Meade Instruments Reports Second-Quarter Fiscal 2004 Results Business Wire

Steven G. Murdock, president and CEO of Meade Instruments, said: “The Mars opposition had a positive impact on second-quarter results, driving an increase in sales of mid-priced and higher-priced telescopes. These increases, however, were offset by a significant decrease in small telescope sales due, in part, to conservative purchasing patterns by certain of our domestic dealers. Sales at the Simmons subsidiary, acquired in October 2002, came in as expected at approximately $8.0 million for the quarter.

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