Aspec Technology Plans Sale of System IP Business.SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 9, 1999-- 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 advanced software solutions, which dramatically increase design productivity, announced plans to sell its System Intellectual Property (IP) business. This includes Aspec's traditional library business unit and Ascent Design Corporation, the design services business unit. P. "The sale of the System IP business allows the Company to concentrate its full energy on its new strategic direction of providing advanced software solutions. Our software solutions increase design productivity through Silicon Intelligent(TM) 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. ) tools and the automation and management of the actual design and product process from initial product development to end of life," stated 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. "We have a great deal of talent and IP in our System IP business, which represents a significant value to the right company. We have generated considerable interest from potential purchasers and have active discussions underway. We hope to have a sale concluded during our first fiscal quarter." About Aspec Technology Aspec Technology, Inc. (Nasdaq:ASPC) is a provider of advanced software solutions, which dramatically increase design productivity. Aspec's Silicon Intelligent(TM) Electronic Design Automation (EDA) tools address key deep submicron design and verification problems for complex Integrated Circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. (IC) and systems. Aspec's Inbox Software provides Internet-based, business-to-business, content management software solutions, which shorten time-to-market by managing product content and the business processes required to deliver and maintain content throughout the product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. -- from concept to end-of-life. 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 hose 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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