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Technology Stocks : ORFR-ORBIT/FR -- Ignore unavailable to you. Want to Upgrade?


To: Louis Cornell who wrote (412)5/20/1998 2:41:00 PM
From: Mike Winn  Respond to of 475
 
I got the following message while trying to get a stock quote on SI today:

Quotes will not be available today. The satellite Galaxy 4 is spinning out of control and has been since 6pm last evening. The outage has caused pagers, NBC, ABC and other data vendors to lose contact with their data sources.

We have been affected by this outage and it is beyond our control.

We apologize for the inconvenience.

May be they will need some Orbit/FR equipment to troubleshoot the problem :)



To: Louis Cornell who wrote (412)5/21/1998 6:06:00 PM
From: Grantcw  Read Replies (3) | Respond to of 475
 
Louis,

Yet another acquisition. Seems small, but does it seem to you like ORFR has a ton of cash laying around for its size?

HORSHAM, Pa., May 21 /PRNewswire/ -- ORBIT/FR, Inc. (Nasdaq: ORFR), announced today that it has acquired the main assets of Quantum Change/EMC Systems, Inc. ORBIT/FR will use this acquisition to establish a new division responsible for electromagnetic compatibility (EMC) systems. The terms and conditions of the transaction are immaterial, so will not be disclosed.

"Quantum Change/EMC Systems provides hardware-independent software
solutions to the EMC marketplace. The software is flexible and robust and enjoys a good reputation within the EMC community. This added capability will give ORBIT/FR the ability to bring its microwave test and measurement solutions into a growing multi-billion dollar EMC marketplace," stated Aryeh Trabelsi, President and CEO.

Michael J. Hart, founder of Quantum Change/EMC Systems, Inc. has
joined ORBIT/FR and is serving as the General Manager of the Quantum
Change/EMC Systems division.

From 1982 until 1993, Mr. Hart was the President and CEO of EMCO, an
Austin, Texas-based manufacturer of EMC test equipment and accessories. EMCO is now a subsidiary of ESCO Electronics Corporation (NYSE:ESE), St. Louis, Missouri.

"Mike's extensive experience and proven track record will add tremendous value to our team and will better allow us to offer cutting-edge solutions to our customers," stated Aryeh Trabelsi, President and CEO.

Grant