The board of directors at Wegener Corp., provider of digital systems for IP data, video and audio, unanimously rejected Radyne ComStream's $1.55 per share cash "unsolicited hostile offer" for all outstanding shares of its common stock, saying it was "grossly inadequate and unfair" to Wegener's stockholders. Ultimately

Radyne Corp. board of directors has elected Carl Myron Wagner president and CEO. Wagner succeeds Robert C. Fitting who retired Aug. 31. Fitting has agreed to remain on the board. Wagner comes to Radyne from General Dynamics where he served as vice president and director of engineering for the Space and National Syst

The Phoenix, Ariz.-based company said a sale is one of a number of “strategic alternatives” it is looking at.

Just last week, Wegener Corporation's board of directors shut out Radyne ComStream's "grossly inadequate" bid of $1.55 per share for the company, noting that now was not the time to sell the company. However, a tenacious Radyne ComStream said this week that it would raise its bid for Wegener by $1.05 million (to $1.635

The evaluation process is already underway and Radyne has had discussions with potential suitors, the publicly traded company said; however it has not set a timeframe for concluding the process.

Radyne announced last week that its Tiernan and Xicom Technology subsidiaries had received an order from a major satellite integrator in Brazil for HDTV and SDTV encoders and high-power amplifiers for use in satellite newsgathering trucks. The order is valued at over $1 million. Bob Fitting, Radyne's CEO, said, "This

Radyne Corp. has received repeat orders for more than $6.7 million for Ka-band power amplifiers and DM-240 satellite modulators.

Don't be surprised if Harris changes the name of its Broadcast Communications Division soon.