Skeeter: I hope it's not exit time. I did get a small AIM sell, but I do imagine there's quite a bit more steam. Three great contracts announced this past week and the upgrade yesterday. This looks strong to me, but tell me what you think, please. You're often right.
1. Friday April 24, 12:51 pm Eastern Time
RESEARCH ALERT - Glenayre upgraded
NEW YORK, April 24 (Reuters) - Goldman Sachs said on Friday it raised its rating on shares
of Glenayre Technologies Inc to a trading buy from a market perform.
-- Further details were not immediately available.
-- Shares of Glenayre, which telecommunications equipment and software, were 1-1/16 higher
at 14-15/16 by early afternoon.
2. Wednesday April 22, 6:00 am Eastern Time
Company Press Release
SOURCE: Preferred Networks, Inc.
Preferred Networks Subsidiary, EPS Wireless, Signs Service
Contract With The Wireless Access Group Of Glenayre
DALLAS, April 22 /PRNewswire/ -- EPS Wireless Inc. (EPS), a wholly owned subsidiary of
Preferred Networks, Inc. (Nasdaq: PFNT - news; PNI), announced it has signed a contract with
the Wireless Access Group, a division of Glenayre Technologies, Inc., to provide warranty
pager repair and refurbishment services. This repair services contract establishes EPS as a
certified warranty service provider for the Wireless Access Group's AccessMate(TM) product,
a new word-messaging acknowledgment pager that operates over the ReFLEX(TM) network
and is currently expected to be available in the second quarter of 1998.
EPS has been providing top quality repair services to the wireless industry since 1987. The
Company believes EPS is one of the five largest independent wireless product repair facilities in
the U.S., serving over 800 companies, including nine of the twenty largest paging companies.
EPS offers a full complement of services including repair and refurbishment of pagers, cellular
products, and PCS handsets; pager and cellular product sourcing and sales; inventory
management systems, and product fulfillment.
Preferred Networks, Inc., headquartered in metropolitan Atlanta, provides outsourcing
solutions to the wireless industry, which allow companies to offer branded wireless services
directly to subscribers, while relying on PNI to provide high-quality network, technical, and
product services. PNI offers its services through its wholesale paging networks as one of the
largest carrier's carriers in the U.S., and through its wholly owned subsidiaries: Preferred
Technical Services, Inc., a provider of wireless network equipment installation, maintenance
and engineering services; and EPS Wireless, Inc., a national provider of paging and cellular
product repair services, sales of new, used and refurbished paging and cellular products, and
inventory management services. PNI's address on the World Wide Web is: pni.net.
Glenayre Technologies, Inc. (Nasdaq: GEMS - news), is a leader in developing, manufacturing,
and marketing innovative personal telecommunication products and systems. With over 2,000
employees and products installed in over 100 countries, Glenayre's net sales exceeded $451
million in 1997. Glenayre specializes in complete paging systems, including both one and two
way paging infrastructure, and AccessMate advanced messaging pagers. Glenayre also offers
telecommunication service providers, both wireless and wireline, a suite of enhanced service
products including voice mail, fax messaging, voice- activated dialing, one-number services,
calling card platforms, and communication network administration software. Additionally,
Glenayre provides microwave radio products, hands-on technical training and comprehensive
customer support.
ReFLEX is a trademark of Motorola, Inc. AccessMate is a trademark of Wireless Access, Inc., a
wholly owned subsidiary of Glenayre Technologies, Inc., and all other trademarks or registered
trademarks are the property of their respective owners.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The
statements contained in this release which are not historical facts, such as those concerning
future financial performance and growth, are forward-looking statements that are subject to
risks and uncertainties, including those identified in the Company's December 31, 1997 Report
on Form 10-K and actual results could differ materially from those anticipated in the
forward-looking statements.
SOURCE: Preferred Networks, Inc.
3. Tuesday April 21, 5:51 pm Eastern Time
Company Press Release
SOURCE: Glenayre Technologies Inc.
Glenayre Wins $13.5 Million Contract For Province-Wide
Paging Network In China
CHARLOTTE, N.C., April 21 /PRNewswire/ -- The Posts and Telecommunications Authority
of China's Heilongjiang province has awarded Glenayre Technologies Inc. (Nasdaq: GEMS -
news) a $13.5 million contract for a province-wide high speed 280 MHz paging network.
Under the contract, Glenayre will install FLEX-based infrastructure equipment in 13 cities
across Heilongjiang and will expand coverage in the provincial capital of Harbin, a network
Glenayre built in 1997 for China's nationwide paging network. With approximately 400,000
subscribers, Harbin's paging network is one of the five largest in China.
Glenayre is providing its GL3000 Wireless Messaging Switches, 280 MHz GL- T8000 series
transmitters and GL-C2000 controllers. Since 1990, Glenayre has supplied approximately 300
paging systems throughout China, including eleven provincial networks for MPT's nationwide
backbone high speed paging network.
Glenayre Technologies Inc. is a leader in developing, manufacturing and marketing innovative
personal telecommunication products and systems. With over 2,000 employees and with
products installed in over 100 countries, Glenayre's net sales exceeded $451 million in 1997.
Glenayre specializes in complete paging systems, including both one and two-way paging
infrastructure, and advanced messaging pagers. Glenayre also offers telecommunication service
providers, both mobile and fixed, a suite of enhanced service products including voice mail, fax
messaging, voice-activated dialing, one-number services, calling card platforms and
communication network administration software.
SOURCE: Glenayre Technologies Inc.
4. Tuesday April 21, 5:52 pm Eastern Time
Company Press Release
SOURCE: Glenayre Technologies Inc.
Glenayre Receives $30 Million In Orders For Buildout Of
PageMart's Advanced Messaging System
CHARLOTTE, N.C., April. 21 /PRNewswire/ -- Glenayre Technologies Inc. (Nasdaq: GEMS -
news) today announced receipt of purchase orders totaling $30 million from PageMart Wireless
for Glenayre's NPCS infrastructure. The orders are part of a multi-year volume purchase
agreement for the upgrade and migration of PageMart's nationwide paging network to a
ReFLEX25-based network for advanced messaging and two-way paging services.
Glenayre is providing a simple and cost-effective ReFLEX overlay on PageMart Wireless'
existing FLEX network, which currently includes both Glenayre and Motorola equipment. The
ReFLEX overlay is made possible by Glenayre's migration solution, which is based on its high
performance GL-C2000 control system. The network overlay includes Glenayre's GL-T8500
Transmitters, GL-R9000 Receivers, and GL-C2000 control products, which will be installed in
more than fifty major markets nationwide.
''This project is the first application of Glenayre's ReFLEX migration solution for a nationwide
system,'' said Jim Marion, president of Glenayre's Wireless Messaging Group. ''The migration
capability of Glenayre's infrastructure provides carriers an economical path to the two-way
market and will help accelerate the emergence of two-way networks in North America.''
''Our adoption of Glenayre's migration strategy provides us with a cost- effective and expedient
path to a high capacity word messaging network based on ReFLEX,'' said N. Ross Buckenham,
president of PageMart Wireless.
In addition, PageMart has chosen Glenayre's AccessMate(TM) as one of its advanced messaging
devices for the new messaging service. The latest product offering from Glenayre's Wireless
Access Group, the AccessMate is an alphanumeric text pager capable of supporting a broad
range of functionality from registration only to guaranteed message delivery, to transmitting of
preprogrammed messages. The AccessMate is the world's first ''no compromises'' pager and is
currently the smallest advanced messaging device on the market. The new leading-edge features
of Glenayre's infrastructure combined with the unmatched flexibility of the AccessMate are
expected to give PageMart the ability to offer a wide range of advanced messaging services on a
single platform.
Construction of PageMart's network is underway in a number of US markets. PageMart expects
to introduce its advanced messaging services on a city-by- city basis in the next few months with
nationwide services expected to be available by the end of the year.
PageMart Wireless Inc. is a leading NAFTA and beyond provider of advanced wireless
messaging services. The Dallas-based company provides numeric and word messaging services
in all 50 states, Canada, Mexico, Central America and the Caribbean. PageMart currently serves
over 2.5 million domestic customers via its own 900 MHz nationwide frequencies. In addition,
the company has two nationwide frequencies designated for narrowband personal
communications services (NPCS). The company, which employs over 2,200 people, sells its
products and services through its own direct sales force, strategic alliances, leading U.S.
retailers and selected resellers. For further information, visit PageMart's Web site at
www.pagemart.com.
Glenayre Technologies Inc. is a leader in developing, manufacturing and marketing innovative
personal telecommunication products and systems. With over 2,000 employees and with
products installed in over 100 countries, Glenayre's net sales exceeded $451 million in 1997.
Glenayre specializes in complete paging systems, including both one and two-way paging
infrastructure, and advanced messaging pagers. Glenayre also offers telecommunication service
providers, both mobile and fixed, a suite of enhanced service products including voice mail, fax
messaging, voice-activated dialing, one-number services, calling card platforms and
communication network administration software.
AccessMate is a trademark of Wireless Access, a wholly owned subsidiary of Glenayre
Technologies Inc.
SOURCE: Glenayre Technologies Inc.
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