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Technology Stocks : Acrodyne (ACRO) is one of two pure plays in the TV -- Ignore unavailable to you. Want to Upgrade?

To: Karl Drobnic who wrote (1272)	3/18/2000 6:16:00 PM
From: Mel Spivak	Read Replies (1) \| Respond to of 1319

ACRO CFO leaves. One wonders whether he is leaving a sinking ship or what. The full Release implies otherwise: Acrodyne Industries, Inc. Announces Resignation of Chief Financial Officer BLUE BELL, Pa.--(BUSINESS WIRE)--March 17, 2000--Effective today, Ronald R. Lanchoney will resign his position as Chief Financial Officer of Acrodyne Industries, Inc., the operating subsidiary of Acrodyne Communications, Inc. of Blue Bell, PA (ACRO:Nasdaq). In his resignation letter to A. Robert Mancuso, President and CEO, Mr. Lanchoney indicates that he will ``pursue other personal interests'. Mr. Lanchoney further states, ``We have accomplished a great deal for the company and its shareholders. Our banking relationships are as strong as ever. The financial structure of the company, through the support of Sinclair, is strong and the workforce in place is capable of raising the company to the world-class status we all want. The planned move to the new sight in Oaks, PA will provide the capacity for the new 'Quantum' series product line. The Rohde & Schwarz relationship will provide the full product offering and solid-state enhancements that are needed to make Acrodyne an industry leader in the very near future.' Mr. Lanchoney also states ``I continue to be very supportive of the efforts of Acrodyne and Sinclair and feel confident that the company's shareholders will profit from the growth in the television transmission industry and the leadership of both the Acrodyne and Sinclair organizations.' ``The company owes a great deal to Mr. Lanchoney for his efforts and guidance through the recent transition and we wish him well in his future pursuits.' comments A. Robert Mancuso, President and CEO of Acrodyne. ``Ron has prepared his department for this eventuality and, therefore, all department functions can now be consolidated into the office of Controller.' Acrodyne Industries, Inc., the operating subsidiary of Acrodyne Communications, Inc., and a publicly traded company (NASDAQ:ACRO - news) has been an established and respected manufacturer of television broadcast equipment for over three decades. Acrodyne is a leading producer of technically advanced, high quality television transmitters. This press release contains ``forward-looking statements' concerning future expectation, plans or strategies that involve a number of risks and uncertainties. The Company wishes to caution readers that certain factors may have affected the Company's actual results and could cause results for subsequent periods to differ materially from those expressed in any forward-looking statements to reflect subsequently occurring events or circumstances. Contact: Acrodyne Industries, Inc., Blue Bell Ellen J. Rainey, 215/542-7000, ext. 137