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Technology Stocks : GenRad Inc.(GEN) entering the ADSL market! -- Ignore unavailable to you. Want to Upgrade?

To: LPasko who wrote (215)	4/3/1998 6:42:00 PM
From: Jack Be Quick	Read Replies (2) \| Respond to of 283

Hello thread, anyone know what to make of this announcement? I've never seen an announcement like this before. It looks like it must mean something - hopefully good<g> - anyone know what?. ==================================== Genrad Cancels Share Repurchase Program April 3, 1998 05:32 PM WESTFORD, Mass.--(BUSINESS WIRE)--April 3, 1998--GenRad, Inc. GEN today announced that its Board of Directors canceled its 2 million share repurchase program announced in May 1997. The Company has not repurchased any shares under this program. James F. Lyons, President and Chief Executive Officer, explained, "As we develop our acquisition plans, we want to retain the flexibility to do either cash or stock transactions and to use pooling of interests accounting." GenRad Background GenRad, Inc. provides electronics OEMs and their customers with the hardware, software, inspection systems and services to optimize design, manufacturing and after-market service productivity through increased yields and lower life cycle costs. GenRad, headquartered in Westford, MA, employs approximately 1,400 people worldwide, of whom 35 percent are applications, software and hardware engineers. GenRad's most current shareholder information is available by visiting our Website at genrad.com or calling our Fax On Demand Service at (800) 469-1261. Statements made in this press release which are not historical, including statements regarding product demonstration, product capabilities and markets are forward looking statements and as such are subject to a number of risks. Please see the Company's 1996 Annual Report or Form 10K and other reports filed pursuant to the Securities Exchange Act of 1934 for additional disclosure regarding such risk factors.