CyberGuard Corp. delays secondary public offering.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--July 16, 1996-- CyberGuard Corp. (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 :CYBG) today announced that due to market conditions, it has determined not to proceed with its previously announced public offering of common stock at this time. Management indicated that it believes existing market conditions do not reflect the fundamental value of the company and its prospects. Therefore, management feels it would be in the best interests of the company and its shareholders to delay the proposed public offering until market prices for the company's stock and market conditions are more favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. . CyberGuard Corp., with headquarters in Fort Lauderdale, develops commercial network security products designed to protect data on computer networks from access by unauthorized users. -0- Note to Editors: For additional company or product information from CyberGuard Corporation via fax, please call 800/344-4297; via Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , access their home page at http://www.cyberguardcorp.com. CyberGuard and CyberGuard Firewall are trademarks of CyberGuard Corp. All other trademarks are property of their respective owners. In the World Wide Web address noted in this news release, there is a double slash between http: and www.cyberguardcorp.com. These symbols may not appear properly in some systems. CONTACT: CyberGuard Corp., Fort Lauderdale Lisa Thornhill Thornhill may refer to:
954/977-5615 |
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