in 1983
REMEC Inc. (REMC:OTC Bulletin Board Market)
LAST $0.83 USD
CHANGE TODAY +0.01 1.22%
VOLUME 21.3K
As of 3:48 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of REMEC Inc. (REMC)
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OPEN
$0.83
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PREVIOUS CLOSE
$0.82
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DAY HIGH
$0.83
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DAY LOW
$0.83
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52 WEEK HIGH
09/30/09 - $0.95
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52 WEEK LOW
11/20/08 - $0.45
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MARKET CAP
24.9M
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AVERAGE VOLUME 3 mo
5.3K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
30.0M
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REMC Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
REMC Top Compensated Officers
Mr. Richard A. Sackett
Principal Executive Officer, President, Secre...
Age: 55
Total Annual Compensation: $229.9K
Mr. David F. Wilkinson
Chief Financial Officer and Chief Accounting ...
Age: 47
Total Annual Compensation: $214.2K
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for REMEC Inc. (REMC)
Remec Inc. Directors Declares Liquidating Cash Distribution Payable on July 8, 2008
06/18/2008
On June 17, 2008, the Board of Directors of REMEC Inc. declared a liquidating cash distribution of $0.50 per share to shareholders of record at the close of market on June 27, 2008. The payment date is expected to be on July 8, 2008.
REMEC Inc. Announces Cash Distribution Payable on or About December 21, 2007
12/14/2007
REMEC Inc. announced that its Board of Directors has approved a liquidating cash distribution of $0.75 per share to shareholders of record as of the close of business on December 14, 2007. The payment date is expected to be on or about December 21, 2007.
REMC Competitors
| Company | Last | Change |
| Endwave Corp | $2.41 USD | -0.02 |
| Hitachi Kokusai Electric Inc | ¥593.00 JPY | +4.00 |
| Japan Radio Co Ltd | ¥143.00 JPY | 0.00 |
| Powerwave Tech | $1.35 USD | +0.01 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | REMC | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 0.5x |
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| Price/Cash Flow | -- | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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REMC |
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REMC transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About REMEC Inc.
More news for REMC
REMEC INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with our condensed financial statements and notes appearing elsewhere in this Form 10-Q. Such financial statements and information have been prepared to reflect our net assets in liquidation as of July 31, 2009 and January 31, 2009, together with changes in net assets for the three and six months ended July 31, 2009 and August 1, 2008, respectively. Forward-Looking Statements This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements represent our current expectations, assumptions, estimates and projections about REMEC. These forward-looking statements include estimates of the net assets of the Company in liquidation, statements about the amount and timing of the payment of additional liquidating distributions and statements about the Company's operating costs through final dissolution, including the additional wind up costs, which will vary with the length of time it operates. The forward-looking statements in this report are subject to a number of other significant risks and uncertainties, and there can be no assurance that the expectations reflected in those statements will be realized or achieved. Such risks and uncertainties include, without limitation, possible contingent liabilities and post-closing indemnification and other obligations arising from the sale of the Company's remaining assets; the risk that federal, state or local taxing authorities will audit the tax returns filed by the Company resulting in additional taxes being assessed against the Company; the risk that income, sales, use and other tax returns filed by the Company prior to the divestiture of its business units might be audited by federal, state or local taxing authorities resulti...Click here to read the whole Article (external link)
REMEC INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with our condensed financial statements and notes appearing elsewhere in this Form 10-Q. Such financial statements and information have been prepared to reflect our net assets in liquidation as of May 1, 2009 and January 31, 2009, together with changes in net assets for the three months ended May 1, 2009 and May 2, 2008, respectively. Forward-Looking Statements This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements represent our current expectations, assumptions, estimates and projections about REMEC. These forward-looking statements include estimates of the net assets of the Company in liquidation, statements about the amount and timing of the payment of additional liquidating distributions and statements about the Company's operating costs through final dissolution, including the additional wind up costs, which will vary with the length of time it operates. The forward-looking statements in this report are subject to a number of other significant risks and uncertainties, and there can be no assurance that the expectations reflected in those statements will be realized or achieved. Such risks and uncertainties include, without limitation, possible contingent liabilities and post-closing indemnification and other obligations arising from the sale of the Company's remaining assets; the risk that federal, state or local taxing authorities will audit the tax returns filed by the Company resulting in additional taxes being assessed against the Company; the risk that income, sales, use and other tax returns filed by the Company prior to the divestiture of its business units might be audited by federal, state or local taxing authorities resulting in additiona...Click here to read the whole Article (external link)
REMEC INC Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. The following discussion should be read in conjunction with Item 6, "Selected Financial Data," and our historical financial statements and related notes thereto included elsewhere in this report. Forward-Looking Statements This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements represent our current expectations, assumptions, estimates and projections about REMEC. These forward-looking statements include estimates of the net assets of the Company in liquidation, statements about the amount and timing of the payment of additional liquidating distributions and statements about the Company's operating costs through final dissolution, including the additional wind up costs, which will vary with the length of time it operates. The forward-looking statements in this report are subject to a number of other significant risks and uncertainties, and there can be no assurance that the expectations reflected in those statements will be realized or achieved. Such risks and uncertainties include, without limitation, possible contingent liabilities and post-closing indemnification and other obligations arising from the sale of the Company's remaining assets; the risk that federal, state or local taxing authorities will audit the tax returns filed by the Company resulting in additional taxes being assessed against the Company; the risk that income, sales, use and other tax returns filed by the Company prior to the divestiture of its business units might be audited by federal, state or local taxing authorities resulting in additional taxes being assessed against the Company; the risk that the Company may not be able to realize its current estimate of the net value of its assets; the risk that the Company may have ...Click here to read the whole Article (external link)
REMEC INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure
Show all filings for REMEC INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for REMEC INC 16-Mar-2009Entry into a Material Definitive Agreement, Regulation FD Disclosure Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational...Click here to read the whole Article (external link)
REMEC INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with our financial statements and notes appearing elsewhere in this Form 10-Q. Such financial statements and information have been prepared to reflect our net assets in liquidation as of October 31, 2008 and January 31, 2008, together with changes in net assets for the three and nine months ended October 31, 2008 and November 2, 2007, respectively. Forward-Looking Statements This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements represent our current expectations, assumptions, estimates and projections about REMEC. These forward-looking statements include estimates of the net assets of the Company in liquidation, statements about the amount and timing of the payment of additional liquidating distributions and statements about the Company's operating costs through final dissolution, including the additional wind up costs, which will vary with the length of time it operates. The forward-looking statements in this report are subject to a number of other significant risks and uncertainties, and there can be no assurance that the expectations reflected in those statements will be realized or achieved. Such risks and uncertainties include, without limitation, possible contingent liabilities and post-closing indemnification and other obligations arising from the sale of the Company's remaining assets; the risk that federal, state or local taxing authorities will audit the tax returns filed by the Company resulting in additional taxes being assessed against the Company; the risk that income, sales, use and other tax returns filed by the Company prior to the divestiture of its business units might be audited by federal, state or local taxing authorities resultin...Click here to read the whole Article (external link)
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