ALANTEC Corporation offers 2,199,300 shares of common stock at $36.25 per share.SAN JOSE, Calif.--(BUSINESS WIRE)--April 21, 1995--ALANTEC Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALTC ALTC Automatic Laser Target Classification ALTC Aparicio-Levy Technical Center (Tampa, Florida) ) announced the public offering of 2,199,300 shares of common stock at a price of $36.25 per share. Of the total, 2,000,000 shares will be offered by the Company and 199,300 shares will be offered by selling stockholders. Hambrecht & Quist Incorporated, Montgomery Securities, Oppenheimer & Co., Inc. and PaineWebber Incorporated co-managed the underwriting group. Net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). will be used for working capital and other general corporate purposes. ALANTEC Corporation designs, develops, manufactures, markets and supports intelligent switching hubs for Ethernet and FDDI (Fiber Distributed Data Interface) Often pronounced "fiddy," it was a LAN and MAN access method that had its heyday in the mid-1990s. FDDI was an ANSI standard token passing network that transmitted 100 Mbps over optical fiber up to 10 kilometers. local area networks. ALANTEC's solutions integrate bridge, router and hub technologies and combine proprietary product architectures, upgradeable software and a strong customer support commitment. A copy of the prospectus relating to the offering may be obtained from Hambrecht & Quist Incorporated, One Bush Street, San Francisco, Calif. 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 Montgomery Securities, 600 Montgomery Street, San Francisco, Calif. 94111; Oppenheimer & Co., Inc., World Financial Center, Oppenheimer Tower, 200 Liberty Street, New York, NY 10281; PaineWebber Incorporated, 1285 Avenue of the Americas, New York, NY 10019. CONTACT: ALANTEC, San Jose Janice Benedict, 408/955-9000 |
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