CyberGuard Corporation Clarifies Recent Financial Announcements; Changes Name and Ticker Symbol; Robert L. Carberry Assumes Role as Chairman, President and CEO; Cancels Secondary Stock 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)--Aug. 6, 1996-- CyberGuard Corporation (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 summarized a series of recent financial events to provide a clear context for existing and potential shareholders as it begins to execute the CyberGuard strategic business plan. One June 26, 1996, the shareholders of Harris Computer Systems Corporation approved a name change to CyberGuard Corporation and additionally changed the stock symbol from NHWK to CYBG (NASDAQ) to form a new company solely focused on the development and marketing of the CyberGuard Firewall and other network security products. This new company was formed as a result of Harris Computer Systems Corporation's sale of its real-time computer business to Concurrent Computer Corporation  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . . At the same time, CyberGuard announced a proposed public offering of 2,500,000 shares of common stock and Robert L. Carberry officially assumed the role of chairman, president and chief executive officer of CyberGuard. Subsequently, CyberGuard on July 16, 1996 announced the postponement of the secondary offering of 2,500,000 shares and finally on August 5, 1996 announced the cancellation of that same secondary stock offering due to unfavorable market conditions. CyberGuard Corporation, with headquarters in Ft. Lauderdale, Florida, is the former Trusted Systems In the security engineering subspecialty of computer science, a trusted system is a system that is relied upon to a specified extent to enforce a specified security policy. As such, a trusted system is one which failure may break a specified security policy. Division of Harris Computer Systems Corporation. CyberGuard develops commercial network security products designed to protect data on computer networks from access by unauthorized users. The company targets organizations in industries such as finance, healthcare, communication, education, manufacturing and government that require a proven security solution. The CyberGuard Firewall has an operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. and networking product that have been tested and certified See certification. by the National Computer Security Center (NCSC (National Computer Security Center) The arm of the U.S. National Security Agency that defines criteria for trusted computer products, which are embodied in the Orange Book and Red Book. ) at the B1 level of trust and by the National Computer Association (NSCA NSCA National Systems Contractors Association NSCA National Strength & Conditioning Association NSCA National Society for Clean Air and Environmental Protection (UK) NSCA National Street Car Association NSCA Nebraska Sprint Car Association ). CyberGuard Corporation is a publicly held company and traded on the NASDAQ National Market System under the symbol `CYBG'. Product and security information can be accessed via the company's World Wide Web site at http://www.cyberguardcorp.com. -0- Note to Editors: For additional company or product information from CyberGuard Corporation via fax, please call 800/344-4297; via Internet, 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. CONTACT: CyberGuard Corporation Lisa Thornhill, 954/977-5615 or FitzGerald Communications Fred Bateman, 617/494-9500 |
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