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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (80724)	3/1/2000 11:00:00 AM
From: vagabond	Read Replies (1) \| Respond to of 108040

Thanks, re Wi-LAN info -- but I guess this also means it can't be traded online, have to go through a live broker (who handles "foreign" stocks)?... Vagabond

To: puborectalis who wrote (80724)	3/1/2000 2:35:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 108040

Wi-Lan's DTS to buy U.S. telecoms supplier Telcor (All figures in U.S. dollars unless noted) CALGARY, March 1 (Reuters) - A subsidiary of wireless communications firm Wi-Lan Inc. (Toronto:WIN.TO - news), Digital Transmission Systems (OTC BB:DTSX.OB - news), said on Wednesday it would buy Telcor Communications, a private telecom equipment supplier based in Atlanta. Digital Transmission, a telecoms equipment manufacturer, will pay Telcor shareholders $25 million in cash and stock. Shares in Calgary, Alberta-based Wi-Lan hit a record high after the announcement on Wednesday, surging to C$94 on the Toronto Stock Exchange before slipping back to C$86.50, a gain of C$5.00. Digital added 1-21/32 to trade at 12-1/16 in Nasdaq over-the-counter trade. DTS, also based in Atlanta, designs and manufactures components that provide access to high-speed telecommunication networks and monitors them. Its main customers include domestic and international wireless service providers, telephone service providers and private wireless network users. Telcor, a private telecom equipment supplier with about 80 staff, resells new and refurbished telecommunications equipment to service providers. The firms agreed to finalize the merger by March 31, subject to regulatory approval. The deal gives Digital Transmission access to Telcor's sales and market distribution channel to such customers as Ameritech Corp. , Bell Atlantic Corp. (NYSE:BEL - news), and Lucent Technologies Inc. (NYSE:LU - news). Telcor in fiscal 1998 recorded more than $50 million in annual sales with $5 million in net income and more than $7 million in net tangible assets. The deal comes after Wi-Lan took a 51 percent ownership stake in DTS common shares January 7, and DTS licensed Wi-Lan's patented technology on January 31. ``Wi-LAN's investment in DTS was made partly to strengthen our wireless sales channels in the US,' said Wi-Lan Chief Executive and DTS board co-chairman Hatim Zaghloul in a statement. ($1=$1.45 Canadian)