LANart appoints Yenke as chief executive officer.NEEDHAM, Mass.--(BUSINESS WIRE)--April 14, 1997--LANart Corporation, the leader in optimizing virtual, switched and shared connectivity solutions for the desktop, today announced the promotion of Howard W. Yenke to chief executive officer. In addition to responsibilities as chief executive officer, Yenke will continue his role as president of LANart, a position he has held since joining the Company in July 1996. Yenke will oversee daily operations and hold full profit and loss responsibility. "Mr. Yenke's expert managerial direction has been instrumental in LANart's growth," said Dr. Yoseph Linde, chairman of the board of directors for LANart Corporation. "With strong leadership skills and a solid financial background, Mr. Yenke complements LANart's technical innovations in fiber connectivity and port switching hub An intelligent network hub that attaches to multiple LAN segments. Via software, it allows the station ports to be connected to one of the segments. This is a type of virtual LAN, because one LAN segment can be located on different floors or geographic locations. technology." Before joining LANart, Mr. Yenke was president and chief executive officer of Enterprise Development Corporation, Inc. and Technology Deployment Holdings, Inc., two affiliated companies providing strategic marketing, planning and venture capital consulting services to emerging growth technology companies. Previously, Mr. Yenke was president and chief executive officer of Boca Research, Inc., a manufacturer of PC enhancement products. During his five-year tenure with the company, he directed company growth from $6 million to $84 million. Mr. Yenke also directed Boca Research, Inc. through a successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. as well as subsequent targeted company acquisitions. In addition, Mr. Yenke has more than 25 years of management experience with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . Positions included director of corporate community relations for US operations, regional controller for IBM New England and district manager -- mid-Atlantic states. Mr. Yenke is a member of the board of directors for Checkmate Electronics, Inc. (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 :CMEL CMEL Center for Management and Executive Leadership (FAA) CMEL Comprehensive Monitoring Evaluation Log CMEL Centre for Medicine Ethics and Law CMEL Classical Motional Electric Law CMEL Compliance Monitoring and Enforcement Logs ), Rexall Sundown, Inc. (NASDAQ:RXSD) and Communication Systems International, Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CSY). -0- About LANart Corporation An industry pioneer in developing next-generation ASIC-based technology, LANart designs and manufactures a full line of low-cost, high-functionality Ethernet LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. solutions. LANart's industry-leading product line, SegWay Adaptive Microsegmentable Hub, offers sophisticated desktop switching and virtual networking capabilities at highly competitive price points. Utilizing port switching technology, SegWay provides a way to distribute bandwidth intelligently, balancing traffic loads for workgroups, power users and servers -- all within an existing networking infrastructure of switches and routers at significant cost savings. LANart, an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified manufacturer, sells its products through a worldwide network of independent resellers, systems integrators, distributors and OEMs. LANart is chaired by Dr. Yoseph L. Linde, founder of Chipcom, a leader in the intelligent hub market. A privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , LANart is headquartered in Needham, Mass. SegWay Adaptive Microsegmentable Hub is a trademark of LANart Corporation. CONTACT: Alex Wallace, 617/520-9113 wallace@collaborative.com Julie Finn, 617/520-9112 finn@collaborative.com Collaborative Communications, Inc. |
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