Viking Components Announces Record Revenue, Grants Employees 20 Million Shares of Stock Options.Business Editors/Hi-Tech Writers RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Feb. 27, 2001 Amid Industry Down-Turn, Viking Experiences 15% Growth, Adds Industry Veterans to Executive Team Viking Components, one of the world's largest manufacturers of OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and upgrade component technology, announced today that it has granted employees more than 20 million shares of stock options following its second straight year of record revenues. Despite the extreme price declines in the DRAM chip market, Viking experienced 15 percent revenue growth and finished 2000 with $388 million in revenue. "In a year when the memory market saw chip prices drop 75 percent, Viking successfully grew revenues to a record level by relying on our diversified markets, channels and product offerings," said Glenn McCusker, Viking Components founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Today we are involved in strategic changes to ensure continued success in the future, including, for the first time, rewarding employees with equity ownership in the company so they will eventually benefit from what they are creating here at Viking." In addition to achieving record revenues last year, Viking secured numerous strategic partnerships with industry-leading Original Equipment Manufacturers (OEM), Fortune 100 companies, resellers, and retailers, including Amazon.com, Egghead.com, Insight and CompUSA. Viking finished the year 2000 on market research firm PC Data's list of the top 50 hardware manufacturers in the retail channel and on PC Data's list of the top 25 hardware manufacturers in the mail order channel. Viking's continued accomplishments and worldwide growth potential has attracted industry veterans to its executive team. Most recently, Viking announced the addition of Michael Keddington as Viking's executive vice president of sales and marketing, Don Anzalone as vice president of purchasing and procurement, and Mike Nubel as vice president of marketing and product management. "We are enthusiastic about Viking's future. We are building an outstanding employee team, and will continue to expand product lines, diversify channels and secure partnerships to further strengthen our position as a premier worldwide memory manufacturer and ensure another year of record revenues in 2001," added McCusker. About Viking Components Viking Components Inc. is best known for its leadership position in the computer memory, flash and communication product marketplaces. Viking offers more than 2,000 products to leading OEM, VAR and retail businesses and markets its products through a broad network of worldwide distributors and reseller chains. Viking products include SDRAM (Synchronous DRAM) A type of dynamic RAM (DRAM) memory chip that has been widely used since the late 1990s. SDRAM chips eliminated wait states by dividing the chip into two cell blocks and interleaving data between them. , DDR, Rambus, and EDO memory modules; CompactFlash(TM), SmartMedia(TM) and ATA (1) (AT Attachment) The specification for IDE drives. See IDE. (2) See analog telephone adapter. ATA - Advanced Technology Attachment PC Cards; IntelliFlash(TM) USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. Flash Memory Reader See flash card reader. , IntelliFlash(TM) USB Memory Stick Reader; and PC Card and CompactFlash modems. Viking, one of three CMTL CMTL Chief Military Training Leader CMTL Center for Mathematics, Teaching and Learning (SM) Gold Certified Memory Manufacturers, has 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. registered facilities in its Rancho Santa Margarita, California Not to be confused with Santa Margarita, California, a community in San Luis Obispo County. Rancho Santa Margarita is a city in Orange County, California, United States. It is a newer, planned community set upon rolling hills. headquarters (ISO 9001) and its European headquarters based in Dublin, Ireland (ISO 9002). For more information about Viking Components, please call 800/338-2361 in the U.S., +353-1466-0090 in Europe, +65- 235 8832 in Singapore, or visit the Viking Web site at www.vikingcomponents.com. |
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