ALANTEC named to Inc. 100 Hottest Small Public Companies; 4,202 percent revenue growth ranks ALANTEC in the Top 20.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--May 15, 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) ), a pioneer of intelligent LAN switching
LAN switching is a form of packet switching used in local area networks. Switching technologies are crucial to network design, or to that minority of LANs that are used outside the home. hubs, announced that it has been named one of the fastest growing public companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Inc. Magazine's recent survey of Wall Street analysts. Rankings are based on each company's total revenue growth rate from 1990 to 1994. Inc.'s list, published in May 1995, recognizes companies like ALANTEC that have demonstrated sustained growth and strong market penetration while maintaining a sound balance sheet over a four-year period. ALANTEC ranked No. 19 based on a 4,202 percent increase in revenue over a four-year period, growing from $583,000 in 1990 to $25,078,000 in 1994. This marks the first time ALANTEC was named to the Inc. 100 survey of The Hottest Small Public Companies. ALANTEC went public in February 1994, followed by an additional public offering in April 1995, which raised a total of $110,000,000. "This ranking is indicative of the market acceptance of LAN switching, our technology, and the corresponding growth in our customer base," said George Archuleta, president and chief executive officer of ALANTEC Corporation. First Quarter 1995 Update on Performance ALANTEC reported record first quarter results ending March 31, 1995. ALANTEC's record revenue of $10,313,000 represented a 119 percent increase over revenue of $4,701,000 in the same period in 1994. Net income of $1,877,000, or 20 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , was also at record levels for the first quarter, compared to $428,000, or 5 cents per share in the same period in 1994. About ALANTEC ALANTEC Corporation designs, manufactures and markets intelligent switching hubs which increase network performance for local area networks. Founded in 1987 and headquartered in San Jose, Calif., ALANTEC is a design pioneer of the industry's first "intelligent" LAN switching product, the PowerHub, which melds the strengths of both switching and routing within a single internetworking device. The PowerHub family is still the industry's only product line of LAN switches to offer a multiprotocol routing capability. ALANTEC is the second largest worldwide supplier of switched Ethernet for the LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. backbone market segment, according to a report on the three LAN switching segments prepared by Dataquest Inc., a San Jose-based market research firm. For sales and literature information, contact: 800/ALANTEC, 408/955-9000, powerhub@alantec.com -0- Note to Editors: ALANTEC and PowerHub are trademarks of ALANTEC Corporation. All other products and trademarks are the property of their respective owners. CONTACT: ALANTEC Corp. Renate Steiner, 408/944-2311 renate@alantec.com or The Horn Group Todd Koch, 415/579-6400; todd@horngroup.com Annette Shimada, 415/579-6400; annette@horngroup.com |
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