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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?

To: MarieS who wrote (1102)	10/6/1999 2:55:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1250

Wednesday October 6, 2:25 pm Eastern Time ACT Manufacturing to acquire GSS/ARRAY Technology HUDSON, Mass., Oct 6 (Reuters) - Electronics maker ACT Manufacturing Inc. (NasdaqNM:ACTM - news) said Wednesday it had signed an agreement to acquire certain assets of GSS/ ARRAY Technology Inc. of San Jose, Calif., for about $13 million in cash. No one from the company was immediately available to provide more details on the acquisition, which is subject to various closing conditions. GSS/ARRAY is a unit of Thailand-based GSS/ARRAY Technology Public Company Ltd. Also under the deal, ACT would assume on-going relationships with selected GSS/ARRAY U.S. customers. Upon the closing of the acquisition, ACT expects to hire some GSS/ARRAY employees to support this additional operation. Shares of ACT were trading down 1/8 at 27, off a 52-week high of 28-3/16, up from a low of 5-1/8.