Printer Friendly
The Free Library
14,635,740 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

[0] PLX Technology Bolsters Japan Presence With New Office in Yokohama City.


Business Editors/High-Tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--June 18, 2001

PLX PLX Pharmacy, Laboratory, and Radiology (X-Ray)
PLX Power Line Exchange
 Boosts Support for Telecom, Networking, Imaging and

Industrial Control Systems Makers in Fast-Growing Region

PLX Technology PLX Technology, Inc., PLX Technology, Inc. (NASDAQ:PLXT) is based in Sunnyvale, California, USA, and is currently the world’s leading supplier of PCI Express and other standard I/O interconnect semiconductors to the communications, server, storage, embedded-control, and , Inc., a leading Silicon Valley-based maker of semiconductors and development tools for communications- and computer-equipment makers worldwide, today announced the formation of PLX Technology Japan KK. Situated in the high-technology center of Yokohama City, PLX Technology Japan KK is a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of PLX Technology, established to support PLX(R) customers throughout Japan and provide them with sales, support and applications expertise. The facility will accommodate an initial staff of five and include offices, conference and training rooms and an applications lab.

PLX has long had a presence in Japan, dating back to its founding in the mid-1980s. The company's customer base in Japan includes some of the foremost names in imaging, industrial control, telecommunications, data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another.  and networking: Densan, Fujitsu, Hitachi, Matsushita, Mitsubishi, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98).

NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd.
, NTT NTT Nippon Telegraph and Telephone Corporation
NTT New Technology Telescope
NTT National Technology Transfer, Inc
NTT Name That Tune (TV game show)
NTT National Tree Trust
NTT Number Theoretic Transform
, Nitto, Sony, and Toshiba. Additionally, PLX is represented by Nissho Electronics and Paltek, two of Japan's leading electronics distributors. Establishing PLX Technology Japan KK in Yokohama City brings PLX and these customers closer together both geographically and culturally. The subsidiary also is expected to add to PLX's significant growth in the Asia-Pacific region, in which the company's revenues grew to $8.6 in 2000, from $4.5 million in 1999.

"We are honored to establish an office dedicated to PLX's prestigious customers in Japan, and look forward to serving their needs in building advanced communications-infrastructure systems based on our products," said Michael Salameh, founder and president of PLX. "We have had a long and prosperous history with our customers in Japan, and we expect that our relationships with them will become even stronger through PLX Technology Japan KK."

PLX Technology Japan KK is headed by Shinichi Kobayashi, managing director. Kobayashi brings more than 18 years of high technology experience to PLX Technology Japan KK. A graduate of Chuo University Chuo University (中央大学 Chūō Daigaku , where he studied electrical engineering electrical engineering: see engineering.
electrical engineering

Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics.
, he was associated with Nissho Electronics and Hitachi Communications Systems, Ltd. prior to joining PLX Technology. Kobayashi will oversee a staff that includes sales and administrative personnel.

"We intend to offer to our customers in Japan an even greater level of service and accessibility, as PLX Technology Japan KK's entire resources are dedicated to their needs," said Kobayashi. "We look forward to leveraging this level of service into success for our valued customers."

About PLX Technology

PLX Technology Inc. (www.plxtech.com), based in Sunnyvale, Calif., USA, is the leading supplier of high-speed silicon and software solutions for the networking and communications industries. The PLX solution includes industry-standard silicon, software for managing data throughout the PCI bus, rapid development tools that minimize design risk, and third-party development tool support through the PLX Partner Program. The PLX solution enables hardware designers and software developers to maximize system input/output (I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output.

I/O - Input/Output
), lower development costs, minimize system design risk and provide faster time to market. PLX PCI (1) (Payment Card Industry) See PCI DSS.

(2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus).
 I/O Accelerator chips and I/O Processor devices are designed into a wide variety of embedded PCI communication systems, including switches, routers, line cards, media gateways, base stations, access multiplexors and remote access concentrators. PLX customers include many of the leading communications equipment companies, including 3Com, Cisco Systems, Compaq Computer, Ericsson, Hewlett Packard, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Lucent Technologies, Marconi, Nortel Networks, and Siemens.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995

Statements in this release which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, goal or intentions regarding the future. Forward-looking statements in this release include statements regarding (1) PLX's growth in the Asia-Pacific region; (2) the increased strength of the relationship between PLX and its customers in Japan, (3) the staffing of the office in Japan, (4) the benefits for the customers of PLX in Japan. Factors that could cause actual results to differ materially include risks and uncertainties such as: PLX's ability to attract and retain personnel for the office in Japan; reduced demand for products of electronic equipment manufacturers which include PLX's products due to adverse economic conditions in general or specifically affecting PLX's markets worldwide and specifically in the Asian-Pacific region; reduced significance of the PCI standard for the communications infrastructure and replacement by other standards; ease of cooperation between PLX and its customers in Japan. Readers should also refer to the risk disclosures outlined in PLX's quarterly reports on Form 10-Q Form 10-Q

See 10-Q.
 filed from time-to-time with the SEC.

Note to Editors: PLX is a trademark of PLX Technology, Inc., which may be registered in some jurisdictions. All other product names that appear in this material are for identification purposes only and are acknowledged to be trademarks or registered trademarks of their respective companies.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 18, 2001
Words:790
Previous Article:Network Commerce Increases Cash Position and Lowers Expenses With Sale of Registrars.com to VeriSign, Inc.
Next Article:defectMAP From IDS Software Systems Gives Chip Makers Another Tool to Increase Profitability.
Topics:



Related Articles
Yokohama Rubber.
Yokohama Rubber Ltd.
Yokohama Rubber Co., Ltd.
PLX TECHNOLOGY ANNOUNCES 64-BIT SWITCH FABRIC ARCHITECTURE CONTROLLER.(Product Announcement)
Navy aircraft begins New Year by sea.(Brief Article)
Yokohama Rubber, Tokyo, Japan, announced that smart-Brabus GmbH has selected the A539 and A520 high-performance tires from Yokohama Rubber as...
Yokohama, Fullerton, CA, announced that its Salem manufacturing plant has achieved ISO 9000 2000 certification. (Quality registrations).
Yokohama Rubber, Tokyo, Japan, announced that Morgan Motor of the U.K. has adopted Yokohama's A539. (Contracts, Licenses).
Yokohama Rubber.(Contracts, Licenses)
Yokohama Rubber to Establish Subsidiary in India.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles