Judge issues order against Tessco supplier

April 25, 1996|By Michael Dresser | Michael Dresser,SUN STAFF

A Baltimore County judge issued an injunction yesterday against an Illinois manufacturer that tried to cut off its product shipments to Tessco Technologies Inc., a Sparks-based distributor of wireless telephone network equipment.

Circuit Judge Christian M. Kahl ordered Andrew Corp., of Orland Park, Ill., to continue to sell its cable, connectors and other products to Tessco under the terms of a distribution agreement it attempted to terminate. According to Tessco Friday, Andrew gave it 30 days' notice that it intended to end the agreement.

Tessco said in a statement that it would attempt to resolve its differences with Andrew in an amicable manner.

News of the breach sent Tessco stock plummeting Friday, when it lost $4.125 to close at $25.625. Tessco's share price reached a new low for the year Monday when it closed at $24.50, but it has rebounded since then. The stock closed yesterday at $26.625, up 75 cents from Tuesday.

Tessco said Friday that Andrew, whose products accounted for 23 percent of Tessco's fourth-quarter revenue, moved to cut it off after Tessco declined to carry Andrew's products on an exclusive basis.

Pub Date: 4/25/96

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