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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?

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To: Chisy who wrote (3078)4/28/1999 10:45:00 AM
From: Linda Kaplan   of 3431
 
Headline: Glenayre and Vodafone Paging Sign Agreement to Develop Wireless Data
Messaging

======================================================================
CHARLOTTE, N.C., April 28 /PRNewswire/ -- Glenayre Technologies Inc.
(NASDAQ:GEMS) announced today that it has entered into a broad cooperative
agreement with Vodafone Paging Limited, the paging company within Vodafone
Group PLC, aimed at furthering the development of wireless data messaging. As
part of this collaborative effort, the companies will be conducting market-
focus trials aimed at identifying wireless network requirements for new
generation infrastructure and interactive devices.
Specific applications to be tested include wireless valued-added Internet-
based messaging, wireless chat and information services.
"Internet penetration rates in the United Kingdom are among the highest in
Europe," stated Lee Ellison, senior vice president of sales and marketing at
Glenayre. "We are pleased to be working with Vodafone, the leading wireless
operator in the United Kingdom, to address the rapidly growing wireless data
market."
"Glenayre has a wealth of experience in wireless Internet messaging, and
also has an established history for responding to our needs for product
development," said John Smith, managing director of Vodafone Paging Ltd. "We
are delighted to be working with them on this project."
Vodafone Paging, a wholly-owned subsidiary of Vodafone Group Plc, is a
leading paging operator in the UK. The company provides a range of services to
the traditional contract paging market and continues to expand its personal
paging 'Calling Party Pays' business with the Zap! service.
For over 30 years, Glenayre Technologies Inc. has been developing and
providing leading edge personal telecommunication systems, including products
for paging and cellular networks. With over 2,200 employees and with products
installed in 100 countries, Glenayre's net sales exceeded $399 million in
1998. Additional information about Glenayre is available on the company's Web
site at: glenayre.com .

SOURCE Glenayre Technologies Inc.
-0- 04/28/99
/CONTACT: Mark Smalley of Glenayre Technologies Inc.,
Msmalley@glenayre.com, or 704-553-0038/
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 111723/
/Web site: glenayre.com /
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