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GLENAYRE ELIMINATES POSITIONS

CHARLOTTE, N.C.-Glenayre Technologies Inc. announced it has eliminated another 100 staff
positions, equal to about 5 percent of its employee base. Previous job cuts in October trimmed its work force by 10
percent.

These new cuts occurred in the company’s Vancouver, B.C., Canada, facilities, as well as in Charlotte and
Quincy, Ill., Glenayre said. The measures will result in a $1 million charge for the first quarter, the company added.

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