Aspec Technology Announces Intent to Sell Its System EDA Business.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--March 8, 2000 Aspec Technology, Inc. (Nasdaq: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 Internet-enabled, business-to-business, collaboration applications, today announced it is in negotiations to sell its Electronic Design Automation (EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. ) business, which includes the Statistically-based Worstcase Interconnect Model Generator (SWIM), the Interconnect Delay Calculator (InterCal), and X-Savior, the fast 3D full-chip crosstalk (1) Electromagnetic interference that comes from an adjacent wire. "Alien" crosstalk is interference that comes from a wire in an adjacent cable, for example, when two or more twisted wire pair cables are bundled together. analyzer. "The decision to sell the Company's Electronic Design Automation component marks another important step in the transformation of Aspec Technology into a provider of Internet-enabled, business-to-business, content management applications," said Mike Carroll Mike Carroll (born 1975) is a professional skateboarder from San Francisco who skated for H-Street and then formed the super team, Plan B Skateboards. In a mass defection, Mike started Girl Skateboards with fellow Plan B rider Rick Howard. Carroll is often sarcastic towards people. , President 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 Aspec Technology. "We are committing ourselves to our new market direction. This sale allows us to focus our attention on the Company's business-to-business plan." About Aspec Technology Aspec Technology, Inc. (Nasdaq:ASPC) is a provider of Internet-enabled, business-to-business, collaboration applications which shorten time-to-market by developing, capturing, transferring, sharing and leveraging the corporate expertise required to deliver and maintain content throughout the content supply chain. Aspec is located at 830 East Arques Avenue, Sunnyvale, CA 94086. More information is available at www.aspec.com. 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 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. |
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