Avocent Announces Divisional Realignment.HUNTSVILLE, Ala. -- Avocent Corporation (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 :AVCT AVCT Advanced Vehicles Concept Team ) announced today that, effective June 1, 2006, it will realign its Embedded Software and Solutions Division to report to Tom Miller, Avocent's Senior Vice President of Global OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and Markets. "Based upon feedback from our OEM customers, we have decided to adopt an integrated relationship management approach. Both our traditional OEM appliance team within our Management Systems Division and our Embedded Software and Solutions team will now report to Tom and will work together to offer our OEM customers a more focused and coordinated product roadmap," stated John R. Cooper, Avocent's Chairman and Chief Executive Officer. "The AESS AESS Aerospace and Electronic Systems Society (IEEE) AESS Architecturally Exposed Structural Steel AESS Aeronautical Systems Squadron (US Air Force) AESS Association des Employé(e) team has continued to create traction in the device management space with embedded management technology," continued Mr. Cooper. "These embedded `building blocks' include IPMI (Intelligent Platform Management Interface) A protocol for monitoring server hardware for temperature, voltage, chassis intrusion, etc. Introduced in 1998 by Intel, HP, NEC and Dell, IPMI defines a standard set of messages for the characteristics of hardware , DVC (1) (Digital Video Camera) A camcorder that records in digital format. See DV. (2) (Digital Video Cassette) An earlier term for the DV format. See DV. (3) See desktop videoconferencing. video compression and virtual media. In addition, AESS has been very successful incorporating these technologies into integrated products, such as remote access cards and blade server management modules marketed as complete management solutions in partnership with our OEM customers. By further expanding the collaboration of these `building blocks' with our appliances, exciting new opportunities present themselves - offering new revenue streams as we build out a complete management stack." Mr. Miller joined Avocent in 2002 and has been responsible for leading the company's sales and relationship development efforts with OEM customers on a worldwide basis, which represented approximately 48% of Avocent's sales in 2005. "Regrettably, Mark Lee, who joined Avocent with the acquisition of OSA 1. OSA - Open Scripting Architecture. 2. OSA - Open System Architecture. Technologies and has been in charge of the AESS Division, has decided to leave Avocent at the end of May to pursue other entrepreneurial opportunities. We thank Mark for his leadership and vision and wish him well in his new ventures," concluded Mr. Cooper. About Avocent Corporation Avocent Corporation is the leading supplier of connectivity solutions for enterprise data centers, branch offices, and small to medium size businesses worldwide. Branded and OEM products include remote and local access solutions for switching, serial console, power extension, intelligent platform management interface The Intelligent Platform Management Interface (IPMI) specification defines a set of common interfaces to computer hardware and firmware which system administrators can use to monitor system health and manage the system. Several dozen companies support IPMI. (IPMI), mobile and video display management solutions. Additional information is available at: www.avocent.com. Forward-Looking Statements This press release contains statements that are forward-looking statements as defined within 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. These include statements regarding the Company's future product roadmap and new revenue streams and other opportunities. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made, including the risks associated with general economic conditions, risks attributable to future product demand, sales, and expenses, risks associated with reliance on a limited number of customers, component suppliers, and single source components, risks associated with product design efforts and the introduction of new products and technologies, risks related to OEM sales, and risks associated with obtaining and protecting intellectual property rights. Other factors that could cause operating and financial results to differ are described in Avocent's annual report on 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. filed with the Securities and Exchange Commission on March 6, 2006. Other risks may be detailed from time to time in reports to be filed with the SEC. Avocent does not undertake any obligation to publicly update its forward-looking statements based on events or circumstances after the date hereof. |
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