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Technology Stocks : Wi-LAN Inc. (T.WIN) -- Ignore unavailable to you. Want to Upgrade?

To: Uptickin who wrote (43)	3/14/1999 12:04:00 PM
From: Uptickin	Read Replies (1) \| Respond to of 16863

For Immediate Release Wi-LAN Inc. Adopts Shareholder Rights Plan Calgary, Alberta (March 12, 1999) --Wi-LAN Inc. today announced that its Board of Directors has adopted a Shareholder Rights Plan. The rights plan addresses the Corporation's concerns that existing Canadian legislation does not allow sufficient time, if a takeover bid is made, for the Board of Directors or the shareholders to properly consider a takeover bid, or to seek alternatives to such a bid. The rights plan is effective immediately. The plan will provide the Board of Directors of the Corporation and the shareholders more time to fully consider any unsolicited take-over bid for the Corporation. It will also allow more time for the Board of Directors to pursue, if appropriate, other alternatives to maximize shareholder value. Shareholders will be asked to confirm the rights plan at the Annual and Special Meeting of the shareholders to be held on April 19, 1999. The rights plan was not adopted in response to, or in anticipation of, any specific effort to acquire control of the Corporation. The rights plan is similar to plans adopted recently by other Canadian companies. About Wi-LAN Inc. Wi-LAN delivers high-speed wireless data communications products that feature consistent high performance, easy installation and superior quality at significantly lower costs than traditional wire-based networking alternatives. Wi-LAN provides infrastructure and high-speed networking equipment for public and private wireless data networks. The company?s Hopper and Hopper Plus products have been sold in more than 30 countries on six continents. Wi-LAN shares trade on the Alberta Stock Exchange under the symbol WIN. Detailed information on Wi-LAN can be found on the Web at wi-lan.com. For more information, please contact: Wanda Posehn Wi-LAN Inc. (403) 273-9133 wandap@wi-lan.com The Alberta Stock Exchange has neither approved nor disapproved the Happy investing, Uptickin