BNET Industries

Market Cap:$835.6M
Last Fiscal Year Sales:$531.6M
  • Public
  • US
Dow Jones Description

We design, develop, produce and market innovative products, systems and services for advanced communications solutions. We believe many of our solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. We conduct our business through three complementary operating segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. We sell our products to a diverse customer base in the global commercial and government communications markets. We believe we are a leader in the market segments that we serve. Our telecommunications transmission segment provides sophisticated equipment and systems that are used to enhance satellite transmission efficiency and that enable wireless communications in environments where terrestrial communications are unavailable, inefficient or too expensive. Our telecommunications transmission segment also operates our high-volume technology manufacturing center that is utilized, in part, by our mobile data communications and RF microwave amplifiers segments as well as third-party commercial customers who outsource a portion of their manufacturing to us. Accordingly, our telecommunications transmission segment benefits from the related increased operating efficiencies. ...

Chairman, President & CEO
Fred Kornberg
Number of Employees 1,350
Contact Information

68 S Service Rd Ste 230

Melville, New York 11747-3833

comtechtel.com

(631) 962-7000

NAICS Code Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing: 334220

Recent Events

  • Comtech Telecommunications Corp. Strikes $7.6 Million Movement Tracking System Orders

    11/13/09 - Joint Venture / Alliance - View Story

  • Comtech CMLT Receives Air Force Contract Worth Up to $200M

    10/13/09 - Joint Venture / Alliance - View Story

  • Comtech Telecommunications Gets $33.4 Million In Orders

    10/08/09 - Joint Venture / Alliance - View Story

  • Comtech shares jump on solid 2010 outlook

    9/24/09 - Bond / Stock Rating - View Story

  • Collins Stewart Reiterates a 'Buy' on Comtech Telecomm. CMTL; Raises 2010 Estimates

    9/24/09 - Bond / Stock Rating - View Story

  • Red Hat, Vail Rise; Nomura, Hercules Fall

    9/27/09 - Financial Announcement - View Story

News & Analysis

company and comtech telecommunications corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
John Branscum President
Thomas Christy President, Comtech Antenna Systems, Inc
Michael D. Porcelain CFO & Senior Vice President
Robert G. Rouse COO & Executive Vice President
Daniel Wood Senior Vice President
Frank Otto Senior Vice President, Operations
Jerome Kapelus Senior Vice President, Strategy & Business Dev
Larry Konopelko Senior Vice President
Richard L. Burt Senior Vice President
Robert McCollum Senior Vice President
Scott Wood Daniel Senior Vice President
Nancy Stallone Vice President of Finance
Brian Burt
James McIlree Analyst
John Weldon
Michael Ciarmoli Analyst
Rich Valera Analyst
Roger Kent
Tim Quillin Analyst
Tyler Hojo Analyst

Board of Directors

Name (plus bio) Position
Fred Kornberg Chairman, President & CEO
Gerard R. Nocita Chairman
Brian Duggan Board of Directors
Edwin Kantor Board of Directors
Ira Kaplan Board of Directors
Patrick O'Gara Board of Directors
Richard L. Goldberg Board of Directors
Robert G. Paul Board of Directors

Mr. Kornberg has been Chief Executive Officer and President of the Company since 1976. Prior to that, he was the Executive Vice President of the Company from 1971 to 1976 and the General Manager of the telecommunications transmission segment.

Organization Position Status
Comtech Telecommunications Corp. Chairman, President & CEO Current
Comtech Telecommunications Corp. Board of Directors Current
Comtech Telecommunications Corp. Executive Vice President Former

Organization Position Status
Comtech Telecommunications Corp. President Current

Organization Position Status
Comtech Antenna Systems, Inc. President Current
Comtech Telecommunications Corp. President, Comtech Antenna Systems, Inc Current

Mr. Porcelain has been Senior Vice President of the Company and Chief Financial Officer since March 2006 and was previously Vice President of Finance and Internal Audit of the Company from 2002 to March 2006. Prior to joining the Company, Mr. Porcelain was Director of Corporate Profit and Business Planning for Symbol Technologies, a mobile wireless information solutions company, where he was employed from 1998 to 2002. Previously, he spent five years in public accounting holding various positions, including Manager in the Transaction Advisory Services Group of PricewaterhouseCoopers.

Organization Position Status
Comtech Telecommunications Corp. CFO & Senior Vice President Current
Comtech Telecommunications Corp. Vice President of Finance and Internal Audit Former
PricewaterhouseCoopers Manager Former

Organization Position Status
Comtech Telecommunications Corp. COO & Executive Vice President Current
KPMG International partner Former

Mr. Wood has been Senior Vice President of the Company since 2006 and has been President of Comtech Mobile Datacom Corp. since April 2005. He was hired in October 2004 in anticipation of his predecessor’s retirement and served as Executive Vice President of Operations of Comtech Mobile Datacom Corp. until his promotion to President. Previously, Mr. Wood was employed at EDO Corporation for 15 years, where he held senior management positions, including Group Director, Finance, for EDO’s Systems and Analysis Group, and Director Contracts and Finance, for EDO’s Combat Systems Division.

Organization Position Status
Comtech Telecommunications Corp. Senior Vice President Current
EDO Corporation Group Director, Finance Former

Mr. Otto was appointed to the position of Senior Vice President of Operations on April 28, 2008. Prior to starting with the Company, Mr. Otto was employed by EDO Corporation where he served in various capacities since 1979. His most recent position at EDO Corporation was Senior Vice President, Strategic Development which he held since March 2005. From February 2004 through March 2005, Mr. Otto was Chief Operating Officer and from September 2002 through February 2004, Mr. Otto was an Executive Vice President.

Organization Position Status
Comtech Telecommunications Corp. Senior Vice President, Operations Current

Mr. Kapelus has been Senior Vice President, Strategy and Business Development since he joined the Company in February 2006. From 2000 until he joined the Company, Mr. Kapelus was a Managing Director in the Investment Banking Group at Bear, Stearns & Company, where his clients included growth companies in the telecommunications equipment sector. Prior to joining Bear, Stearns & Company, Mr. Kapelus worked at firms that included Jefferies & Co. and The Bank of New York, where he provided investment banking and commercial banking services to communications service providers.

Organization Position Status
Comtech Telecommunications Corp. Senior Vice President, Strategy & Business Dev Current
Jefferies & Company, Inc. Former
Stearns Inc. Former

Organization Position Status
Comtech PST Corp. President Current
Comtech Telecommunications Corp. Senior Vice President Current
Comtech PST Corp. Vice President Current
Comtech PST Corp. General Manager Current
Comtech Telecommunications Corp. President, Comtech PST Corp Former

Mr. Burt has been Senior Vice President of the Company since 1998 and had been a Vice President since 1992. He has been President of Comtech Systems, Inc. since 1989 and Vice President since its founding in 1984. Mr. Burt first joined Comtech in 1979.

Organization Position Status
Comtech Telecommunications Corp. Senior Vice President Current
Comtech Telecommunications Corp. Board of Directors Current

Organization Position Status
Armer Communications Engineering Services, Inc. President Current
Comtech EF Data Corp. President Current
Comtech Vipersat Networks, Inc. President Current
Digicast Networks Incorporated Senior Vice President of Comtech Telecommunications Corporation and President Current
Comtech Telecommunications Corp. Senior Vice President Current
Comtech Vipersat Networks, Inc. Senior Vice President of Comtech Telecommunications Corporation and President Current
Comtech EF Data Corp. Senior Vice President of Comtech Telecommunications Corporation and President Former
Arizona State University Bse Degree Former
California State University Degree Former

Organization Position Status
Comtech Telecommunications Corp. Senior Vice President Current

Organization Position Status
Comtech Telecommunications Corp. Vice President of Finance Current

The son of Richard L. Burt, Brian Burt, is employed by our Company as a marketing manager and his aggregate compensation for fiscal 2008 of $54,540 was comparable with other Comtech employees in similar positions. Richard L. Burt is a Senior Vice President and President of Comtech Systems, Inc.

Organization Position Status
Comtech Telecommunications Corp. Current

Organization Position Status
Comtech Telecommunications Corp. Analyst Current

Organization Position Status
Comtech Telecommunications Corp. Current

Organization Position Status
Comtech Telecommunications Corp. Analyst Current

Organization Position Status
Comtech Telecommunications Corp. Analyst Current

Organization Position Status
Comtech Telecommunications Corp. Current
Comtech Vipersat Networks, Inc. President Former

Comtech Telecommunications Corp. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Comtech Telecommunications Corp.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Comtech Telecommunications Corp. or its management. Comtech Telecommunications Corp. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

Organization Position Status
Comtech Telecommunications Corp. Analyst Current

Organization Position Status
Comtech Telecommunications Corp. Analyst Current

Organization Position Status
Infrared Sciences Corp. (Isc) Chief Financial Officer Current
Comtech Telecommunications Corp. Chairman Current
Comtech Telecommunications Corp. Board of Directors Current
Comtech Telecommunications Corp. Founder Former
C.W. Post College Bachelor of Science In Accounting Former

Organization Position Status
Comtech Telecommunications Corp. Board of Directors Current

Edwin Kantor has been a director of the Company since 2001. He has been Chairman of BK Financial Services LLC since 2002. Previously he served as Co-Chief Executive Officer of TPB Financial Services and was Co-Chairman and Co-Chief Executive Officer of HCFP/Brenner Securities from 1999 to 2001. He was Vice Chairman of Barington Capital Group from 1993 to 1999. Prior to joining Barington, Mr. Kantor spent 37 years in the securities industry with Drexel Burnham Lambert and its predecessor firms, where he held various positions, including serving as the firm’s Vice Chairman.

Organization Position Status
Comtech Telecommunications Corp. Board of Directors Current
Barington Capital Group LP Vice Chairman Former

Ira Kaplan has been a director of the Company since 2002. He is a private investor. He retired from EDO Corporation in July 2001. Prior to his retirement he held several executive positions at EDO Corporation for over 40 years, most recently as Executive Vice President and Chief Operating Officer from 2000 to 2001. EDO Corporation is a supplier of military and commercial products and services.

Organization Position Status
Comtech Telecommunications Corp. Board of Directors Current
EDO Corporation Chief Operating Officer Former
EDO Corporation Executive Vice President Former

Organization Position Status
Comtech Telecommunications Corp. Board of Directors Current

Richard L. Goldberg has been a director of the Company since 1983. He has been a partner since 1990 in the law firm of Proskauer Rose LLP, which renders legal services to the Company. Prior to 1990, Mr. Goldberg was a partner since 1966 of the firm Botein Hays & Sklar.

Organization Position Status
Comtech Telecommunications Corp. Board of Directors Current
Proskauer Rose Llp partner Former

Organization Position Status
Andrew Corporation Board of Directors Current
Rogers Corporation Board Member Current
Kemet Electronics Corporation Board of Directors Current
Comtech Telecommunications Corp. Board of Directors Current
Andrew Corporation President, Base Station Subsystems Group Former
Stanford University MBA Former
University of Wisconsin-Madison Bachelor of Science Degree In Mechanical Engineering Former
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     CMTL $29.71 +0.11 (0.37% )
Average Volume 302,881
Shares Outstanding 28.24M
Market Cap 839.1M
Year High 50.26
Year Low 19.56
Earnings Per Share 1.73
P/E Ratio 17.17
Dividend N/A
Yield N/A
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