Tuesday, February 5, 2008

Radyne Looks To Possible Sale

Phoenix, Arizona-based Radyne, a developer of wireless communications products, said Tuesday afternoon that it is looking to possibly sell the company and has hired an investment bank. Radyne said it has retained Needham & Company as its financial advisor to explore strategic alternatives. Radyne is a designer and manufacturer of communications systems used for satellite, microwave, and cable communications networks.