| x                                                                             | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  |   |
|-------------------------------------------------------------------------------|------------------------------------------------------------------------------------------|--------|
|                                                                          |   For the quarterly period ended December 26, 2010 or                     |   |
| o                                                                             | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |   |
|   For the transition period from        to |
|                                                                          |
| Commission File Number: 0-24746                                          |
| TESSCO Technologies Incorporated                                              |
| (Exact name of registrant as specified in its charter)                        |
|                                                                          |                                                                                     |
| Delaware                                                                      | 52-0729657                                                                               |
| (State or other jurisdiction ofincorporation or organization)                 | (I.R.S EmployerIdentification No.)                                                       |
|                                                                          |                                                                                     |
| 11126 McCormick Road, Hunt Valley, Maryland                                   | 21031                                                                                    |
| (Address of principal executive offices)                                      | (Zip Code)                                                                               |
|                                                                          |
| (410) 229-1000(Registrant’s telephone number, including area code)      |

| Large accelerated filero  | Accelerated filer o    |
|--------------------------------|-----------------------------|
| Non-accelerated filer o        | Smaller reporting company x |

----

Index to Form 10-Q

| Part I  | FINANCIAL INFORMATION |
|---------|-----------------------|
|    |                  |   |
|    | Item 1.               | Financial Statements. |
|    |                  |   |
|    | Item 2.               | Management’s Discussion and Analysis of Financial Condition and Results of Operations. |
|    |                  |   |
|    | Item 3.               | Quantitative and Qualitative Disclosure About Market Risk. |
|    |                  |   |
|    | Item 4.               | Controls and Procedures. |
|    |                  |   |
| Part II | OTHER INFORMATION     |
|    |                  |   |
|    | Item 1.               | Legal Proceedings. |
|    |                  |   |
|    | Item 1A.              | Risk Factors. |
|    |                  |   |
|    | Item 2.               | Unregistered Sales of Equity Securities and Use of Proceeds. |
|    |                  |   |
|    | Item 3.               | Defaults Upon Senior Securities. |
|    |                  |   |
|    | Item 4.               | (Removed and Reserved) |
|    |                  |   |
|    | Item 5.               | Other Information. |
|    |                  |   |
|    | Item 6.               | Exhibits. |
|    |                  |   |
|    | Signatures            |   |
|    |                  |   |

----

Table of Contents

FINANCIAL INFORMATION

| TESSCO Technologies Incorporated                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |             |        |   |          |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|-------------|--------|---------------|--------|
| Consolidated Balance Sheets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |             |        |   |          |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |             |        |   |          |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | December 26,2010 |        |   | March 28,2010 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | (unaudited)      |        |   |          |   |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |             |        |   |          |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |             |        |   |          |   |
| Current assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |             |        |   |          |   |
| Cash and cash equivalents                                                                                                                                                       |   | $                | 7,297,900   |   |          | $      | 7,658,700 |   |
| Trade accounts receivable, net                                                                                                                                                  |   |             | 79,251,500  |   |          |   | 60,675,000 |   |
| Product inventory, net                                                                                                                                                          |   |             | 49,848,500  |   |          |   | 44,991,500 |   |
| Deferred tax assets                                                                                                                                                             |   |             | 4,615,000   |   |          |   | 4,615,000 |   |
| Prepaid expenses and other current assets                                                                                                                                       |   |             | 2,894,000   |   |          |   | 1,597,000 |   |
| Total current assets                                                                                                                                                                                          |   |             | 143,906,900 |   |          |   | 119,537,200 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |             |        |   |          |   |   |   |
| Property and equipment, net                                                                                                                            |   |             | 21,761,100  |   |          |   | 20,679,900 |   |
| Goodwill, net                                                                                                                                          |   |             | 11,684,700  |   |          |   | 9,017,700 |   |
| Other long-term assets                                                                                                                                 |   |             | 1,955,200   |   |          |   | 2,111,900 |   |
| Total assets                                                                                                                                                                                                  |   | $                | 179,307,900 |   |          | $      | 151,346,700 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |             |        |   |          |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |             |        |   |          |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |             |        |   |          |   |   |   |
| Current liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |             |        |   |          |   |   |   |
| Trade accounts payable                                                                                                                                                          |   | $                | 82,132,200  |   |          | $      | 59,548,900 |   |
| Payroll, benefits and taxes                                                                                                                                                     |   |             | 7,528,500   |   |          |   | 8,974,200 |   |
| Income and sales tax liabilities                                                                                                                                                |   |             | 2,960,100   |   |          |   | 2,528,000 |   |
| Accrued expenses and other current liabilities                                                                                                                                  |   |             | 1,501,000   |   |          |   | 1,312,900 |   |
| Current portion of long-term debt                                                                                                                                               |   |             | 3,214,500   |   |          |   | 380,000 |   |
| Total current liabilities                                                                                                                                                                                     |   |             | 97,336,300  |   |          |   | 72,744,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |             |        |   |          |   |   |   |
| Deferred tax liabilities                                                                                                                               |   |             | 3,650,800   |   |          |   | 3,650,800 |   |
| Long-term debt, net of current portion                                                                                                                 |   |             | 200,200     |   |          |   | 3,328,000 |   |
| Other long-term liabilities                                                                                                                            |   |             | 1,535,700   |   |          |   | 1,978,700 |   |
| Total liabilities                                                                                                                                                                                             |   |             | 102,723,000 |   |          |   | 81,701,500 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |             |        |   |          |   |   |   |
| Commitments and Contingencies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |             |        |   |          |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |             |        |   |          |   |   |   |
| Shareholders’ equity:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |             |        |   |          |   |   |   |
| Preferred stock                                                                                                                                                                 |   |             | --          |   |          |   | -- |   |
| Common stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |             | 83,500      |   |          |   | 81,500 |   |
| Additional paid-in capital                                                                                                                                                      |   |             | 38,944,100  |   |          |   | 36,937,700 |   |
| Treasury stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |             | (44,051,900 | )      |          |   | (42,819,400 | ) |
| Retained earnings                                                                                                                                                               |   |             | 81,655,400  |   |          |   | 75,543,000 |   |
| Accumulated other comprehensive loss, net of tax                                                                                                                                |   |             | (46,200     | )      |          |   | (97,600 | ) |
| Total shareholders’ equity                                                                                                                                                                              |   |             | 76,584,900  |   |          |   | 69,645,200 |   |
| Total liabilities and shareholders’ equity                                                                                                                                                              |   | $                | 179,307,900 |   |          | $      | 151,346,700 |   |

----

Table of Contents

| TESSCO Technologies Incorporated            |   |   |   |   |
|---------------------------------------------|--------|--------|--------|--------|
| Unaudited Consolidated Statements of Income |   |   |   |   |
|                                        |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                               |   | Fiscal Quarters Ended |        |   | Nine Months Ended |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|-------------|--------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                                                               |   | December 26,2010      |        |   | December 27,2009  |   |   | December 26,2010 |   |   | December 27,2009 |   |
|                                                                                                                                                                                                                                                                                                                                               |   |                  |        |   |              |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                               |   |                  |        |   |              |   |   |   |   |   |   |   |
| Revenues                                                                       |   | $                     | 167,940,000 |   |              | $      | 149,721,200 |   |   | $ | 474,919,000 |   |   | $ | 391,476,200 |   |
| Cost of goods sold                                                             |   |                  | 134,137,000 |   |              |   | 116,932,800 |   |   |   | 371,996,200 |   |   |   | 298,058,700 |   |
| Gross profit                                                                                            |   |                  | 33,803,000  |   |              |   | 32,788,400 |   |   |   | 102,922,800 |   |   |   | 93,417,500 |   |
| Selling, general and administrative expenses                                                                                                                                                                                                                                                                                                       |   |                  | 29,465,800  |   |              |   | 27,939,700 |   |   |   | 89,581,100 |   |   |   | 81,023,400 |   |
| Income from operations                                                                                  |   |                  | 4,337,200   |   |              |   | 4,848,700 |   |   |   | 13,341,700 |   |   |   | 12,394,100 |   |
| Interest, net                                                                                                                                                                                                                                                                                                                                      |   |                  | 118,900     |   |              |   | 90,600 |   |   |   | 326,500 |   |   |   | 276,200 |   |
| Income before provision for income taxes                                                                                                                                                                                                                                                                                                           |   |                  | 4,218,300   |   |              |   | 4,758,100 |   |   |   | 13,015,200 |   |   |   | 12,117,900 |   |
| Provision for income taxes                                                     |   |                  | 1,257,100   |   |              |   | 1,850,900 |   |   |   | 4,638,800 |   |   |   | 4,706,100 |   |
| Net income                                                                                              |   | $                     | 2,961,200   |   |              | $      | 2,907,200 |   |   | $ | 8,376,400 |   |   | $ | 7,411,800 |   |
| Basic earnings per share                                                       |   | $                     | 0.39        |   |              | $      | 0.39 |   |   | $ | 1.11 |   |   | $ | 1.01 |   |
| Diluted earnings per share                                                     |   | $                     | 0.38        |   |              | $      | 0.37 |   |   | $ | 1.07 |   |   | $ | 0.97 |   |
|                                                                                                                                                                                                                                                                                                                                               |   |                  |        |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Cash dividends declared per common share                                                                                                                                                                                                                                                                                                           |   | $                     | 0.10        |   |              | $      | 0.07 |   |   | $ | 0.30 |   |   | $ | 0.13 |   |

----

Table of Contents

| TESSCO Technologies Incorporated                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |              |        |   |              |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-------------|--------|-------------------|--------|
| Unaudited Consolidated Statements of Cash Flows                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |              |        |   |              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |              |        |   |              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Nine Months Ended |        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | December 26, 2010 |        |   | December 27, 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |              |        |   |              |   |
| Cash flows from operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |              |        |   |              |   |
| Net income                                                                                                                                                            |   | $                 | 8,376,400   |   |              | $      | 7,411,800 |   |
| Adjustments to reconcile net income to net cash provided by operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |              |        |   |              |   |   |   |
| Depreciation and amortization                                                                                                                                                                  |   |              | 3,240,400   |   |              |   | 3,086,000 |   |
| Non-cash stock compensation expense                                                                                                                                                            |   |              | 954,900     |   |              |   | 1,750,600 |   |
| Deferred income taxes and other                                                                                                                                                                |   |              | (281,800    | )      |              |   | 918,800 |   |
| Change in trade accounts receivable                                                                                                                                                            |   |              | (18,576,500 | )      |              |   | (10,510,800 | ) |
| Change in product inventory                                                                                                                                                                    |   |              | (4,857,000  | )      |              |   | (22,291,800 | ) |
| Change in prepaid expenses and other current assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |              | (1,297,000  | )      |              |   | 646,400 |   |
| Change in trade accounts payable                                                                                                                                                               |   |              | 22,768,300  |   |              |   | 26,556,600 |   |
| Change in payroll, benefits and taxes                                                                                                                                                          |   |              | (1,445,700  | )      |              |   | 2,103,400 |   |
| Change in income and sales tax liabilities                                                                                                                                                     |   |              | 432,100     |   |              |   | 1,649,200 |   |
| Change in accrued expenses and other current liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              | 416,400     |   |              |   | 101,800 |   |
| Net cash provided by operating activities                                                                                                                                                      |   |              | 9,730,500   |   |              |   | 11,422,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |              |        |   |              |   |   |   |
| Cash flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |              |        |   |              |   |   |   |
| Purchases of property and equipment                                                                                                                              |   |              | (4,274,700  | )      |              |   | (2,318,400 | ) |
| Additional earn-out payments on acquired businesses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |              | (2,852,000  | )      |              |   | (2,382,000 | ) |
| Net cash used in investing activities                                                                                                                                                     |   |              | (7,126,700  | )      |              |   | (4,700,400 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |              |        |   |              |   |   |   |
| Cash flows from financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |              |        |   |              |   |   |   |
| Payments on long-term debt                                                                                                                                       |   |              | (293,300    | )      |              |   | (278,900 | ) |
| Proceeds from debt issuance                                                                                                                                      |   |              | --          |   |              |   | 250,000 |   |
| Proceeds from issuance of stock                                                                                                                                  |   |              | 73,600      |   |              |   | 57,600 |   |
| Cash dividends paid                                                                                                                                              |   |              | (2,264,000  | )      |              |   | (985,300 | ) |
| Purchases of treasury stock and repurchases of stock from employees and directors for minimum tax withholdings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |              | (1,232,500  | )      |              |   | (484,900 | ) |
| Debt issue costs                                                                                                                                                 |   |              | --          |   |              |   | (175,000 | ) |
| Excess tax benefit (loss) from stock-based compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |              | 751,600     |   |              |   | (194,500 | ) |
| Net cash used in financing activities                                                                                                                                                     |   |              | (2,964,600  | )      |              |   | (1,811,000 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |              |        |   |              |   |   |   |
| Net (decrease) increase in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |              | (360,800    | )      |              |   | 4,910,600 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |              |        |   |              |   |   |   |
| Cash and cash equivalents, beginning of period                                                                                          |   |              | 7,658,700   |   |              |   | 599,800 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |              |        |   |              |   |   |   |
| Cash and cash equivalents, end of period                                                                                                |   | $                 | 7,297,900   |   |              | $      | 5,510,400 |   |

----

Table of Contents

----

Table of Contents

|                                                                                                                                                                                                                                                                                                                                                                                                                |   | Nine Months Ended December 26, 2010 |     |   | Weighted Average Fair Value at Grant Date |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|----------|--------|-------------------------------------------|--------|
| Shares available for issue under outstanding PSUs, non-vested beginning of period                                                                                                                                                                                                                                                                                                                                   |   |                                | 679,627  |   |                                      | $      | 6.75 |   |
| Granted                                                                             |   |                                | 274,500  |   |                                      |   | 16.00 |   |
| Vested                                                                              |   |                                | (238,163 | )      |                                      |   | 7.24 |   |
| Forfeited/cancelled                                                                 |   |                                | (12,375  | )      |                                      |   | 6.47 |   |
| Shares available for issue under outstanding PSUs, non-vested end of period                                                                                                                                                                                                                                                                                                                                         |   |                                | 703,589  |   |                                      | $      | 10.19 |   |

----

Table of Contents

|                                       |   | Shares |    |   | Weighted Average Exercise Price |   |
|--------------------------------------------|--------|--------|---------|--------|---------------------------------|--------|
| Outstanding, beginning of period           |   |   | 180,000 |   |                            | $      | 5.26 |   |
| Granted                                    |   |   | --      |   |                            |   | -- |   |
| Exercised                                  |   |   | --      |   |                            |   | -- |   |
| Cancelled                                  |   |   | --      |   |                            |   | -- |   |
| Outstanding and exercisable, end of period |   |   | 180,000 |   |                            |   | 5.26 |   |

| ·   | Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities. |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, and quoted prices for identical or similar assets or liabilities in markets that are not active. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level 3: Unobservable inputs for the asset or liability that reflect the reporting entity’s own assumptions about the inputs used in pricing the asset or liability. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Balance at December 26, 2010 |   |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|--------|--------|---------------------------------------------------------------|--------|--------|----------------------------------------------|--------|--------|------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                         |   |   |                                                          |   |   |                                         |   |   |                                     |   |
| Liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                         |   |   |                                                          |   |   |                                         |   |   |                                     |   |
|  Interest rate swap agreement, net of tax                                                                                                                                                                                                                                                                                                                                                                                              |   | $                            | 46,200 |   |                                                          | $      | --     |                                         |   | $      | 46,200                                   |   |   | $ | -- |   |
|  Total liabilities at fair value                                                                  |   | $                            | 46,200 |   |                                                          | $      | --     |                                         |   | $      | 46,200                                   |   |   | $ | -- |   |

----

Table of Contents

|                                                          |   | December 26, 2010 |      |   | March 28, 2010 |   |
|---------------------------------------------------------------|--------|-------------------|-----------|--------|----------------|--------|
|                                                          |   | Carrying Amount   |      |   | FairValue      |   |   | Carrying Amount |   |   | FairValue |   |
| Note payable to a Bank                                        |   | $                 | 3,056,300 |   |           | $      | 3,015,000 |   |   | $ | 3,225,000 |   |   | $ | 3,121,000 |   |
| Note payable to the Maryland Economic Development Corporation |   | $                 | 146,700   |   |           | $      | 144,200 |   |   | $ | 253,900 |   |   | $ | 248,100 |   |
| Note payable to Baltimore County                              |   | $                 | 211,700   |   |           | $      | 188,300 |   |   | $ | 229,100 |   |   | $ | 201,900 |   |

|                                                                                                             |   |   |      |
|------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|
| Beginning balance at March 28, 2010 of unrecognized tax benefit                                                  |   | $      | 1,001,600 |   |
| Increases related to prior period tax positions                                                                  |   |   | 47,600    |   |
| Increases related to current period tax positions                                                                |   |   | 82,800    |   |
| Reductions as a result of a lapse in the applicable statute of limitations related to prior period tax positions |   |   | (455,000  | ) |
| Ending balance at December 26, 2010 of unrecognized tax benefits                                                 |   | $      | 677,000   |   |

----

Table of Contents

| Amounts in thousands, except per share amounts                            |   | Fiscal Quarter Ended |   |   | Nine Months Ended |   |
|---------------------------------------------------------------------------|--------|----------------------|--------|--------|-------------------|--------|
|                                                                      |   | December 26, 2010    |   |   | December 27, 2009 |   |   | December 26, 2010 |   |   | December 27, 2009 |   |
| Earnings per share – Basic:                                         |   |                 |   |   |              |   |   |   |   |   |   |   |
| Net earnings                                                              |   | $                    | 2,961  |   |              | $      | 2,907 |   |   | $ | 8,376 |   |   | $ | 7,412 |   |
| Less: Distributed and undistributed earnings allocated to nonvested stock |   |                 | (53    | )      |              |   | (62 | ) |   |   | (150 | ) |   |   | (159 | ) |
| Earnings available to common shareholders – Basic                   |   | $                    | 2,908  |   |              | $      | 2,845 |   |   | $ | 8,226 |   |   | $ | 7,253 |   |
|                                                                      |   |                 |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares outstanding – Basic                  |   |                 | 7,410  |   |              |   | 7,218 |   |   |   | 7,385 |   |   |   | 7,198 |   |
|                                                                      |   |                 |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per common share – Basic                                   |   | $                    | 0.39   |   |              | $      | 0.39 |   |   | $ | 1.11 |   |   | $ | 1.01 |   |
|                                                                      |   |                 |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per share – Diluted:                                       |   |                 |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Net earnings                                                              |   | $                    | 2,961  |   |              | $      | 2,907 |   |   | $ | 8,376 |   |   | $ | 7,412 |   |
| Less: Distributed and undistributed earnings allocated to nonvested stock |   |                 | (51    | )      |              |   | (59 | ) |   |   | (118 | ) |   |   | (154 | ) |
| Earnings available to common shareholders – Diluted                 |   | $                    | 2,910  |   |              | $      | 2,848 |   |   | $ | 8,258 |   |   | $ | 7,258 |   |
|                                                                      |   |                 |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares outstanding – Basic                  |   |                 | 7,410  |   |              |   | 7,218 |   |   |   | 7,385 |   |   |   | 7,198 |   |
| Effect of dilutive options                                                |   |                 | 344    |   |              |   | 432 |   |   |   | 346 |   |   |   | 295 |   |
| Weighted average common shares outstanding – Diluted                |   |                 | 7,754  |   |              |   | 7,650 |   |   |   | 7,731 |   |   |   | 7,493 |   |
|                                                                      |   |                 |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per common share – Diluted                                 |   | $                    | 0.38   |   |              | $      | 0.37 |   |   | $ | 1.07 |   |   | $ | 0.97 |   |
|                                                                      |   |                 |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Anti-dilutive equity awards not included above                            |   |                 | --     |   |              |   | -- |   |   |   | -- |   |   |   | -- |   |

----

Table of Contents

| ·   | Commercial Public Carriers and Network Operators. Public carriers and network operators include systems operators that are generally responsible for building and maintaining the infrastructure system and provide airtime service to individual subscribers. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Commercial Resellers. Resellers include dealers and resellers that sell, install and/or service cellular telephone, wireless networking, broadband and two-way radio communications equipment primarily for the enterprise market, and to a lesser extent, the consumer market. These resellers include local and national value-added resellers and retailers, as well as sales and installation centers operated by cellular and paging carriers. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Commercial Self-Maintained Users and Governments. Self-maintained user (SMU) and government customers include commercial entities such as major utilities and transportation companies, federal agencies and state and local governments. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Consumers. Consumers include customers that buy through any of our affinity partner relationships or directly from our consumer website, YourWirelessSource.comTM. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

| (Amounts in thousands)                                                                                                                                                                                                                                                                                                                                                                                                  |   | Network Infrastructure |   |   | Mobile Devices and Accessories |   |   | Installation, Test and Maintenance |   |   | Total  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|--------|--------|--------------------------------|--------|--------|------------------------------------|--------|--------|--------|--------|
| Fiscal Quarter ended December 26, 2010                                                                                                                                                                                                                                                                                                                                                                                  |   |                   |   |   |                           |   |   |                               |   |   |
| Commercial revenues:                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |   |   |                           |   |   |                               |   |   |   |   |
| Public carriers and network operators                                                                                                                                                                                                                                                                                                                                                                                   |   | $                      | 16,874 |   |                           | $      | 647    |                               |   | $      | 6,024  |   |   | $ | 23,545 |   |
| Resellers                                                                                                        |   |                   | 21,522 |   |                           |   | 87,894 |                               |   |   | 2,113  |   |   |   | 111,529 |   |
| SMUs and governments                                                                                             |   |                   | 19,229 |   |                           |   | 4,051  |                               |   |   | 6,486  |   |   |   | 29,766 |   |
| Total commercial revenues                                                                    |   |                   | 57,625 |   |                           |   | 92,592 |                               |   |   | 14,623 |   |   |   | 164,840 |   |
| Consumer revenues                                                                            |   |                   | --     |   |                           |   | 3,100  |                               |   |   | --     |   |   |   | 3,100 |   |
| Total revenues                                                                               |   | $                      | 57,625 |   |                           | $      | 95,692 |                               |   | $      | 14,623 |   |   | $ | 167,940 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   |   |   |
| Commercial gross profit:                                                                                                                                                                                                                                                                                                                                                                                                |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   |   |   |
| Public carriers and network operators                                                                                                                                                                                                                                                                                                                                                                                   |   | $                      | 4,250  |   |                           | $      | 164    |                               |   | $      | 1,043  |   |   | $ | 5,457 |   |
| Resellers                                                                                                        |   |                   | 6,282  |   |                           |   | 13,023 |                               |   |   | 549    |   |   |   | 19,854 |   |
| SMUs and governments                                                                                             |   |                   | 5,115  |   |                           |   | 1,030  |                               |   |   | 1,255  |   |   |   | 7,400 |   |
| Total commercial gross profit                                                                |   |                   | 15,647 |   |                           |   | 14,217 |                               |   |   | 2,847  |   |   |   | 32,711 |   |
| Consumer gross profit                                                                        |   |                   | --     |   |                           |   | 1,092  |                               |   |   | --     |   |   |   | 1,092 |   |
| Total gross profit                                                                           |   | $                      | 15,647 |   |                           | $      | 15,309 |                               |   | $      | 2,847  |   |   | $ | 33,803 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                                                                                                                                                                                                                                                                                                                                                                            |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   | 29,466 |   |
|  Income from operations                                                                 |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   | 4,337 |   |
| Interest, net                                                                                |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   | 119 |   |
|  Income before provision for income taxes                                                                                                                                                                                                                                                                                                                                                                          |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   | 4,218 |   |
| Provision for income taxes                                                                   |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   | 1,257 |   |
|  Net income                                                                             |   |                   |   |   |                           |   |   |                               |   |   |   |   |   | $ | 2,961 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   |   |   |
| Product inventory                                                                            |   | $                      | 22,890 |   |                           | $      | 24,156 |                               |   | $      | 2,803  |   |   | $ | 49,849 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   |   |   |
| Fiscal Quarter ended December 27, 2009                                                                                                                                                                                                                                                                                                                                                                                  |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |
| Commercial revenues:                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   |   |   |
| Public carriers and network operators                                                                                                                                                                                                                                                                                                                                                                                   |   | $                      | 13,710 |   |                           | $      | 566    |                               |   | $      | 2,884  |   |   | $ | 17,160 |   |
| Resellers                                                                                                        |   |                   | 18,297 |   |                           |   | 78,294 |                               |   |   | 1,694  |   |   |   | 98,285 |   |
| SMUs and governments                                                                                             |   |                   | 17,073 |   |                           |   | 3,624  |                               |   |   | 10,001 |   |   |   | 30,698 |   |
| Total commercial revenues                                                                    |   |                   | 49,080 |   |                           |   | 82,484 |                               |   |   | 14,579 |   |   |   | 146,143 |   |
| Consumer revenues                                                                            |   |                   | --     |   |                           |   | 3,578  |                               |   |   | --     |   |   |   | 3,578 |   |
| Total revenues                                                                               |   | $                      | 49,080 |   |                           | $      | 86,062 |                               |   | $      | 14,579 |   |   | $ | 149,721 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   |   |   |
| Commercial gross profit:                                                                                                                                                                                                                                                                                                                                                                                                |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   |   |   |
| Public carriers and network operators                                                                                                                                                                                                                                                                                                                                                                                   |   | $                      | 3,151  |   |                           | $      | 142    |                               |   | $      | 675    |   |   | $ | 3,968 |   |
| Resellers                                                                                                        |   |                   | 4,733  |   |                           |   | 15,185 |                               |   |   | 385    |   |   |   | 20,303 |   |
| SMUs and governments                                                                                             |   |                   | 4,356  |   |                           |   | 1,024  |                               |   |   | 1,882  |   |   |   | 7,262 |   |
| Total commercial gross profit                                                                |   |                   | 12,240 |   |                           |   | 16,351 |                               |   |   | 2,942  |   |   |   | 31,533 |   |
| Consumer gross profit                                                                        |   |                   | --     |   |                           |   | 1,255  |                               |   |   | --     |   |   |   | 1,255 |   |
| Total gross profit                                                                           |   | $                      | 12,240 |   |                           | $      | 17,606 |                               |   | $      | 2,942  |   |   | $ | 32,788 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                                                                                                                                                                                                                                                                                                                                                                            |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   | 27,939 |   |
|  Income from operations                                                                 |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   | 4,849 |   |
| Interest, net                                                                                |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   | 91 |   |
|  Income before provision for income taxes                                                                                                                                                                                                                                                                                                                                                                          |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   | 4,758 |   |
| Provision for income taxes                                                                   |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   | 1,851 |   |
|  Net income                                                                             |   |                   |   |   |                           |   |   |                               |   |   |   |   |   | $ | 2,907 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |   |   |                           |   |   |                               |   |   |   |   |   |   |   |   |
| Product inventory                                                                            |   | $                      | 23,636 |   |                           | $      | 30,693 |                               |   | $      | 4,503  |   |   | $ | 58,832 |   |

----

Table of Contents

| (Amounts in thousands)                                                                                                                                                                                                                                                                                                                                                                                                  |   | Network Infrastructure |    |   | Mobile Devices and Accessories |   |    | Installation, Test and Maintenance |   |   | Total  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|---------|--------|--------------------------------|--------|---------|------------------------------------|--------|--------|--------|--------|
| Nine Months ended December 26, 2010                                                                                                                                                                                                                                                                                                                                                                                     |   |                   |    |   |                           |   |    |                               |   |   |
| Commercial revenues:                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |    |   |                           |   |    |                               |   |   |   |   |
| Public carriers and network operators                                                                                                                                                                                                                                                                                                                                                                                   |   | $                      | 53,531  |   |                           | $      | 1,808   |                               |   | $      | 13,835 |   |   | $ | 69,174 |   |
| Resellers                                                                                                        |   |                   | 66,878  |   |                           |   | 240,039 |                               |   |   | 5,758  |   |   |   | 312,675 |   |
| SMUs and governments                                                                                             |   |                   | 53,874  |   |                           |   | 12,260  |                               |   |   | 16,276 |   |   |   | 82,410 |   |
| Total commercial revenues                                                                    |   |                   | 174,283 |   |                           |   | 254,107 |                               |   |   | 35,869 |   |   |   | 464,259 |   |
| Consumer revenues                                                                            |   |                   | --      |   |                           |   | 10,660  |                               |   |   | --     |   |   |   | 10,660 |   |
| Total revenues                                                                               |   | $                      | 174,283 |   |                           | $      | 264,767 |                               |   | $      | 35,869 |   |   | $ | 474,919 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   |   |   |
| Commercial gross profit:                                                                                                                                                                                                                                                                                                                                                                                                |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   |   |   |
| Public carriers and network operators                                                                                                                                                                                                                                                                                                                                                                                   |   | $                      | 12,697  |   |                           | $      | 460     |                               |   | $      | 2,686  |   |   | $ | 15,843 |   |
| Resellers                                                                                                        |   |                   | 18,259  |   |                           |   | 41,374  |                               |   |   | 1,506  |   |   |   | 61,139 |   |
| SMUs and governments                                                                                             |   |                   | 14,436  |   |                           |   | 3,232   |                               |   |   | 4,566  |   |   |   | 22,234 |   |
| Total commercial gross profit                                                                |   |                   | 45,392  |   |                           |   | 45,066  |                               |   |   | 8,758  |   |   |   | 99,216 |   |
| Consumer gross profit                                                                        |   |                   | --      |   |                           |   | 3,707   |                               |   |   | --     |   |   |   | 3,707 |   |
| Total gross profit                                                                           |   | $                      | 45,392  |   |                           | $      | 48,773  |                               |   | $      | 8,758  |   |   | $ | 102,923 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                                                                                                                                                                                                                                                                                                                                                                            |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   | 89,581 |   |
|  Income from operations                                                                 |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   | 13,342 |   |
| Interest, net                                                                                |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   | 327 |   |
|  Income before provision for income taxes                                                                                                                                                                                                                                                                                                                                                                          |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   | 13,015 |   |
| Provision for income taxes                                                                   |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   | 4,639 |   |
|  Net income                                                                             |   |                   |    |   |                           |   |    |                               |   |   |   |   |   | $ | 8,376 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   |   |   |
| Product Inventory                                                                            |   | $                      | 22,890  |   |                           | $      | 24,156  |                               |   | $      | 2,803  |   |   | $ | 49,849 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   |   |   |
| Nine Months ended December 27, 2009                                                                                                                                                                                                                                                                                                                                                                                     |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |
| Commercial revenues:                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   |   |   |
| Public carriers and network operators                                                                                                                                                                                                                                                                                                                                                                                   |   | $                      | 38,261  |   |                           | $      | 1,571   |                               |   | $      | 7,902  |   |   | $ | 47,734 |   |
| Resellers                                                                                                        |   |                   | 54,684  |   |                           |   | 188,625 |                               |   |   | 5,520  |   |   |   | 248,829 |   |
| SMUs and governments                                                                                             |   |                   | 42,984  |   |                           |   | 10,347  |                               |   |   | 30,820 |   |   |   | 84,151 |   |
| Total commercial revenues                                                                    |   |                   | 135,929 |   |                           |   | 200,543 |                               |   |   | 44,242 |   |   |   | 380,714 |   |
| Consumer revenues                                                                            |   |                   | --      |   |                           |   | 10,762  |                               |   |   | --     |   |   |   | 10,762 |   |
| Total revenues                                                                               |   | $                      | 135,929 |   |                           | $      | 211,305 |                               |   | $      | 44,242 |   |   | $ | 391,476 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   |   |   |
| Commercial gross profit:                                                                                                                                                                                                                                                                                                                                                                                                |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   |   |   |
| Public carriers and network operators                                                                                                                                                                                                                                                                                                                                                                                   |   | $                      | 9,224   |   |                           | $      | 406     |                               |   | $      | 1,934  |   |   | $ | 11,564 |   |
| Resellers                                                                                                        |   |                   | 15,054  |   |                           |   | 40,912  |                               |   |   | 1,304  |   |   |   | 57,270 |   |
| SMUs and governments                                                                                             |   |                   | 11,704  |   |                           |   | 3,060   |                               |   |   | 6,475  |   |   |   | 21,239 |   |
| Total commercial gross profit                                                                |   |                   | 35,982  |   |                           |   | 44,378  |                               |   |   | 9,713  |   |   |   | 90,073 |   |
| Consumer gross profit                                                                        |   |                   | --      |   |                           |   | 3,344   |                               |   |   | --     |   |   |   | 3,344 |   |
| Total gross profit                                                                           |   | $                      | 35,982  |   |                           | $      | 47,722  |                               |   | $      | 9,713  |   |   | $ | 93,417 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                                                                                                                                                                                                                                                                                                                                                                            |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   | 81,023 |   |
|  Income from operations                                                                 |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   | 12,394 |   |
| Interest, net                                                                                |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   | 276 |   |
|  Income before provision for income taxes                                                                                                                                                                                                                                                                                                                                                                          |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   | 12,118 |   |
| Provision for income taxes                                                                   |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   | 4,706 |   |
|  Net income                                                                             |   |                   |    |   |                           |   |    |                               |   |   |   |   |   | $ | 7,412 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                   |    |   |                           |   |    |                               |   |   |   |   |   |   |   |   |
| Product Inventory                                                                            |   | $                      | 23,636  |   |                           | $      | 30,693  |                               |   | $      | 4,503  |   |   | $ | 58,832 |   |

----

Table of Contents

|                                              |   | Fiscal Quarter Ended |      |   | Nine Months Ended |   |
|---------------------------------------------------|--------|----------------------|-----------|--------|-------------------|--------|
|                                              |   | December 26, 2010    |      |   | December 27, 2009 |   |   | December 26, 2010 |   |   | December 27, 2009 |   |
|                                              |   |                 |      |   |              |   |   |   |   |   |   |   |
| Net Income                                        |   | $                    | 2,961,200 |   |              | $      | 2,907,200 |   |   | $ | 8,376,400 |   |   | $ | 7,411,800 |   |
| Change in value of interest rate swap, net of tax |   |                 | 21,600    |   |              |   | 12,200 |   |   |   | 51,400 |   |   |   | 33,000 |   |
| Total comprehensive income                        |   | $                    | 2,982,800 |   |              | $      | 2,919,400 |   |   | $ | 8,427,800 |   |   | $ | 7,444,800 |   |

----

Table of Contents

----

Table of Contents

Item 2.

----

Table of Contents

|                                                                                                                                                                                                                                                                     |   | Fiscal Quarters Ended |    |   | Nine Months Ended |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|---------|--------|-------------------|--------|
| (Amounts in thousands, except per share data)                                                                                                                                                                                                                            |   | December 26, 2010     |    |   | December 27, 2009 |   |   | $Change |   |   | % Change |   |   | December 26, 2010 |   |   | December 27, 2009 |   |   | $Change |   |   | % Change |   |
| Commercial Revenues                                                                                                                                                                                                                                                      |   |                  |    |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Network Infrastructure:                                                                                                                                                                                                                                                  |   |                  |    |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Public Carriers and Network Operators                                                                                                                                                                                                                                    |   | $                     | 16,874  |   |              | $      | 13,710 |   |   | $ | 3,164 |   |   |   | 23.1 | % |   | $ | 53,531 |   |   | $ | 38,261 |   |   | $ | 15,270 |   |   |   | 39.9 | % |
| Resellers                                                                            |   |                  | 21,522  |   |              |   | 18,297 |   |   |   | 3,225 |   |   |   | 17.6 | % |   |   | 66,878 |   |   |   | 54,684 |   |   |   | 12,194 |   |   |   | 22.3 | % |
| SMUs and Governments                                                                                                                                                                                                                                                     |   |                  | 19,229  |   |              |   | 17,073 |   |   |   | 2,156 |   |   |   | 12.6 | % |   |   | 53,874 |   |   |   | 42,984 |   |   |   | 10,890 |   |   |   | 25.3 | % |
| Total Network Infrastructure                                                                                                                                                                                                                                             |   |                  | 57,625  |   |              |   | 49,080 |   |   |   | 8,545 |   |   |   | 17.4 | % |   |   | 174,283 |   |   |   | 135,929 |   |   |   | 38,354 |   |   |   | 28.2 | % |
| Mobile Devices and Accessories:                                                                                                                                                                                                                                          |   |                  |    |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Public Carriers and Network Operators                                                                                                                                                                                                                                    |   |                  | 647     |   |              |   | 566 |   |   |   | 81 |   |   |   | 14.3 | % |   |   | 1,808 |   |   |   | 1,571 |   |   |   | 237 |   |   |   | 15.1 | % |
| Resellers                                                                            |   |                  | 87,894  |   |              |   | 78,294 |   |   |   | 9,600 |   |   |   | 12.3 | % |   |   | 240,039 |   |   |   | 188,625 |   |   |   | 51,414 |   |   |   | 27.3 | % |
| SMUs and Governments                                                                                                                                                                                                                                                     |   |                  | 4,051   |   |              |   | 3,624 |   |   |   | 427 |   |   |   | 11.8 | % |   |   | 12,260 |   |   |   | 10,347 |   |   |   | 1,913 |   |   |   | 18.5 | % |
| Total Mobile Devices and Accessories                                                                                                                                                                                                                                     |   |                  | 92,592  |   |              |   | 82,484 |   |   |   | 10,108 |   |   |   | 12.3 | % |   |   | 254,107 |   |   |   | 200,543 |   |   |   | 53,564 |   |   |   | 26.7 | % |
| Installation, Test and Maintenance:                                                                                                                                                                                                                                      |   |                  |    |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Public Carriers and Network Operators                                                                                                                                                                                                                                    |   |                  | 6,024   |   |              |   | 2,884 |   |   |   | 3,140 |   |   |   | 108.9 | % |   |   | 13,835 |   |   |   | 7,902 |   |   |   | 5,933 |   |   |   | 75.1 | % |
| Resellers                                                                            |   |                  | 2,113   |   |              |   | 1,694 |   |   |   | 419 |   |   |   | 24.7 | % |   |   | 5,758 |   |   |   | 5,520 |   |   |   | 238 |   |   |   | 4.3 | % |
| SMUs and Governments                                                                                                                                                                                                                                                     |   |                  | 6,486   |   |              |   | 10,001 |   |   |   | (3,515 | ) |   |   | (35.1 | %) |   |   | 16,276 |   |   |   | 30,820 |   |   |   | (14,544 | ) |   |   | (47.2 | %) |
|    Total Installation, Test and Maintenance                                                                                                                                                                                                                    |   |                  | 14,623  |   |              |   | 14,579 |   |   |   | 44 |   |   |   | 0.3 | % |   |   | 35,869 |   |   |   | 44,242 |   |   |   | (8,373 | ) |   |   | (18.9 | %) |
| Total Commercial Revenues                                                                                                                                                                                                                                                |   |                  | 164,840 |   |              |   | 146,143 |   |   |   | 18,697 |   |   |   | 12.8 | % |   |   | 464,259 |   |   |   | 380,714 |   |   |   | 83,545 |   |   |   | 21.9 | % |
| Consumer Revenues - Mobile Devices and Accessories                                                                                                                                                                                                                       |   |                  | 3,100   |   |              |   | 3,578 |   |   |   | (478 | ) |   |   | (13.4 | %) |   |   | 10,660 |   |   |   | 10,762 |   |   |   | (102 | ) |   |   | (0.9 | %) |
| Total Revenues                                              |   | $                     | 167,940 |   |              | $      | 149,721 |   |   | $ | 18,219 |   |   |   | 12.2 | % |   | $ | 474,919 |   |   | $ | 391,476 |   |   | $ | 83,443 |   |   |   | 21.3 | % |
|                                                                                                                                                                                                                                                                     |   |                  |    |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial Gross Profit                                                                                                                                                                                                                                                  |   |                  |    |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Network Infrastructure:                                                                                                                                                                                                                                                  |   |                  |    |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Public Carriers and Network Operators                                                                                                                                                                                                                                    |   | $                     | 4,250   |   |              | $      | 3,151 |   |   | $ | 1,099 |   |   |   | 34.9 | % |   | $ | 12,697 |   |   | $ | 9,224 |   |   | $ | 3,473 |   |   |   | 37.7 | % |
| Resellers                                                                            |   |                  | 6,282   |   |              |   | 4,733 |   |   |   | 1,549 |   |   |   | 32.7 | % |   |   | 18,259 |   |   |   | 15,054 |   |   |   | 3,205 |   |   |   | 21.3 | % |
| SMUs and Governments                                                                                                                                                                                                                                                     |   |                  | 5,115   |   |              |   | 4,356 |   |   |   | 759 |   |   |   | 17.4 | % |   |   | 14,436 |   |   |   | 11,704 |   |   |   | 2,732 |   |   |   | 23.3 | % |
| Total Network Infrastructure                                                                                                                                                                                                                                             |   |                  | 15,647  |   |              |   | 12,240 |   |   |   | 3,407 |   |   |   | 27.8 | % |   |   | 45,392 |   |   |   | 35,982 |   |   |   | 9,410 |   |   |   | 26.2 | % |
| Mobile Devices and Accessories:                                                                                                                                                                                                                                          |   |                  |    |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Public Carriers and Network Operators                                                                                                                                                                                                                                    |   |                  | 164     |   |              |   | 142 |   |   |   | 22 |   |   |   | 15.5 | % |   |   | 460 |   |   |   | 406 |   |   |   | 54 |   |   |   | 13.3 | % |
| Resellers                                                                            |   |                  | 13,023  |   |              |   | 15,185 |   |   |   | (2,162 | ) |   |   | (14.2 | %) |   |   | 41,374 |   |   |   | 40,912 |   |   |   | 462 |   |   |   | 1.1 | % |
| SMUs and Governments                                                                                                                                                                                                                                                     |   |                  | 1,030   |   |              |   | 1,024 |   |   |   | 6 |   |   |   | 0.6 | % |   |   | 3,232 |   |   |   | 3,060 |   |   |   | 172 |   |   |   | 5.6 | % |
| Total Mobile Devices and Accessories                                                                                                                                                                                                                                     |   |                  | 14,217  |   |              |   | 16,351 |   |   |   | (2,134 | ) |   |   | (13.1 | %) |   |   | 45,066 |   |   |   | 44,378 |   |   |   | 688 |   |   |   | 1.6 | % |
| Installation, Test and Maintenance:                                                                                                                                                                                                                                      |   |                  |    |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Public Carriers and Network Operators                                                                                                                                                                                                                                    |   |                  | 1,043   |   |              |   | 675 |   |   |   | 368 |   |   |   | 54.5 | % |   |   | 2,686 |   |   |   | 1,934 |   |   |   | 752 |   |   |   | 38.9 | % |
| Resellers                                                                            |   |                  | 549     |   |              |   | 385 |   |   |   | 164 |   |   |   | 42.6 | % |   |   | 1,506 |   |   |   | 1,304 |   |   |   | 202 |   |   |   | 15.5 | % |
| SMUs and Governments                                                                                                                                                                                                                                                     |   |                  | 1,255   |   |              |   | 1,882 |   |   |   | (627 | ) |   |   | (33.3 | %) |   |   | 4,566 |   |   |   | 6,475 |   |   |   | (1,909 | ) |   |   | (29.5 | %) |
| Total Installation, Test and Maintenance                                                                                                                                                                                                                                 |   |                  | 2,847   |   |              |   | 2,942 |   |   |   | (95 | ) |   |   | (3.2 | %) |   |   | 8,758 |   |   |   | 9,713 |   |   |   | (955 | ) |   |   | (9.8 | %) |
| Total Commercial Gross Profit                                                                                                                                                                                                                                            |   |                  | 32,711  |   |              |   | 31,533 |   |   |   | 1,178 |   |   |   | 3.7 | % |   |   | 99,216 |   |   |   | 90,073 |   |   |   | 9,143 |   |   |   | 10.2 | % |
| Consumer Gross Profit - Mobile Devices and Accessories                                                                                                                                                                                                                   |   |                  | 1,092   |   |              |   | 1,255 |   |   |   | (163 | ) |   |   | (13.0 | %) |   |   | 3,707 |   |   |   | 3,344 |   |   |   | 363 |   |   |   | 10.9 | % |
| Total Gross Profit                                          |   |                  | 33,803  |   |              |   | 32,788 |   |   |   | 1,015 |   |   |   | 3.1 | % |   |   | 102,923 |   |   |   | 93,417 |   |   |   | 9,506 |   |   |   | 10.2 | % |
| Selling, general and administrative expenses                                                                                                                                                                                                                             |   |                  | 29,466  |   |              |   | 27,939 |   |   |   | 1,527 |   |   |   | 5.5 | % |   |   | 89,581 |   |   |   | 81,023 |   |   |   | 8,558 |   |   |   | 10.6 | % |
| Income from operations                                                                                                                                                                                                                                                   |   |                  | 4,337   |   |              |   | 4,849 |   |   |   | (512 | ) |   |   | (10.6 | %) |   |   | 13,342 |   |   |   | 12,394 |   |   |   | 948 |   |   |   | 7.6 | % |
| Interest, net                                               |   |                  | 119     |   |              |   | 91 |   |   |   | 28 |   |   |   | 30.8 | % |   |   | 327 |   |   |   | 276 |   |   |   | 51 |   |   |   | 18.5 | % |
| Income before provision for income taxes                                                                                                                                                                                                                                 |   |                  | 4,218   |   |              |   | 4,758 |   |   |   | (540 | ) |   |   | (11.3 | %) |   |   | 13,015 |   |   |   | 12,118 |   |   |   | 897 |   |   |   | 7.4 | % |
| Provision for income taxes                                                                                                                                                                                                                                               |   |                  | 1,257   |   |              |   | 1,851 |   |   |   | (594 | ) |   |   | (32.1 | %) |   |   | 4,639 |   |   |   | 4,706 |   |   |   | (67 | ) |   |   | (1.4 | %) |
| Net income                                                                 |   | $                     | 2,961   |   |              | $      | 2,907 |   |   | $ | 54 |   |   |   | 1.9 | % |   | $ | 8,376 |   |   | $ | 7,412 |   |   | $ | 964 |   |   |   | 13.0 | % |
| Diluted earnings per share                                                                                                                                                                                                                                               |   | $                     | 0.38    |   |              | $      | 0.37 |   |   | $ | 0.01 |   |   |   | 2.7 | % |   | $ | 1.07 |   |   | $ | 0.97 |   |   | $ | 0.10 |   |   |   | 10.3 | % |

----

Table of Contents

----

Table of Contents

----

Table of Contents

----

Table of Contents

|                                                 |   | Nine Months Ended |       |
|------------------------------------------------------|--------|-------------------|------------|
|                                                 |   | December 26, 2010 |       |   | December 27, 2009 |   |
| Cash flows provided by operating activities          |   | $                 | 9,730,500  |   |   | $ | 11,422,000 |   |
| Cash flows used in investing activities              |   |              | (7,126,700 | ) |   |   | (4,700,400 | ) |
| Cash flows used in financing activities              |   |              | (2,964,600 | ) |   |   | (1,811,000 | ) |
| Net (decrease) increase in cash and cash equivalents |   | $                 | (360,800   | ) |   | $ | 4,910,600 |   |

----

Table of Contents

----

Table of Contents

----

Table of Contents

Item 3

Item 4.

----

Table of Contents

OTHER INFORMATION

Item 1. Legal Proceedings

Item 1A. Risk Factors

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Item 3. Defaults Upon Senior Securities

Item 4. (Removed and Reserved)

----

Table of Contents

Item 5. Other Information

Item 6. Exhibits.

| (a)   | Exhibits: |
|-----------------|-----------|

|  3.1 |   | Fifth Amended and Restated Bylaws of the Registrant (incorporated by reference to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on January 21, 2011). |
|-----------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1.1    |   | Rule 15d-14(a) Certification of Robert B. Barnhill, Jr., Chief Executive Officer (filed herewith).                                                                                                        |
| 31.2.1    |   | Rule 15d-14(a) Certification of David M. Young, Chief Financial Officer (filed herewith).                                                                                                                 |
| 32.1.1    |   | Section 1350 Certification of Robert B. Barnhill, Jr., Chief Executive Officer (filed herewith).                                                                                                          |
| 32.2.1    |   | Section 1350 Certification of David M. Young, Chief Financial Officer (filed herewith).                                                                                                                   |

----

Table of Contents

Signature

|   |             |  TESSCO Technologies Incorporated |
|--------|------------------|----------------------------------------|
|   |             |                                   |   |
| Date:  | February 4, 2011 |  By:                              | /s/ David M. Young |
|   |             |                                   | David M. Young |
|   |             |                                   | Chief Financial Officer |
|   |             |                                   | (principal financial and accounting officer) |

----