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COMPUTER NETWORK TECHNOLOGY CORPORATION ANNOUNCES STOCK OFFERING AT $7.125 PER SHARE

 MAPLE GROVE, Minn., Sept. 23 /PRNewswire/ -- Computer Network Technology Corporation (NASDAQ-NMS: CMNT) (CNT) today announced a public offering of 3,009,472 shares of its common stock at $7.125 per share. Of these shares, 509,472 shares are being sold by certain shareholders. The underwriters of the offering are Piper Jaffray Inc. and Cowen & Company.
 CNT intends to use the net proceeds for general corporate purposes, including additions to working capital, the continued development of products and services, expansion of facilities, and possible acquisitions of businesses, products, or technologies complementary to CNT's business.
 Computer Network Technology Corporation, a leader in the channel networking industry, develops, manufactures and markets high-speed channel networking systems. These systems serve the data networking needs of many of the world's largest corporations by connecting high performance computers, peripheral devices, and LAN-based networks in enterprise-wide backbone networks. CNT's common stock is traded on the NASDAQ National Market under the symbol CMNT.
 -0- 9/23/93
 /CONTACT: John Brintnall of Computer Network Technology, 612-550-8110/
 (CMNT)


CO: Computer Network Technology Corporation ST: Minnesota IN: CPR SU: OFR

DB-KH -- MN010 -- 5207 09/23/93 18:10 EDT
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Publication:PR Newswire
Date:Sep 23, 1993
Words:188
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