Alain J. Hanover to resign from Viewlogic Board.MARLBORO Marlboro or Marlborough (märl`bərō), city (1990 pop. 31,813), Middlesex co., E Mass.; settled on the site of a Native American village 1657, inc. as a city 1890. , Mass.--(BUSINESS WIRE)--Jan. 30, 1997--Viewlogic Systems, 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 :VIEW), announced today that Alain J. Hanover, chairman of the board, has stated that he does not plan to stand for re-election to Viewlogic's board of directors in May and will step down as chairman of the board following the annual meeting on May 13, 1997. Mr. Hanover has served as Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Company since its inception in 1984. At Viewlogic, Mr. Hanover led the founding team, the implementation of strategy, and the growth of the company from startup to over $132 million in revenue in 1996. Focusing on design automation and personal productivity tools for engineers to improve the design of a myriad of products at electronics companies, Viewlogic has pioneered new technologies and methodologies for electronic design under Mr. Hanover's leadership. The company went public in late 1991 and is listed on NASDAQ's National Market System. Viewlogic Systems, Inc. is a worldwide supplier of electronic design automation software. The Company's design tools enable electrical engineers to design state-of-the-art electronic products more efficiently, while reducing both development costs and time to market. The Company offers software for both UNIX- and Windows-based computing platforms, along with a broad range of support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Viewlogic is the first Computer Aided Engineering (application) Computer Aided Engineering - (CAE) Use of computers to help with all phases of engineering design work. Like computer aided design, but also involving the conceptual and analytical design steps. (CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. ) software company in the U.S. to achieve registration to ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001, the most comprehensive of the ISO quality standards. For more company information, the Internet home page address for Viewlogic is http://www.viewlogic.com . Viewlogic press releases are also available through the Company's News on Demand fax service by calling 800/448-8533. -0- All trademarks and registered trademarks are the property of their respective owners. CONTACT: Ron Benanto/Karen Wills Viewlogic Systems Inc. (508) 480-0881 |
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