SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : LEIX Lowrance Electronics a GPS Sleeper?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Leo Francis who wrote (95)9/14/1998 9:26:00 PM
From: Leo Francis  Read Replies (1) of 186
 
Lowrance Retains Chase Securities to Explore
Strategic Alternatives

TULSA, Okla.--(BUSINESS WIRE)--Sept. 14, 1998--Lowrance Electronics Inc. (Nasdaq:LEIX - news) Monday
announced that it has retained Chase Securities Inc., a subsidiary of Chase Manhattan Corp., to assist the company in
evaluating and exploring strategic alternatives to maximize shareholder value.

Darrell Lowrance, chairman and chief executive officer, stated, ''The company has significant opportunities to expand its
leadership position in the recreational sonar market and to enhance its market share in the rapidly growing global positioning
system (GPS) navigational segment. The board has elected to look carefully at a variety of alternatives that will best enable the
company to capitalize upon these opportunities.''

Lowrance Electronics designs and manufactures sonar products and orbital satellite receivers, plotters and mapping systems
using the global positioning system (GPS) under the brand names ''Lowrance,'' ''Eagle'' and ''Sea'' Electronics. These
products are used primarily for sport fishing, hunting, recreational boating and other outdoor applications as well as in general
aviation.

This news release contains ''forward looking statements'' as allowed in the Securities Litigation Reform Act of 1995. The
company believes that these statements are based on reasonable assumptions, however, no assurances can be given that the
projected results will be achieved. Unforeseen factors which are discussed in the company's Securities and Exchange
Commission filings could have a material adverse effect on the company's performance.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News