ADIC Files Registration Statement for Public Offering of 1,725,000 Shares of Stock.REDMOND, Wash.--(BUSINESS WIRE)--Feb. 18, 1997--ADVANCED DIGITAL INFORMATION CORPORATION (NASDAQ/NMS Symbol:ADIC) announced that it has filed a registration statement with the Securities and Exchange Commission relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc a proposed public offering of 1,725,000 shares of common stock. Of the total, 1,700,000 shares will be offered by the Company and 25,000 shares will be offered by a selling stockholder. Hambrecht & Quist LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control will lead-manage the underwriting group and Dain Bosworth Incorporated will serve as co-manager. In addition, the underwriters will have the option to purchase up to 258,750 additional shares of common stock from the Company to cover over-allotments, if any. The Company expects to use the proceeds for working capital and other general corporate purposes. A copy of the prospectus relating to the offering may be obtained from Hambrecht & Quist LLC, One Bush Street, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA 94104 or 230 Park Avenue, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10169 or from Dain Bosworth Incorporated, 60 South Sixth Street, Minneapolis, MN 55402. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. ADIC is a leading provider of automated tape libraries and standalone tape drives used to back up and archive electronic data in client/server network (1) A communications network that uses dedicated servers. In this context, the term is used to contrast it with a peer-to-peer network, which allows any client to also be a server. (2) A network that is processing applications designed for client/server architecture. computing environments. The Company integrates proprietary electro-mechanical robotics, electronics hardware and firmware with technologically advanced tape drives manufactured by third parties to provide highly automated data storage protection. When used with third-party storage See online storage. management software, the Company's products can perform sophisticated backup and archiving of electronic data residing across a complex network of PCs, workstations and servers with minimal human intervention. The Company's product family operates in both PC-based (Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. and Novell Netware) and UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). environments and provides data storage capacity ranging from four gigabytes to over three terabytes. CONTACT: Advanced Digital Information Corporation, Redmond Peter van Oppen or Chuck Stonecipher, 206/881-8004 Internet address: invest@ADIC.com |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion