Aspec Revamps Board of Directors; New Board Members Strengthen Industry and Management Expertise.SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 8, 1999-- Aspec Technology, 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 : ASPC ASPC Associated Students of Pomona College (Claremont, California) ASPC American Shetland Pony Club ASPC Arizona State Prison Complex ASPC Algorithmic Statistical Process Control ASPC Attached Shuttle Payload Center ), a provider of very deep submicron system-on-chip (SOC) technologies and design tools, announced today that it has added 3 new board members. David K. Lam, a founder of Lam Research Lam Research Corporation (NASDAQ: LRCX) engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. and Chairman of the David Lam David See-Chai Lam OC, CVO, OBC, (林思齊, pinyin: Lín Sīqí) (born September 2, 1923) was Lieutenant-Governor of British Columbia from 1988 to 1995. Group; Ronald K. Bell, Vice President of Communication Products at Micro Linear Corporation; and William H. Lane III, President of Canyon Vista, Inc., have joined Aspec's Board. As a result of this restructuring, Jeff Saper and Walter Kortschack have left the company's Board. "I am very excited about the new composition of the Board of Directors," said Conrad J. Dell'Oca, chairman of the Board and co-founder of Aspec. "With a much broader set of experience and a fresh approach, we expect to rapidly improve our business." The semiconductor intellectual property (SIP) business that Aspec pioneered has gone through dramatic changes in its business model since 1998. While Aspec has restructured its SIP business to return to profitability, it is at the same time looking to leverage its extensive semiconductor experience into related technology and software business opportunities. Among them are silicon knowledge based electronic design automation software tools that provide high performance solutions to key problems in very deep submicron designs. Aspec Revamps Board of Directors Page 2 About the Board Members David K. Lam is best known for Lam Research, a semiconductor equipment maker he founded in 1980 that now has a market value of $2.2 billion. Dr. Lam is currently Chairman of the David Lam Group, a management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm for high growth technology companies. Dr. Lam serves of the board of directors of a number of technology companies, including Tu-Si Technologies and Integrated Telecom Express. "I'm very excited to be part of the new direction for Aspec Technology. Aspec has a deep understanding of silicon process technology. This knowledge is very critical and rare to find among IC design technology and tools companies," stated David Lam. "We hope to leverage this knowledge base into valuable products that address very deep submicron design challenges." William H. Lane III is currently President of Canyon Vista, Inc., a management consulting firm. Mr. Lane has extensive business management and financial experience in both high growth and turn around business situations. He retired from Intuit Inc., a personal and small business finance software publisher in 1996 having served as its Vice President, Chief Financial Officer, Secretary and Treasurer. He previously held executive management positions at ChipSoft, Inc. and Honeywell Information Systems. Ronald K. Bell is currently Vice President of Communication Products at Micro Linear Corporation. Mr. Bell brings more than 25 years of high technology management experience in system architecture, hardware, software, and semiconductor development. Prior to Micro Linear, Mr. Bell has also held various executive positions, including 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 Equator Technologies, Vice President and General Manager of LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Logic, and Vice President and Chief Technology for the Computer Systems Group of the Unisys Corporation (company) Unisys Corporation - The company formed in 1984-5 when Burroughs Corporation merged with Sperry Corporation. This was when the phrase "dinosaurs mating" was coined. . This news release contains forward looking statements related to Aspec which are based on current expectations that includes statements regarding the Company's future expectations, beliefs, hopes, intentions, and strategies. These forward looking statements may involve substantial risks and uncertainties. Actual results and developments therefore may differ materially from those described in this release. For more information about Aspec and risks arising when investing in Aspec, you are directed to Aspec's most recent reports on Form 10-Q Form 10-Q See 10-Q. and recent registration statement on Form S-1 as filed with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission. About Aspec Technology Aspec Technology, Inc. (NASDAQ: ASPC) is a provider of semiconductor intellectual property (SIP) libraries, design services for complex IC (Integrated Circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for ) system design and development as well as design tools. Aspec is located at 830 East Arques Avenue, Sunnyvale, CA 94086. More information is available at http://www.aspec.com. |
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