Cheyenne Software not for sale.ROSLYN HEIGHTS, N.Y.--(BUSINESS WIRE)--April 17, 1996--ReiJane Huai, chairman, president and chief executive officer of Cheyenne Software Inc. (AMEX AMEX See: American Stock Exchange :CYE CYE Curb Your Enthusiasm (TV show) CYE Close Your Eyes CYE Check Your Email CYE Calendar Year End CYE Choose Your Event CYE Curtis Youngblood Enterprises ), today said, "Cheyenne Software, Inc. is not for sale and has absolutely no interest in pursuing the merger proposal by McAfee Associates, which our board unanimously determined is not in the best interest of our shareholders and customers. "The Cheyenne board has always been and continues to be committed to achieving long-term value for the company's shareholders. However, I and the Cheyenne board have serious concerns about McAfee's business and the value of its stock." Mr. Huai further stated that he is shocked by the series of misstatements, misinformation mis·in·form tr.v. mis·in·formed, mis·in·form·ing, mis·in·forms To provide with incorrect information. mis and hyperbole by Bill Larson, McAfee's chief executive officer, since Monday. About Cheyenne Software Cheyenne Software Inc. is an international developer of essential software solutions for NetWare, Windows NT, UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , Macintosh, OS/2, Windows 3.1 and Windows 95 operating systems. Its enterprise-wide offerings include an array of storage management, security and communications products, including Cheyenne(R) HSM (1) (Hierarchical Storage Management) The automatic movement of files from hard disk to slower, less-expensive storage media. The typical hierarchy is from magnetic disk to optical disc to tape. , JETserve(TM), InocuLAN(R), FAXserve(TM), and its flagship product line, the ARCserve(R) family of network backup software. Cheyenne can be contacted at 800/243-9462 (U.S. or Canada) or 516/465-4000, or by visiting its WWW WWW or W3: see World Wide Web. (World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site. home page at: http://www.cheyenne.com. CONTACT: Kekst and Co., New York Roy Winnick/Richard Wolff, 212/593-2655 |
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