San Jose, Calif., Jan. 25, 2012 /PRNewswire/ -- Symmetricom®, Inc.
(NASDAQ:SYMM), a worldwide leader in precision time and frequency
technologies, today reported financial results for its second
quarter of fiscal year 2012 ended January 1,
2012.
(Logo:
http://photos.prnewswire.com/prnh/20110829/AQ59077LOGO)
Net revenue for the second quarter of fiscal 2012 was
$58.3 million, up $1.9 million, or 3.4%, compared to the first
quarter of fiscal 2012, driven by higher shipments of PackeTime™
products and continued solid performance overall in our Government
and Enterprise business. Symmetricom reported net income of
$2.4 million, or $0.06 per share, for the second quarter of fiscal
2012, compared to net income of $2.7
million, or $0.06 per share,
in the first quarter of fiscal 2012.
Non-GAAP net income for the second quarter of fiscal 2012 was
$4.2 million, or $0.10 per share, compared to $4.1 million, or $0.10 per share, reported for the first quarter
of fiscal 2012.
Cash, cash equivalents and short-term investments totaled
$58.1 million as of January 1, 2012, an increase of $1.1 million from the $57.0 million reported as of October 2, 2011, reflecting strong cash inflows
from operations, offset by approximately $4.0 million in stock repurchases during the
second quarter of fiscal 2012. Net cash generated from
operating activities in the second quarter was $6.4 million, due in part to a decrease in
inventories. After subtracting approximately $0.9 million of property, plant and equipment
purchases, free cash flow was approximately $5.5 million.
"Symmetricom delivered solid performance in the second quarter,
with revenue at the high end of our expectations. We see
continued momentum in both our Communications and Government and
Enterprise businesses, with strong customer demand for our
solutions," said Dave Cote,
president and chief executive officer of Symmetricom. "As we
execute on our growth initiatives, our revenue streams will become
even more diversified by product, customer, and geography. We
remain focused on delivering profitable growth and creating
long-term value for our shareholders."
Business Results
Revenue in the Communications Business in the second quarter of
fiscal 2012 was $33.3 million,
compared to $33.6 million reported in
the first quarter of fiscal 2012, and $20.4
million reported in the second quarter of fiscal 2011.
Revenue in the Government and Enterprise Business in the
second quarter of fiscal 2012 was $25.0
million, compared to $22.8
million reported in the first quarter of fiscal 2012, and
$21.5 million reported in the second
quarter of fiscal 2011.
Third Quarter 2012 Guidance
Symmetricom's guidance for the third quarter of fiscal 2012 is
as follows:
- Net revenue is expected to be in the range of $56 million to $62 million
- GAAP earnings per share is expected to be in the range of
$0.04 to $0.10
- Non-GAAP earnings per share is expected to be in the range of
$0.07 to $0.12
A reconciliation of GAAP and non-GAAP guidance is provided at
the end of this press release.
Investor Conference Call
As previously announced, management will hold a conference call
to discuss these results today, at 1:30 p.m.
Pacific Time. Investors are invited to join the
conference call by dialing +1-312-470-7232 and referencing
"Symmetricom." A live webcast will also be available on the
investor relations section of the company's website at
http://www.symmetricom.com. An audio replay will be available
for one week and can be accessed by dialing +1-203-369-3219.
About Symmetricom, Inc.
Symmetricom (NASDAQ:SYMM), a world leader in precise time
solutions, sets the world's standard for time. The company
generates, distributes and applies precise time for the
communications, aerospace/defense, IT infrastructure and metrology
industries. Symmetricom's customers, from communications service
providers and network equipment manufacturers to governments and
their suppliers worldwide, are able to build more reliable networks
and systems by using the company's advanced timing technologies,
atomic clocks, services and solutions. All products support today's
precise timing standards, including GPS-based timing, IEEE 1588
(PTP), Network Time Protocol (NTP), Synchronous Ethernet and
DOCSIS® timing. Symmetricom is based in San Jose, Calif., with offices worldwide. For
more information, visit: http://www.symmetricom.com or join the
dialogue at http://www.twitter.com/symmetricom.
Non-GAAP Information
Certain non-GAAP financial information is included in this press
release. In the reconciliation of GAAP to non-GAAP results,
Symmetricom excludes certain items related to non-cash equity-based
compensation, amortization of intangible assets, restructuring
charges, and manufacturing transition costs that the company does
not consider indicative of its ongoing performance. The
income tax effect after these non-GAAP adjustments is determined
based upon Symmetricom's estimate of its annual non-GAAP effective
tax rate excluding these non-GAAP adjustments. Symmetricom
believes that excluding such items provides investors, analysts and
management with a representation of the Company's core operating
performance and with information useful in assessing, in
conjunction with GAAP results, underlying trends in operating
performance. Management uses such non-GAAP information to
evaluate financial results and to establish operational goals.
Non-GAAP information should not be considered superior to or
as a substitute for data prepared in accordance with GAAP. A
reconciliation of the non-GAAP results to the GAAP results is
provided in the financial schedules portion of this press
release.
Free cash flow is defined as net cash provided by or used in
operating activities minus purchases of property, plant and
equipment. Symmetricom believes this metric provides useful
information to its investors, analysts, and management about the
level of cash generated by or used in normal business operations,
including the use of cash for the purchase of property, plant and
equipment. Management also views it as a measure of cash
available to pay debt and return cash to stockholders. Free
cash flow is not a GAAP financial measure and should not be
considered superior to or a substitute for operating cash flow or
other cash flow data prepared in accordance with GAAP.
Safe Harbor
This press release contains forward-looking information 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, and is subject to the safe harbor created by those
sections. These forward-looking statements include statements
concerning third quarter fiscal 2012 guidance and future
performance, expectations regarding diversification of our revenue
streams, customer demand, our strategic initiatives and focus on
profitable growth as well as the information regarding the
usefulness of the non-GAAP financial information. The
statements in this press release are made as of the date of this
press release, even if subsequently made available by Symmetricom
on its website or otherwise. Symmetricom expressly disclaims
any obligation to update or revise any forward-looking statement
contained herein, whether as a result of a change in its
expectations, a change in any events, conditions or circumstances
on which a forward-looking statement is based, or otherwise.
Symmetricom's actual results could differ materially from
those projected or suggested in these forward-looking statements.
Factors that could cause future actual results to differ
materially from the results projected in or suggested by such
forward-looking statements include: but are not limited to, risks
relating to general economic conditions in the markets we address
and the telecommunications market in general, risks related to the
development of our new products and services, reliance on our
contract manufacturer for the manufacturing previously carried out
at our Puerto Rico facility and by
other third party vendors, the effects of increasing competition
and competitive pricing pressure, uncertainties associated with
changing intellectual property laws, developments in and expenses
related to litigation, the inability to obtain sufficient amounts
of key components, the rescheduling or cancellation of key customer
orders, the loss of a key customer, the effects of new and emerging
technologies, the risk that excess inventory may result in
write-offs, price erosion and decreased demand, fluctuations in the
rate of exchange of foreign currency, changes in our effective tax
rate, market acceptance of our new products and services,
technological advancements, undetected errors or defects in our
products, the risks associated with our international sales,
potential short-term investment losses and other risks due to
credit market dislocation, geopolitical risks and risk of terrorist
activities, the risks associated with attempting to integrate other
companies and businesses we acquire, and the risk factors listed
from time to time in Symmetricom's reports filed with the
Securities and Exchange Commission, including the annual report on
Form 10-K for the fiscal year ended July 3,
2011 and subsequent Form 8-K's.
SYMM-F
|
SYMMETRICOM,
INC.
|
|
|
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
|
|
|
(In
thousands, except per share amounts)
|
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months
ended
|
|
Six months
ended
|
|
|
|
|
|
January
1,
|
|
October
2,
|
|
December
26,
|
|
January
1,
|
|
December
26,
|
|
|
|
|
|
2012
|
|
2011
|
|
2010
|
|
2012
|
|
2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue
|
|
|
$ 58,294
|
|
$ 56,378
|
|
$
41,844
|
|
$ 114,672
|
|
$
96,223
|
|
|
Cost of sales:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products
and services
|
|
|
32,225
|
|
29,830
|
|
23,222
|
|
62,055
|
|
49,828
|
|
|
Amortization of
intangible assets
|
|
|
185
|
|
186
|
|
267
|
|
371
|
|
554
|
|
|
Restructuring
charges
|
|
|
674
|
|
417
|
|
3,910
|
|
1,091
|
|
7,657
|
|
|
Total cost of sales
|
|
|
33,084
|
|
30,433
|
|
27,399
|
|
63,517
|
|
58,039
|
|
|
Gross profit
|
|
|
25,210
|
|
25,945
|
|
14,445
|
|
51,155
|
|
38,184
|
|
|
Gross margin
|
|
|
43.2%
|
|
46.0%
|
|
34.5%
|
|
44.6%
|
|
39.7%
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
|
|
6,548
|
|
6,898
|
|
6,738
|
|
13,446
|
|
13,344
|
|
|
Selling, general
and administrative
|
|
|
14,864
|
|
14,810
|
|
13,596
|
|
29,674
|
|
26,395
|
|
|
Amortization of
intangible assets
|
|
|
52
|
|
52
|
|
61
|
|
104
|
|
123
|
|
|
Restructuring
charges
|
|
|
103
|
|
96
|
|
38
|
|
199
|
|
(843)
|
|
|
Total operating expenses
|
|
|
21,567
|
|
21,856
|
|
20,433
|
|
43,423
|
|
39,019
|
|
|
Operating income (loss)
|
|
|
3,643
|
|
4,089
|
|
(5,988)
|
|
7,732
|
|
(835)
|
|
|
Interest income, net of
amortization (accretion) of premium (discount) on
investments
|
|
|
(296)
|
|
66
|
|
331
|
|
(230)
|
|
223
|
|
|
Interest
expense
|
|
|
-
|
|
-
|
|
-
|
|
-
|
|
(55)
|
|
|
Income
(loss) from continuing operations before taxes
|
|
|
3,347
|
|
4,155
|
|
(5,657)
|
|
7,502
|
|
(667)
|
|
|
Income tax provision
(benefit)
|
|
|
902
|
|
1,406
|
|
(2,181)
|
|
2,308
|
|
(285)
|
|
|
Income
(loss) from continuing operations
|
|
|
2,445
|
|
2,749
|
|
(3,476)
|
|
5,194
|
|
(382)
|
|
|
Income (loss) from discontinued
operations, net of tax
|
|
|
-
|
|
-
|
|
(49)
|
|
-
|
|
78
|
|
|
Net income
(loss)
|
|
|
$ 2,445
|
|
$ 2,749
|
|
$
(3,525)
|
|
$ 5,194
|
|
$
(304)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per share -
basic:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from
continuing operations
|
|
|
$
0.06
|
|
$
0.06
|
|
$
(0.08)
|
|
$
0.12
|
|
$
(0.01)
|
|
|
Income (loss) from
discontinued operations
|
|
|
-
|
|
-
|
|
-
|
|
-
|
|
-
|
|
|
Net income (loss)
|
|
|
$
0.06
|
|
$
0.06
|
|
$
(0.08)
|
|
$
0.12
|
|
$
(0.01)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares
outstanding - basic
|
|
|
42,292
|
|
42,687
|
|
43,272
|
|
42,490
|
|
43,351
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per share -
diluted:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from
continuing operations
|
|
|
$
0.06
|
|
$
0.06
|
|
$
(0.08)
|
|
$
0.12
|
|
$
(0.01)
|
|
|
Income (loss) from
discontinued operations
|
|
|
-
|
|
-
|
|
-
|
|
-
|
|
-
|
|
|
Net income (loss)
|
|
|
$
0.06
|
|
$
0.06
|
|
$
(0.08)
|
|
$
0.12
|
|
$
(0.01)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares
outstanding - diluted
|
|
|
42,762
|
|
43,294
|
|
43,272
|
|
42,989
|
|
43,351
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SYMMETRICOM,
INC.
|
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
|
(In
thousands)
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
January
1,
|
|
July
3,
|
|
|
|
2012
|
|
2011
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
Current assets:
|
|
|
|
|
|
Cash and cash
equivalents
|
$ 22,794
|
|
$ 20,318
|
|
|
Short-term
investments
|
35,352
|
|
43,340
|
|
|
Accounts receivable,
net
|
36,539
|
|
40,511
|
|
|
Inventories
|
62,469
|
|
62,622
|
|
|
Prepaids and other current
assets
|
17,861
|
|
14,004
|
|
|
Total current
assets
|
175,015
|
|
180,795
|
|
Property, plant and equipment,
net
|
22,715
|
|
23,255
|
|
Intangible assets,
net
|
1,954
|
|
2,429
|
|
Deferred taxes and other
assets
|
27,418
|
|
29,361
|
|
|
Total assets
|
$ 227,102
|
|
$ 235,840
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS'
EQUITY
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
Accounts payable
|
$ 8,568
|
|
$ 16,113
|
|
|
Accrued compensation
|
12,932
|
|
13,743
|
|
|
Accrued warranty
|
1,835
|
|
1,601
|
|
|
Other accrued
liabilities
|
11,120
|
|
14,683
|
|
|
Total current
liabilities
|
34,455
|
|
46,140
|
|
Long-term obligations
|
5,588
|
|
5,212
|
|
Deferred income taxes
|
334
|
|
334
|
|
|
Total
liabilities
|
40,377
|
|
51,686
|
|
Stockholders' equity:
|
|
|
|
|
|
Common stock
|
198,646
|
|
201,002
|
|
|
Accumulated other comprehensive
income (loss)
|
(296)
|
|
(29)
|
|
|
Accumulated deficit
|
(11,625)
|
|
(16,819)
|
|
|
Total
stockholders' equity
|
186,725
|
|
184,154
|
|
|
Total liabilities and stockholders' equity
|
$ 227,102
|
|
$ 235,840
|
|
|
|
|
|
|
SYMMETRICOM,
INC.
|
|
RECONCILIATION OF GAAP TO
NON-GAAP RESULTS
|
|
(In
thousands, except per share amounts)
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months
ended
|
|
Six months
ended
|
|
|
January
1,
|
|
October
2,
|
|
December
26,
|
|
January
1,
|
|
December
26,
|
|
|
2012
|
|
2011
|
|
2010
|
|
2012
|
|
2010
|
|
Reconciliation from GAAP to
Non-GAAP
|
|
|
|
|
|
|
|
|
|
|
GAAP Net income
(loss)
|
$ 2,445
|
|
$ 2,749
|
|
$
(3,525)
|
|
$ 5,194
|
|
$
(304)
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP adjustments:
|
|
|
|
|
|
|
|
|
|
|
Equity-based compensation
expense:
|
|
|
|
|
|
|
|
|
|
|
Cost of products
and services
|
215
|
|
$
119
|
|
230
|
|
334
|
|
253
|
|
Research and
development
|
295
|
|
289
|
|
184
|
|
584
|
|
322
|
|
Selling, general
and administrative
|
1,170
|
|
755
|
|
704
|
|
1,925
|
|
995
|
|
Total equity-based compensation
expense
|
1,680
|
|
1,163
|
|
1,118
|
|
2,843
|
|
1,570
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of intangible
assets:
|
|
|
|
|
|
|
|
|
|
|
Cost of products
and services
|
185
|
|
186
|
|
267
|
|
371
|
|
554
|
|
Operating
expenses
|
52
|
|
52
|
|
61
|
|
104
|
|
123
|
|
Total amortization of intangible
assets
|
237
|
|
238
|
|
328
|
|
475
|
|
677
|
|
|
|
|
|
|
|
|
|
|
|
|
Restructuring charges
|
777
|
|
513
|
|
3,948
|
|
1,290
|
|
6,814
|
|
Manufacturing transition
costs
|
-
|
|
-
|
|
2,041
|
|
-
|
|
2,041
|
|
Income tax effect of Non-GAAP
adjustments
|
(934)
|
|
(536)
|
|
(2,551)
|
|
(1,470)
|
|
(3,728)
|
|
Non-GAAP Net income
|
$ 4,205
|
|
$ 4,127
|
|
$
1,359
|
|
$ 8,332
|
|
$
7,070
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per share -
diluted:
|
|
|
|
|
|
|
|
|
|
|
GAAP Net income
(loss)
|
$
0.06
|
|
$
0.06
|
|
$
(0.08)
|
|
$
0.12
|
|
$
(0.01)
|
|
Non-GAAP Net
income
|
$
0.10
|
|
$
0.10
|
|
$
0.03
|
|
$
0.19
|
|
$
0.16
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares
outstanding - diluted
|
42,762
|
|
43,294
|
|
43,972
|
|
42,989
|
|
43,862
|
|
|
|
|
|
|
|
|
|
|
|
|
SYMMETRICOM,
INC.
|
|
|
RECONCILIATION OF GAAP TO
NON-GAAP RESULTS
|
|
|
(In
thousands, except per share amounts)
|
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months
ended
|
|
Six months
ended
|
|
|
|
|
January
1,
|
|
October
2,
|
|
December
26,
|
|
January
1,
|
|
December
26,
|
|
|
|
|
2012
|
|
2011
|
|
2010
|
|
2012
|
|
2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Revenue
|
|
$ 58,294
|
|
$ 56,378
|
|
$
41,844
|
|
$ 114,672
|
|
$
96,223
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation from GAAP to
Non-GAAP Gross Profit:
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Gross profit
|
(A)
|
$ 25,210
|
|
$ 25,945
|
|
$
14,445
|
|
$ 51,155
|
|
$
38,184
|
|
|
GAAP Gross margin
|
|
43.2%
|
|
46.0%
|
|
34.5%
|
|
44.6%
|
|
39.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity-based compensation
expense
|
|
215
|
|
119
|
|
230
|
|
334
|
|
253
|
|
|
Amortization of intangible
assets
|
|
185
|
|
186
|
|
267
|
|
371
|
|
554
|
|
|
Restructuring charges
|
|
674
|
|
417
|
|
3,910
|
|
1,091
|
|
7,657
|
|
|
Manufacturing transition
costs
|
|
|
|
|
|
2,041
|
|
|
|
2,041
|
|
Non-GAAP Gross profit
|
(B)
|
$ 26,284
|
|
$ 26,667
|
|
$
20,893
|
|
$ 52,951
|
|
$
48,689
|
|
|
Non-GAAP Gross margin
|
|
45.1%
|
|
47.3%
|
|
49.9%
|
|
46.2%
|
|
50.6%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation from GAAP to
Non-GAAP Operating Expense:
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Operating
expenses
|
(C)
|
$ 21,567
|
|
$ 21,856
|
|
$
20,433
|
|
$ 43,423
|
|
$
39,019
|
|
|
Operating expense % to
revenue
|
|
37.0%
|
|
38.8%
|
|
48.8%
|
|
37.9%
|
|
40.6%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity-based compensation
expense
|
|
(1,465)
|
|
(1,044)
|
|
(888)
|
|
(2,509)
|
|
(1,317)
|
|
|
Amortization of intangible
assets
|
|
(52)
|
|
(52)
|
|
(61)
|
|
(104)
|
|
(123)
|
|
|
Restructuring charges
|
|
(103)
|
|
(96)
|
|
(38)
|
|
(199)
|
|
843
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP operating
expenses
|
(D)
|
$ 19,947
|
|
$ 20,664
|
|
$
19,446
|
|
$ 40,611
|
|
$
38,422
|
|
|
Non-GAAP operating expenses % to
revenue
|
|
34.2%
|
|
36.7%
|
|
46.5%
|
|
35.4%
|
|
39.9%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation from GAAP to
Non-GAAP Operating Income (loss):
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Operating income
(loss)
|
(A) -
(C)
|
$ 3,643
|
|
$ 4,089
|
|
$
(5,988)
|
|
$ 7,732
|
|
$
(835)
|
|
|
Operating income % to
revenue
|
|
6.2%
|
|
7.3%
|
|
-14.3%
|
|
6.7%
|
|
-0.9%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP Operating
income
|
(B) -
(D)
|
$ 6,337
|
|
$ 6,003
|
|
$
1,447
|
|
$ 12,340
|
|
$
10,267
|
|
|
Operating income % to
revenue
|
|
10.9%
|
|
10.6%
|
|
3.5%
|
|
10.8%
|
|
10.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SYMMETRICOM,
INC.
|
|
RECONCILIATION OF
FORWARD-LOOKING GUIDANCE FOR GAAP REVENUE AND EPS
|
|
TO NON-GAAP
GUIDANCE FOR REVENUE AND EPS
|
|
(In
thousands, except per share amounts)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ending April 1, 2012
|
|
|
|
Revenue
|
|
Earnings Per
Share
|
|
|
|
From
|
To
|
|
From
|
To
|
|
|
|
|
|
|
|
|
|
GAAP Guidance
|
$ 56,000
|
$ 62,000
|
|
$ 0.04
|
$ 0.10
|
|
|
|
|
|
|
|
|
|
Estimated Non-GAAP
Adjustments
|
|
|
|
|
|
|
|
Equity-based compensation
expense
|
|
|
|
0.04
|
0.03
|
|
|
Income tax effect of non-GAAP
adjustments
|
|
|
|
(0.01)
|
(0.01)
|
|
|
Total Non-GAAP
Adjustments
|
|
|
|
0.03
|
0.02
|
|
|
|
|
|
|
|
|
|
Non-GAAP Guidance
|
$ 56,000
|
$ 62,000
|
|
$ 0.07
|
$ 0.12
|
|
|
|
|
|
|
|
|
Contact:
Dan Madden
VP Finance & Investor Relations
+1-408-428-7929
dmadden@symmetricom.com
SOURCE Symmetricom, Inc.