Applix Participates in Largest-Ever Private Linux Investment.Business/Technology Editors WESTBORO, Mass.--(BUSINESS WIRE)--Jan. 18, 2000 TurboLinux Completes $57 Million Funding Round. Applix Joins More than 20 Leading IT Companies in Investing in the Future of TurboLinux Applix, 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 :APLX), a leading supplier of office suite software for Linux and other major operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. , today announced its participation in the largest ever private investment funding of a Linux company. TurboLinux, the high performance Linux company successfully completed a $57 million second round funding that included investments by Applix and more than 20 other leading worldwide IT companies. TurboLinux bundles and resells the Applixware Office product in Japan and other Asian markets. Applix relies on the proven expertise and local knowledge of companies like TurboLinux to insure the widest possible distribution for its software products across geographies and hardware platforms Each hardware platform, or CPU family, has a unique machine language. All software presented to the computer for execution must be in the binary coded machine language of that CPU. Following is a list of the major hardware platforms in existence today. See platform. . "We are pleased to participate in this strategic event in the history of TurboLinux," commented Jit Saxena, Applix's 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. . "As a leading provider of office productivity applications for Linux, Applix already has a significant stake in the future of the operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. . Our investment in TurboLinux reinforces our commitment to the Linux operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. and complements our high performance office productivity applications." "TurboLinux has established itself as a worldwide leader in high performance Linux clustering and platform interoperability, building business solutions on Open Source software that integrate into the enterprise," said Cliff Miller, CEO of TurboLinux. "We view this broad range of financial backing by Applix and some of the world's top computer companies as a validation of our technology, our business model, our customer base and our global presence." About Applix, Inc. Applix, Inc.'s (NASDAQ:APLX) Linux Division, headquartered in Westboro, Mass., develops innovative productivity applications for Linux and other platforms, highlighted by the Applixware Office suite of applications. Further, the Linux Division facilitates the development of Open Source on Linux and other platforms through the Cosource.com software auction service and provides thin client productivity applications through application services See ASP and Web services. providers and web portals. More information can be found at www.applix.com and linux.applixware.com. About TurboLinux Inc. Founded in 1992, TurboLinux is the world's fastest-growing Linux company(1) and has shipped more than three million units of Linux globally. A market leader in Linux software clustering solutions and Linux internationalization The support for monetary values, time and date for countries around the world. It also embraces the use of native characters and symbols in the different alphabets. See localization, i18n, Unicode and IDN. internationalization - internationalisation , the company's high-performance consumer and business Linux products run on Intel, Alpha and PowerPC workstation and server platforms and are supported globally by IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Hewlett-Packard and SCO (The SCO Group, Lindon, UT, www.sco.com) A leading vendor of Unix operating systems for the x86 platform. SCO had also offered Linux, but abandoned the line in the spring of 2003. The SCO Group is the combination of two companies: Utah-based Caldera, Inc. . Headquartered in San Francisco, TurboLinux has offices in Tokyo, Beijing and Sydney. The company's home page is located on the Internet at www.turbolinux.com, in Japanese at www.turbolinux.co.jp and in Chinese at www.turbolinux.com.cn. Notes to Investors This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially. Specifically, comments related to the demand for, revenue from and acceptance of the Company's products and the Company's position in the markets, may be considered forward-looking and subject to a number of risks and uncertainties, including but not limited to: the rate of growth in market demand for the products; the acceptance of the Company's products; intense competitive conditions; rapid technological change; frequent new product introductions and evolving domestic and international standards, which may render existing products and services obsolete. Refer to the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1998 for a list of factors as discussed under "Risk Factors". Applix does not undertake - and specifically declines any obligation - to publicly release the result of any revision which may be made to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events. All trademarks, registered trademarks, and service marks are the property of their respective owners. (1) Source: International Data Corporation. |
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