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Vytek Corp

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December 24, 2003 | From Bloomberg News
California Amplifier Inc., which makes satellite TV dishes, agreed to purchase Vytek Corp. for $76.8 million in stock and said fourth-quarter per-share profit would at least triple. Its shares rose nearly 40%, the best performance in after-hours U.S. trading. California Amplifier, whose customers include EchoStar Communications Corp. and Hughes Electronics Corp.'s DirecTV, will exchange 8.2 million shares for closely held Vytek.
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