Award Software International Announces IPO.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Oct. 24, 1996--Award Software International 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 :AWRD) a leading designer of System Management Software (SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. ), announced today its initial public offering of 1,850,000 shares of common stock at $8.00 per share. J.P. Morgan & Co. acted as lead manager for the offering, and Prudential Securities Incorporated and Needham & Company, Inc. served as co-managers. The Company has granted the underwriters the option to purchase an additional 277,500 shares of common stock to cover over-allotments. Of the 1,850,000 shares, 1,250,000 shares are being offered by the company and 600,000 shares are being offered by selling shareholders. Award designs, develops and markets system management software for the global computing market. System management software is one of the fundamental layers in personal computer ("PC") architecture and provides an essential interface between a PC's 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. software and hardware. The Company's principal system management software products include a suite of Basic Input/Output System (operating system) Basic Input/Output System - (BIOS, ROM BIOS) The part of the system software of the IBM PC and compatibles that provides the lowest level interface to peripheral devices and controls the first stage of the bootstrap process, including installing the operating software ("BIOS"). Award's customers include designers and manufacturers of motherboards, PC systems and other microprocessor-based (or "embedded Inserted into. See embedded system. ") devices. The Company believes that its products and engineering services enable customers to rapidly develop new motherboard designs for state-of-the-art computer systems. The Company markets and licenses its products and services worldwide and has established itself as a leading provider of desktop system management software in Asia, which accounts for approximately 40% of worldwide desktop motherboard production. Offers to sell or solicitations to buy Award Software International Inc. shares can only be made through the prospectus and only in those states in which the offer or solicitation would be lawful. Copies of final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. may be obtained from J.P. Morgan & Co., 60 Wall Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10260, 212/648-9922. -0- Note to Editors: Award Software International Inc. Corporate Offices: 777 East Middlefield Road, Mountain View CA 94043 415-968-8886 -- http://www.award.com -- (F) 415-968-0274. CONTACT: Award Software International Inc. Toni Goodrich, 415/968-4433 or Media One Cordell Koland, 415/390-0209 |
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