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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?

To: BMcV who wrote (963)	5/10/1999 5:19:00 PM
From: Rob Preuss	Respond to of 1250

Monday May 10, 4:08 pm Eastern Time NASDAQ HALT - ACT Manufacturing news pending, last sale 15-3/8 Monday May 10, 4:26 pm Eastern Time Act Manufacturing Says to Merge With Cmc Industries

To: BMcV who wrote (963)	5/10/1999 5:28:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1250

CMC Announces Merger & Preliminary Q3 Results. Monday May 10, 4:49 pm Eastern Time Company Press Release SOURCE: CMC Industries, Inc. CMC Industries, Inc. Announces Merger and Preliminary Third Quarter Results SANTA CLARA, Calif., May 10 /PRNewswire/ -- CMC Industries, Inc. (Nasdaq: CMCI - news) and ACT Manufacturing, Inc. (Nasdaq: ACTM - news) today announced that the two companies have entered into a definitive merger agreement. Under the terms agreement, each share of CMC Industries common stock would be exchanged for 0.5 shares of ACT Manufacturing common stock. CMC also announced that based upon preliminary results the Company expects to report revenue of between $57 and $60 million and a net loss per share of between $.06 and $.08 for its Fiscal Third Quarter ended April 30, 1999. The lower than expected revenues were due primarily to delays in the start-up of certain new programs during the quarter. Headquartered in Santa Clara, Calif., CMC Industries is a leading provider of electronics manufacturing services to original equipment manufacturers in the telecommunications, computer and electronics industries. The Company has operations in Corinth, Miss.; Santa Clara, Calif.; Hermosillo, Mexico; Huntsville, Ala. and Taipei, Taiwan. For further information, visit CMC'S home page at cmcmfg.com. The matters set forth in thus news release may contain forward looking statements. Actual results may differ materially from those described herein and are dependent on certain risks and uncertainties including, but not limited to, the timing and magnitude of orders and growth in orders from customers already in volume production, the ability of the Company to accurately forecast the timing and magnitude of future customer orders and appropriately adjust its expenditures in respect thereof, changes in customer mix and volume, competition, component availability, inventory obsolescence, business conditions in the general economy as well as the industries in which the Company and the Company's customers compete and other risk factors such as those detailed in the Company's filings with the Securities and Exchange Commission. SOURCE: CMC Industries, Inc.