Cypress signs Axis Components as new distributor.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 15, 1995--Cypress Semiconductor Corp. (NYSE NYSE See: New York Stock Exchange : CY) today announced the signing of Axis Components Inc., as a new distributor of Cypress products in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Axis, which has a reputation for focused distribution in key product areas, will distribute Cypress's broad product line of high-performance integrated circuits. According to Dan McCranie, Cypress vice president of sales and marketing, "Axis is a key addition to our distribution network, with its fast growth and highly technical orientation. Their entrepreneurial approach is a good match for Cypress, as we continually seek innovative ways to distribute our products." Cliff Keller, president of Axis, stated, "I am very impressed with Cypress's ability to gain and maintain leadership in so many high-technology product areas. The addition of Cypress allows Axis to fill a broad range of customer needs with one supplier, making them the cornerstone line on our line card." Axis is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Memec International Components Group. Memec is a global electronics distribution company, with sales this year of over $1 billion, over half of which are in semiconductors. Axis is a specialist distributor, selling only semiconductors and their associated design tools. Axis maintains a decentralized de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. operating structure, allowing it to sell and market quickly in local markets. Axis maintains offices throughout California, in Denver, and in Salt Lake City. They plan on continued expansion of inside and outside sales teams and field applications resources in their current markets, as well as opening new branches in Texas before the end of this year. Cypress Semiconductor Corp. is an international supplier of high-performance integrated circuits with worldwide headquarters in San Jose. The company provides a broad range of products for leading computer, networking, and telecommunications companies worldwide. The company's product line includes static RAM and EPROM EPROM in full erasable programmable read-only memory Form of computer memory that does not lose its content when the power supply is cut off and that can be erased and reused. memories, programmable logic devices (PLDs), field-programmable gate arrays (FPGAs), data communications products, and personal computer chipsets and timing devices. Cypress shares are listed on 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 CY. The company has a site on the World Wide Web at http://www.cypress.com, and offers a fax-on-demand service at 800/213-5120 or 408/943-2798 outside North America. CONTACT: Cypress Semiconductor Corp. Manny Manny may refer to: In nobility:
John Hamburger, 408/943-2902 (media) |
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