Tomrrow Is Another Day

Published: 2021-06-29 06:59:46
essay essay

Category: Business

Type of paper: Essay

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Byte Products, Inc. is primarily involved in the production of
electronic components that are used in personal computers. Although
such components might be found in a few computers in home use, Byte
components are found most frequently in computers used for
sophisticated business and engineering applications. Annual sales of
these products have been steadliy increasing over the past several
years. Byte products,Inc, currently have total sales of approximately
$265 million, with net earnings last year of $22 million. However,
sales of this volume in the high tech industry are extremely small in
comparison to several other major manufacturers.

From inception in 1983, through 1995, Byte Products, Inc. was
privately held by the family members of the founder, Conrad paulson.
In 1995 Byte Products Inc. went public with an initial public offering
(IPO) of 2,000,000 shares, at $12.00 per share. The family retained
majority ownershipwith 10,000,000 shares. Since 1995 the stock has

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