Apex Begins Trading Under New Stock Symbol ``AVCT''.Business Editors & High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. Writers REDMOND Redmond, city (1990 pop. 35,800), King co., W Wash., a suburb of Seattle, on Lake Sammamish; inc. 1912. Its economy centers around computer software (Microsoft Corp. , Wash.--(BUSINESS WIRE)--July 3, 2000 APEX apex (a´peks) pl. apexes, a´pices [L.] tip; the pointed end of a conical part; the top of a body, organ, or part.ap´ical apex of lung the rounded upper extremity of either lung. Inc. (Nasdaq/NM:APEX) today began trading under the new stock symbol "AVCT AVCT Advanced Vehicles Concept Team ." Effective July 1, 2000, Apex combined with Cybex Computer Products Corporation (Nasdaq/NM:CBXC) in a merger transaction and formed Avocent Corporation (Nasdaq/NM:AVCT). Avocent Corporation was formerly known as Aegean Sea Aegean Sea, Gr. Aigaion Pelagos, Turkish Ege Denizi, arm of the Mediterranean Sea, c.400 mi (640 km) long and 200 mi (320 km) wide, off SE Europe between Greece and Turkey; Crete and Rhodes mark its southern limit. Inc. Stockholders of Apex Inc. and Cybex Computer Products Corporation approved the merger and the formation of Avocent Corporation in special shareholder meetings on June 30, 2000. The mergers were completed effective July 1, 2000. Apex stockholders will receive 1.0905 shares of Avocent Corporation common stock for each share of Apex common stock. Stockholders of Cybex Computer Products Corporation will receive one share of Avocent Corporation common stock for each common share of Cybex. Avocent Corporation had 42,776,511 shares outstanding as of July 1, 2000, including the conversion of all Apex and Cybex shares into Avocent Corporation. About Avocent Corporation Avocent Corporation is the leading supplier of connectivity solutions for enterprise data centers, service providers and financial institutions worldwide. Branded products include KVM switching (1) See also KVM. (2) (Keyboard Video Mouse switch) A device used to connect a keyboard, mouse and monitor to two or more computers. KVM switches are used to save space on a desktop when multiple computers are used by one user. , extension, remote access and video display solutions. Additional information is available at: www.avocent.com http://www.cybex.com/ or http://www.apex.com/ |
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