Madge Networks and Compaq Computer Corporation Form Strategic Relationship in Token Ring Networking.WEXHAM SPRINGS, England--(BUSINESS WIRE)--May 18, 1998--Madge Networks (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 :MADGF), a world-wide supplier of networking solutions, and Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. (NYSE NYSE See: New York Stock Exchange :CPQ CPQ Compaq CPQ Conseil du Patronat du Québec (Canada) CPQ Configure-Price-Quote CPQ Conseil de Presse du Québec (Québec Press Council, Canada) CPQ Companion Parrot Quarterly ) have formed a new strategic relationship allowing Compaq to incorporate Madge's advanced Token Ring A local area network (LAN) access method developed by IBM. Conforming to the IEEE 802.5 standard, Token Ring uses a token ring access method and connects up to 255 nodes in a star topology at 4, 16 or 100 Mbps. technology in its future products. The move significantly extends the base of Token Ring users who will use Madge technology in their networks. Under the terms of the relationship, it is planned that certain Compaq Token Ring adapter A network adapter used in a Token Ring network. See network adapter. products will incorporate Madge's Ringrunner(tm) silicon technology and its unique single software driver technology to allow Compaq to offer its customers powerful Token Ring solutions. Madge's software driver technology will enable Compaq customers to standardize on one driver across Compaq's TI based Token Ring adapters. "With Compaq and Madge Networks working together we plan to support and enhance Token Ring industry standards with innovative products well into the future. We entered the new relationship with Madge Networks as we are impressed with their products and technology, the company's leadership position in the Token Ring market, and its ease in doing business," said B. J. Johnson, vice president for Compaq's networking products. "Compaq is committed to supporting its Token Ring customers and helping to advance the Token Ring market. Our new relationship with Compaq is a winning situation for Compaq customers, as it combines the strengths of Compaq in the corporate desktop and server market with Madge's strength in the Token Ring market," added Michael Wilson, vice president of Madge Token Ring Solutions. For our part, the move provides Madge with additional channels to market our technology, making Madge at the Token Ring desktop even more prevalent." About Madge Networks Founded in 1986, Madge Networks (NASDAQ: MADGF) is a worldwide supplier of advanced networking solutions. A manufacturer of award-winning adapter cards, workgroup switching and backbone products, Madge has pioneered advances in Token Ring, ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. , video networking and ATM technologies. The company is developing High Speed Token Ring (HSTR HSTR Harry S Truman National Historic Site (US National Park Service) HSTR High Speed Token Ring ) technology, and is currently Vice Chair of the HSTR Alliance. Madge is committed to providing key components of converged networks - networks which handle simultaneous data, video and voice traffic. Madge's main business centres are located at Wexham Springs, United Kingdom and Eatontown, New Jersey Eatontown is a Borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,008. What is now Eatontown was originally incorporated as Eatontown Township . The company serves its international customer base through a global network of distributors and resellers. Information about Madge's complete range of products and services can be accessed on the World Wide Web at http://www.madge.com. Madge, the Madge Logo and Ringrunner are trademarks, and in some jurisdictions may be registered trademarks, of Madge Networks or its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . Other trademarks appearing in this documents are the property of their respective owners. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and Statement Investors should take note that certain statements in this press release are forward-looking and may not give full weight to all of the potential risks (e.g., difficulty of developing high technology products, intense industry competition, need for compatibility with personal computer architectures and standards, and changed priorities and resource allocation resource allocation Managed care The constellation of activities and decisions which form the basis for prioritizing health care needs resulting from these and other factors). Forward-looking statements included in this press release include statements which refer to significantly extending the base of Token Ring users who will use Madge technology in their networks, incorporation of Madge silicon technology and software driver technology into future Compaq products, standardization of drivers, providing additional channels to market Madge technology, making Madge at the Token Ring desktop even more prevalent and other statements which are not completely historical. Actual results, actions or events could differ materially. For more information on risk factors, please refer to Madge's SEC filings, including Madge's most recent SEC filings on Form 6-K. CONTACT: Zoe White Deborah Hermans Madge Networks Keene Communications Tel: 44 (0) 1753 661 517 Tel: 44 (0) 171 439 7227 Email: zwhite@madge.com Email: madge@keene.com or In Europe In USA Louise Smart Technology Solutions Tel: 1 212 696 2000 Email: lsmart@tsipr.com |
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