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NORAND CORPORATION MAKES INITIAL PUBLIC OFFERING OF COMMON STOCK

 CEDAR RAPIDS, Iowa, Feb. 2 /PRNewswire/ -- Norand Corporation (NASDAQ-NMS: NRND) announced today that it has commenced an initial public offering of 3.5 million shares of common stock at $15.50 per share through an underwriting group led by Donaldson, Lufkin & Jenrette Securities Corporation; The Robinson-Humphrey Company, Inc.; and William Blair & Company. The company stock will be traded on the NASDAQ National Market System, and its stock symbol is NRND.
 After paying expenses for the offering, proceeds will be used to retire subordinated debentures and outstanding Series A Preferred Stock including accretion and accrued dividends on the Series A Preferred Stock, pay accrued interest on the subordinated debentures, and prepay a portion of the company's bank debt.
 Norand designs, manufactures and markets computerized systems used to automate the collection, processing and communication of information related to product sales and distribution, inventory control and warehouse data management. The systems include wireless data communication networks, application-specific software, hand-held computers, portable printers and related peripheral equipment.
 Copies of the prospectus relating to these securities are available from Donaldson, Lufkin & Jenrette Securities Corporation, 140 Broadway, New York, NY 10005.
 -0- 2/2/93 R
 /CONTACT: Katie Wacker of Norand Corporation, 319-369-3153/
 (NRND)


CO: Norand Corporation ST: Iowa IN: CPR SU: OFR

AL -- MN003 -- 4005 02/08/93 10:32 EST
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Publication:PR Newswire
Date:Feb 8, 1993
Words:216
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