Andrew Corp. gets zapped.

Crain's Chicago Business, July, 1997 by Cahill, Joseph B.

Revenues slow and its stock gets pummeled; an '$80-million disappointment' With engines smoking from a year in the corporate fast lane, Andrew Corp. is stopping for repairs. Its growth slowing from 1996's torrid pace and its stock price down by one-third this year, the manufacturer of cable, antennas and other equipment for cellular telephone systems is scaling back - cutting its workforce 7%, exiting ancillary businesses and concentrating on its core segment.

Last year, revenues surged 20% on a wave of orders from customers building new wireless telephone systems called personal communications services (PCS) to compete with established cellular operators. Expected to more than double to $200 million in 1997, PCS orders will come in at only about $120 million,...

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