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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play? -- Ignore unavailable to you. Want to Upgrade?

To: Glass House who wrote (2189)	10/22/1997 9:01:00 PM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 3431

Wednesday October 22 7:09 PM EDT Company Press Release Glenayre Receives $16 Million Contract for High Speed Paging Network in Heilongjiang, China CHARLOTTE, N.C., Oct. 22 /PRNewswire/ -- Glenayre Technologies Inc. (Nasdaq:GEMS) announced today that it signed a $16.2 million contract for a province-wide high speed paging network with the Posts and Telecommunications Authority of China's Heilongjiang province. This contract was formally signed today in Harbin, the capital of Heilongjiang province, and further expands Heilongjiang's large Glenayre supplied paging network. Glenayre will install its advanced paging and messaging infrastructure, including multiple GL3000 Wireless Messaging Switches, over 500 VHF high speed transmitters equipped with GL-C2000 controllers, as well as advanced networking and management equipment. Installation of this phase will begin in November. ''This contract further demonstrates Glenayre's high speed paging infrastructure leadership in China, and the Heilongjiang contract represents the largest provincial order received to date,'' said Lee Ellison, Glenayre's senior vice president of global operations. Since 1990, Glenayre has supplied more than 350 paging systems in thirteen provinces throughout China, including eleven provincial networks for China's nationwide high speed paging network. Glenayre Technologies Inc. is a worldwide provider of telecommunications equipment and related software used by leading personal communications service providers. The company specializes in paging, cellular, voice processing, mobile data, point-to-point wireless interconnect and communications network administration products and systems. Glenayre's net sales exceeded $390 million in 1996 and the company employs approximately 2,100 people worldwide. SOURCE Glenayre Technologies Inc. More news for referenced ticker symbols: GEMS, and related industries: computer.