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Technology Stocks : ReSound, will it helkp us hear better ?

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To: Toni Wheeler who wrote (37)5/7/1999 11:47:00 AM
From: Moonray  Read Replies (1) of 44
 
NASDAQ HALT - Resound Corp <RSND.O> news pending

last sale 6-1/2

REUTERS

Rtr 11:29 05-07-99
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RESOUND <RSND.O> SAYS IN TALKS OVER "BUSINESS
COMBINATION" AT PRICE $8.00/SHR

REUTERS

Rtr 11:31 05-07-99
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ReSound Corporation in Discussions
Business Editors/Medical & Health Writers

REDWOOD CITY, Calif.--(BW HealthWire)--May 7, 1999--ReSound
Corporation (NASDAQ:RSND) today confirmed that it is in discussions
with another party concerning a possible business combination
involving the two companies at a price of $8.00 per share. ReSound
stated that it could provide no assurance that a transaction will be
consummated and that it does not intend to comment further on any
potential transaction until either a definitive agreement is approved
by both companies' boards of directors or discussions are terminated.

ReSound Corporation is a hearing health care company that designs,
develops, manufactures and markets technologically advanced hearing
devices throughout the world.

CONTACT: ReSound Corporation
Kathy Call, 650/261-6932
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