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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (27681)	2/25/2000 2:42:00 PM
From: interesting man	Respond to of 52051

CNLG News! >(COMTEX) B: Conolog Enters Into Preliminary Merger Discussions With V B: Conolog Enters Into Preliminary Merger Discussions With VXI Associates SOMERVILLE, N.J., Feb 25, 2000 (BUSINESS WIRE) -- Conolog Corporation (NASDAQ: CNLG, CNLGW), an engineering and design company that provides digital signal processing solutions (DSP), announced today that it has entered into preliminary discussions for a potential merger with VXI Associates, Inc., of Boonton, New Jersey. VXI Associates is a leading designer, fabricator and integrator of modular interconnect hardware for the cellular and power distribution industries. VXI's product line, which is manufactured to the latest industry standards, is used in cellular, hi-frequency transmission and testing instrumentation, including power distribution modules. VXI Associates is presently in strategic partnerships with Lucent Technologies (NYSE: LU), various telecom companies, and Northrop Grumman (NYSE: NOC) for rack/chassis and distribution and test system integration. Conolog's President, Robert Benou, stated, "VXI's technology and modular designs complement our digital signal processor (DSP) modular standard packaging. This gives us an edge in the fast-growing market for integrated modules that can expand, vertically as well as horizontally, to increase system capacity even in the field." Benou continued, "In the event of a successful merger, the Company estimates that VXI will add over $3.0 million in sales revenues in fiscal 2001. Our goal is to extend the reach of our products and realize further growth and expansion." Conolog Corporation is an engineering and design company primarily engaged in providing engineering and technical personnel, and manufacturing a line of digital signal processing systems (DSP), including transmitters, receivers and multiplexers, under the INIVEN trade name. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, changes in the rates of subscriber acquisition and retention, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: National Financial Network Robert Weiss, 781/444-6100 ext.11 or Conolog Corporation Robert Benou, 908/722-8081 WEB PAGE: businesswire.com GEOGRAPHY: NEW JERSEY INDUSTRY CODE: COMPUTERS/ELECTRONICS INTERNET HARDWARE SOFTWARE E-COMMERCE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *