Filtronic plc In Talks to Sell Wireless Infrastructure Businesses

Filtronic plc of London reported Friday that it is in talks to sell its wireless
infrastructure businesses to US group, Powerwave Technologies Inc. Specifically
the exclusive talks are to sell the transmit and receive module and power amplifier
businesses to the US company, according to an article
by Reuters news service. The company however indicated that the sale
was still uncertain. In January company CEO, John Roulston quit. A company spokesman
told Reuters that Filtronic had not yet found a new CEO. Sales of the company
stock which had gone down 25 percent since January, reportedly rose 15 percent
as of London