Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Skeeter Bug who wrote (2273)	11/5/1997 7:03:00 AM
From: Linda Kaplan	Read Replies (2) \| Respond to of 3431

Tuesday November 4 5:57 PM EST Company Press Release Class Action Lawsuit Against Glenayre Technologies Dismissed CHARLOTTE, N.C., Nov. 4 /PRNewswire/ _ Glenayre Technologies Inc. (Nasdaq:GEMS) confirmed today that the class action lawsuit pending against it and certain of its officers and directors in the United States District Court for the Southern District of New York was dismissed. Gary Smith, Glenayre's president and CEO, said, ''We are pleased that this lawsuit has been dismissed. Although the plaintiffs have the opportunity to attempt a refiling, we have contended all along and continue to believe that their claims are totally without merit.'' 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.