CHIPCOM SELLS ETHERMODEM BUSINESS TO INTERNATIONAL CONTROL SERVICES.SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--August 16, 1995--Chipcom Corporation (Nasdaq/CHPM) today announced it has sold its entire Ethermodem business to International Control Services, Inc. (ICS (1) (Internet Connection Sharing) A Windows feature that enables two or more computers to share one Internet connection. First introduced in Windows 98 Second Edition, sharing is accomplished with network address translation (NAT), which is the common method. ) of Decatur, Illinois
Effective with this purchase, ICS assumes full responsibility for operating the Ethermodem business as a going concern, including all marketing, manufacturing and servicing rights. The Ethermodem product family -- consisting of the Ethermodem IV Transceiver, the Ethermodem Headend Remodulator and the Ethermodem Bridge -- provides Ethernet networking over standard CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. cabling, known as broadband. Chipcom first began offering Ethermodem products in 1985. "We are pleased that an organization of the caliber of ICS has assumed responsibility for the Ethermodem line and that our customers of these products will continue to be extremely well taken care of going forward," said Hal Charnley, director of corporate development, at Chipcom. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jerry Johnson Jerry Johnson can refer to:
International Control Services, Inc. is an Illinois-based electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. and service company specializing in working with other electronic manufacturers to support products which no longer fit their core products list or future plans. This support includes both manufacturing and repair. The company is located at 606 West Imboden Road, Decatur, Illinois, and can be reached at 217-422-6700. Founded in 1983, Chipcom Corporation designs, manufactures, markets, and supports fault-tolerant intelligent switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. , including hub, internetworking and network management products, for remote site, campus and enterprise network computing Storing and/or running applications in servers in a network. See cloud computing and network computer. environments. The Southborough, Mass.-based company reported record revenue of $268 million for its 1994 fiscal year, ended December 31, a 67 percent increase over 1993. For the first six months of its 1995 fiscal year, ended July 1, Chipcom reported sales of $157.7 million. According to the market research firm Dataquest, Inc., Chipcom is the world's third largest supplier of intelligent hubs. Together with its resellers, Chipcom has a presence in more than 200 countries, and the company employs over 930 people worldwide. For the third consecutive year, Chipcom has been cited by Fortune magazine as one of the 100 fastest-growing companies in America. The company's Home Page on the World Wide Web can be accessed at: http://www.chipcom.com. Chipcom has signed a definitive merger agreement with 3Com Corporation of Santa Clara, Calif., dated July 26, 1995. Completion of the transaction is subject to regulatory approvals and approval by Chipcom's shareholders. The merger is scheduled to close in October. Chipcom and the Chipcom logo are registered trademarks of Chipcom Corporation. CONTACT: John H. Ricciardone Dennis Espinoza Chipcom Corporation International Control Services 508-624-6840 217-422-6700 jricciar@chipcom.com or Glen M. Zimmerman Beaupre & Co. Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , Inc. 603-436-6690 gzimmer@beaupre.mv.com |
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