August 19, 2009 (FinancialWire) — Comtech Telecommunications Corp. (NASDAQ: CMTL) has sold, for approximately $2.0 million, certain assets and liabilities relating to its Tiernan-branded video encoder and decoder product lines.

In addition, the company announced that it will no longer market certain fiberglass antenna products to commercial broadcast customers. In connection with both of these actions, the company will record a pre-tax charge to earnings in the fourth quarter of fiscal 2009.

Fred Kornberg, president and chief executive officer, stated, “As fiscal 2009 came to a close, we initiated these actions to further focus our efforts on product lines in which we have clear market-leadership positions. We look forward to the release of our fourth quarter and full-year fiscal 2009 results and we continue to be optimistic that fiscal 2010 will be a year of strong revenue and EPS growth for Comtech.”

The company anticipates reporting its fourth quarter and year-end results in the third week of September and will, at that time, provide further information concerning the anticipated cost-reduction benefits of these product line actions.

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