Annual Report Form 10-K
    

PART II
ITEM 5: MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED SHAREHOLDER MATTERS

The Company's Common Stock has been publicly traded on the Nasdaq Stock Market since September 28,1994 under the symbol "TESS." The quarterly range of prices per share during fiscal years 2000 and 2001 are as follows:

 

HIGH
LOW
Fiscal 2000    
   First Quarter
$24.38
$21.00
   Second Quarter
22.00
15.50
   Third Quarter
20.50
14.25
   Fourth Quarter
24.00
15.00
Fiscal 2001
 
 
   First Quarter
$24.38
$16.38
   Second Quarter
37.50
23.38
   Third Quarter
26.00
18.00
   Fourth Quarter
22.25
8.13

As of May 4, 2001, the number of shareholders of record of the Company was 55. The Company estimates that the number of beneficial owners as of that date was 2,100.

The Company has never declared or paid any cash dividends on its common stock and does not expect to pay any cash dividends in the foreseeable future. The Company's revolving line of credit agreement prohibits the payment of cash dividends without the prior written consent of the lender.