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Technology Stocks : LEIX Lowrance Electronics a GPS Sleeper? -- Ignore unavailable to you. Want to Upgrade?

To: Leo Francis who wrote (95)	9/14/1998 9:26:00 PM
From: Leo Francis	Read Replies (1) \| Respond to of 186

Lowrance Retains Chase Securities to Explore Strategic Alternatives TULSA, Okla.--(BUSINESS WIRE)--Sept. 14, 1998--Lowrance Electronics Inc. (Nasdaq:LEIX - news) Monday announced that it has retained Chase Securities Inc., a subsidiary of Chase Manhattan Corp., to assist the company in evaluating and exploring strategic alternatives to maximize shareholder value. Darrell Lowrance, chairman and chief executive officer, stated, ''The company has significant opportunities to expand its leadership position in the recreational sonar market and to enhance its market share in the rapidly growing global positioning system (GPS) navigational segment. The board has elected to look carefully at a variety of alternatives that will best enable the company to capitalize upon these opportunities.'' Lowrance Electronics designs and manufactures sonar products and orbital satellite receivers, plotters and mapping systems using the global positioning system (GPS) under the brand names ''Lowrance,'' ''Eagle'' and ''Sea'' Electronics. These products are used primarily for sport fishing, hunting, recreational boating and other outdoor applications as well as in general aviation. This news release contains ''forward looking statements'' as allowed in the Securities Litigation Reform Act of 1995. The company believes that these statements are based on reasonable assumptions, however, no assurances can be given that the projected results will be achieved. Unforeseen factors which are discussed in the company's Securities and Exchange Commission filings could have a material adverse effect on the company's performance.