| [an error occurred while processing this directive] |
|
|
|
     (from www.sec.gov)
|
|
From the April 28, 1997 Washington Post
Description:
SSE's sales increased almost 38 percent in 1996, from $33.6 million, to $46.2 million. One main factor contributing to this boost was the acquisition in January 1996 of Fairchild Data Corp., a company headquartered in Scottsdale, Ariz., that makes digital modems for the satellite industry. In September the company entered into a joint venture with Alcatel Telspace SA, the biggest supplier of satellite earth stations in Europe. Alcatel, with whom SSE has done business in the past, purchased about 10 percent of SSE's common stock for approximately $6.7 million. Both SSE and Alcatel also expanded on their core business with investment in Atlanta-based Media4 Inc., which develops products for distribution of multimedia information over wireless networks to personal computers. The two companies made an initial purchase of Media4 stock in May 1995; currently, SSE and Alcatel own 19.6 percent of common stock in the Georgia firm.
|
|||||||||||||||||||||||
|
|
||
|
|
|
[an error occurred while processing this directive] |