Radyne to explore alternatives

By Lisa Kerner

Charlotte, N.C., Feb. 4 - Radyne Corp. will explore strategic alternatives, including a possible sale of the company, with the assistance of Needham & Co.

No timeframe has been set for concluding the process, and Radyne cannot assure that any transaction will take place.

"The board and management are united in their efforts to diligently explore strategic alternatives and to maximize shareholder value," chief executive officer Myron Wagner said in a company news release.

The company also announced that it expects revenues for 2007 to be between $141 million and $144 million with resulting earnings of between $0.55 and $0.59 per fully diluted share.

Radyne is a communications products company based in Phoenix.

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