CEO of Socket Communications to Step Down.FREMONT, Calif.--(BUSINESS WIRE)--Nov. 7, 1995--(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 SmallCap SCKT and SCKTW; Pacific Stock Exchange SOK) Socket Communications, Inc. today announced that Murray L. Dennis intends to step down from his role as 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. and Director, effective Dec. 31, 1995 to pursue other business opportunities. Charlie Bass, Chairman of the company's Board of Directors, will take an active role in Socket's day-to-day operations as the company searches for Dennis' replacement. Dennis joined Socket in October 1994 and led the company's transition from a PC Card manufacturer to a developer of comprehensive wireless data solutions that include hardware, software and services. He also helped the company expand its sales and complete its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in June 1995. "Murray has helped establish Socket as a leader in the emerging wireless data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. market," said Bass. "Socket is now positioned to execute the next stage of the strategy that Murray helped formulate." Socket Communications, Inc. designs, develops and sells data communications solutions for the mobile computer market. All of Socket's hardware products incorporate the PC Card (formerly PCMCIA (Personal Computer Memory Card International Association, San Jose, CA, www.pcmcia.org) An international standards body and trade association that was founded in 1989 to establish a standard for connecting peripherals to portable computers. PCMCIA created the PC Card. See PC Card. ) interface standard. Socket currently offers its PageCard Wireless Messaging System, a wireless data communications solution consisting of the PageCard receiver, PageSoft communications software and Socket Wireless Messaging Services. In addition, Socket offers a Wireless Global Positioning System Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. PC Card, a family of Ethernet and serial PC Cards and messaging software. CONTACT: Socket Communications Gerald Houston, 510/744-2740 or A&R Partners Jennifer Hwang, 415/363-0982 |
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