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Globecomm Systems (GCOM) Is Up Sharply After Strategic Alternative Announcement

Globecomm Systems Inc. (GCOM: Quote) announced after the bell Monday that it has retained Needham & Co. to act as its financial advisor to review potential strategic alternatives to enhance shareholder value.

Globecomm Systems gapped open higher Tuesday and is now up 1.00 at $12.61 in early trade. The stock has broken out of a month and a half long range and has set a 4-month high.

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by RTT Staff Writer

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