AST Research announces year-end departure of CFO.IRVINE, Calif.--(BUSINESS WIRE)--Nov. 21, 1995--AST Research Inc. (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 :ASTA) Tuesday announced Bruce C. Edwards, executive vice president, chief financial officer and a board member, will leave the company at the conclusion of its current quarter, ending Dec. 30, 1995. Edwards, 42, who has served as AST's chief financial officer for more than 11 years, will leave the company to pursue other interests. Most recently, his responsibilities included the company's finance, information systems, legal, administration and investor relations Investor relations The process by which the corporation communicates with its investors. activities. "Bruce has contributed significantly to AST's growth over the years by proactively meeting and anticipating the financial requirements of the company and the market," said Safi Qureshey Safi Qureshey (sometimes written Qureshi) is chairman emeritus, cofounder and former CEO of AST Research, Inc., a personal computer manufacturer. He is currently CEO of wireless video technology company Quartics and is involved with several start-up technology companies as an , AST (AST Computer, Irvine, CA) A PC manufacturer founded in 1980 by Albert Wong, Safi Quershey and Tom Yuen (A, S and T). It offered a complete line of PCs that sold through its dealer channel. chairman. "Among his successes include negotiating the strategic investment in AST by Samsung Electronics Samsung Electronics (SEC, Hangul:삼성전자; KSE: 005930, KSE: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation and the world's largest and leading electronics and information technology company. , as well as numerous financial instruments that have helped the company become a $2.5 billion worldwide PC manufacturer." Edwards will continue at AST throughout the remainder of the company's current fiscal quarter to complete, among other things, certain agreements between the company and Samsung Electronics. "We wish Bruce continued prosperity in his future endeavors," said Ian Diery, AST president and chief executive officer. "During the transition period, I will utilize his experience and knowledge to move AST's turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. plan forward and help lay the foundation for long-term growth." Corporate Background AST Research AST Research, Inc. was a personal computer manufacturer, founded in Irvine, California in 1980 by Albert Wong, Safi Qureshey and Thomas Yuen. (The name comes from the initials of their first names. Inc., a member of the Fortune 500 list of America's largest industrial and service companies, is one of the world's leading personal computer manufacturers. The company develops PC products ranging from portable systems to superservers sold in more than 100 countries worldwide. Corporate headquarters is located at 16215 Alton Parkway, P.O. Box 57005, Irvine, Calif., 92619-7005. Telephone: 714/727-4141 or 800/876-4278. Fax: 714/727-9355. CONTACT: AST Research Emory Epperson, 714/727-7958 (media contact) Janine Whittington, 714/727-7780 (analyst contact) |
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