Article: Maxwell Technologies Reports 95 Percent Increase in Net Income Before Acquisition Charge; Company Reports Record Funded Backlog.

SAN DIEGO--(BUSINESS WIRE)--Feb. 22, 1999--Maxwell Technologies Inc. (NMS:MXWL) announced today net income of $3,189,000 or $.32 per share on a diluted basis, before acquisition charges, for the second quarter ended Jan. 31, 1999.

This compares to net income of $1,633,000 or $.18 per share for the quarter ended Jan. 31, 1998, after giving effect to acquisitions. The acquisition charges relate primarily to the company's merger with Space Electronics Inc. (SEi) at the end of January 1999, and include acquisition-related legal fees and a transaction-based fee paid by SEi to consultants which SEi retained to manage the sale of their company. After recognition of the ...

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