Alpha Microsystems sells Sanderson Electronics shares for $2.1 million.SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Sept. 17, 1996--Alpha Microsystems (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 NM:ALMI ALMI Application Level Multicast Infrastructure ALMI Automated Listing and Mapping Instrument (US Census Bureau) ) said on Tuesday that it has sold on the London market the 907,792 shares of Sanderson Electronics PLC that the company received from Sanderson in the sale of its former UK subsidiary. The sale of Alpha Microsystems Alpha Microsystems is a computer company founded in 1977 by Dick Wilcox and Bob Hitchcock. The first Alpha Micro computer was based upon the WD16 microprocessor chip from Western Digital. Great Britain Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as Britain. was announced on Aug. 12, 1996. Proceeds of the sale of Sanderson shares were approximately 1.35 million pounds or U.S. $2.1 million at current exchange rates. The company will transfer the funds to the United States shortly. President and Chief Executive Officer Douglas J. Tullio said: "We're pleased with the results of the sale of shares, which were being held on our balance sheet as marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has . The proceeds will augment our financial resources to support and enhance our core businesses." Alpha Microsystems serves the Internet and intranet markets through its software, services and technologies. The company also provides products and services such as consulting, maintenance, software, hardware and networking, both directly and through value-added resellers and distributors. Alpha Microsystems has been in business for over 18 years and today has over 40 locations, as well as third party distribution channels worldwide. For more information, contact the company's Web site at: http://www.alphamicro.com. CONTACT: Allen & Caron/South Coast Communications Erik Randerson (investors) Owen Daley (media), 714/252-8440 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion