Cabletron announces FTC filing.ROCHESTER, N.H.--(BUSINESS WIRE)--July 31, 1995--Cabletron Systems (NYSE NYSE See: New York Stock Exchange : CS) today announced that the company has made a filing with the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The HSR Act was signed into law by President Gerald R. of 1976 for clearance to acquire in excess of $15 million worth of Chipcom common stock and, depending on market conditions, to acquire more than 50 percent of the outstanding Chipcom common stock. "Obviously Cabletron has a keen interest in the ultimate disposition of Chipcom, and is currently evaluating its investment options," said S. Robert Levine, Cabletron's president and chief executive officer. "Like Cabletron, Chipcom focuses on the high-end customer base. We view 3COM's attempt to acquire Chipcom as an acknowledgement of the viability and continued growth potential of the high-end market. Cabletron, as always, remains focused on the high-end customer where we maintain the market leadership role," Levine added. Headquartered in Rochester, N.H., Cabletron employs more than 5,000 people in over 80 offices around the world. The worldwide modular hub market leader (a), Cabletron is ISO- iso- or is- pref. 1. Equal; uniform: isobar. 2. Isomeric: isopropyl. 3. 9001 certified. Cabletron develops, manufactures and markets Ethernet, FDDI (Fiber Distributed Data Interface) Often pronounced "fiddy," it was a LAN and MAN access method that had its heyday in the mid-1990s. FDDI was an ANSI standard token passing network that transmitted 100 Mbps over optical fiber up to 10 kilometers. , Token Ring, ATM internetworking and Enterprise Management software products based on its Synthesis product framework. Cabletron directly services more than 80,000 customer sites around the globe and provides 7 by 24 support coverage, with free phone support during normal business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a . A component of the S&P 500 index, Cabletron's common stock is traded over the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CS. Over the last four quarters the company has reported record revenue of $871 million and earnings of $174 million. -0- (a) Source: Dataquest Inc.; February 1995. CONTACT: Cabletron Systems, Rochester David Kirkpatrick, 603/337-4270 or Michael Deshaies, 603/337-1402 email: deshaies@ctron.com |
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