RAMTRON INTERNATIONAL FILES IPO WITH SEC
RAMTRON INTERNATIONAL FILES IPO WITH SEC NEW YORK, Jan. 6 /PRNewswire/ -- Ramtron Holdings, Ltd.
(ADRs-NASDAQ: MEMRY) today announced that its majority owned subsidiary, Ramtron International Corporation, has filed a registration statement with the Securities and Exchange Commission for the sale of between $15 to $20 million of its common stock.
Ramtron International develops, manufactures and markets leading- edge semiconductor memory products based on proprietary ferroelectric materials and advanced processing and design technologies. The proceeds from the initial public offering (IPO) will be used for working capital, increased marketing expenditures, production costs and equipment purchases. The company also announced that George Stathakis, chairman and CEO of Ramtron International has resigned from the board of directors of the parent Australian company to concentrate his activities on Ramtron International. -0- 1/6/92 /CONTACT: Brian L. Harcourt, chairman of Ramtron Holdings, in Sydney, Australia, 011-61-2-252-4055, or Mark Cohen of Cameron Associates, 212-644-9560, for Ramtron Holdings/ (MEMRY) CO: Ramtron Holdings Ltd. ST: New York IN: CPR SU: OFR
KD-OS -- NY065 -- 7027 01/06/92 16:16 EST
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|Date:||Jan 6, 1992|
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