Acrodyne (ACRO) is one of two pure plays in the TV Message Board

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Technology Stocks : Acrodyne (ACRO) is one of two pure plays in the TV

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To: Jim Wilke who wrote (807)	11/12/1997 8:42:00 PM
From: Eric Hautala	Read Replies (1) of 1319

Here's what doesn't add up to me... Acrodyne doesn't need the money. Why would someone do this deal if they didn't need the money? I keep on reading this.... +++++++ A. Robert Mancuso, Chairman and CEO of Acrodyne Communications, Inc., commented: ''Our priority is to address the requirements of television broadcasters by supplying innovative and cost-effective solutions in a changing market. This investment will enable us to develop new opportunities in our existing business and acquire complimentary product lines and businesses.'' Mr. Mancuso added: ''This investment also strengthens the Company's balance sheet at a critical juncture in our industry and positions the Company to respond to the needs of its customers in the high power and digital transmission markets. It provides us with the financial stability and resources for growth, as well as a strategic link to financial partners who have been instrumental in the development of a significant number of successful companies in the communications field.'' +++++++ Sounds like acquisition talk to me but $2M only buys you 15% of a microcap (as we now have seen). Combine it with the cash on hand and maybe you could buy a line of products from someone but nothing big. My guess is that this PP is just the commission, they diluted us in order to bring in some bigger players and pay them - that's all, more dilution or stock monkey business is on the way with their acquisitions. What's going here - this sounds too bad to be true. ~

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