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Technology Stocks : Teltrend TLTN

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To: glenn s. turner who wrote (202)3/3/1998 10:34:00 PM
From: Stanley Cowen  Read Replies (1) of 215
 
TLTN to repurchase up to $8Million in shares. Company believes stock is undervalued (after the close). Hope this helps
Stan

Company Press Release

Teltrend Inc. Announces Stock Repurchase Plan

ST. CHARLES, Ill.--(BUSINESS WIRE)--March 3, 1998--Teltrend Inc. (Nasdaq:TLTN - news) today
announced a plan to purchase up to a maximum of $8,000,000 worth of the Company's common stock.
Purchases will be made from time to time in the open market subject to the requirements of applicable
laws. The Company said this action reflects its belief that the stock is undervalued.

Teltrend Inc., based in suburban Chicago, designs, manufactures and markets a broad range of local
loop provisioning products used by telephone companies to provide voice and data services over the
telephone network. The Company's products are sold to the Regional Bell Operating Companies, GTE,
Sprint, and other U.S. and International telephone companies. Teltrend's World Wide Web address is
teltrend.com.

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