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NETFRAME SYSTEMS ANNOUNCES INITIAL PUBLIC OFFERING OF 3 MILLION SHARES OF COMMON STOCK

 NETFRAME SYSTEMS ANNOUNCES INITIAL PUBLIC OFFERING
 OF 3 MILLION SHARES OF COMMON STOCK
 MILPITAS, Calif., June 4 /PRNewswire/ -- NetFRAME Systems Incorporated announced today that it has made an initial public offering of 3 million shares of its common stock at a price of $9 per share. Of the total shares, 2,470,649 were offered by the company and 529,351 were offered by certain of its stockholders. The offering was managed by Lehman Brothers and Cowen & Company.
 The company plans to use the net proceeds of the offering for general corporate purposes, including working capital.
 NetFRAME develops, manufactures, markets and supports a broad line of specialized computer systems, commonly known as "super servers," for local and wide area networks. NetFRAME's superservers are multiprocessor-based computers and are designed to provide network file, application and communication server functions. The company's products support the Novell NetWare and Microsoft OS/2 Lan Manager network operating systems. NetFRAME superservers range from the entry level NF100ES Departmental System priced at $12,950 to the fault tolerant NF450FT Enterprise System fully configured with 89 gigabytes of disk storage capacity priced at over $750,000.
 Copies of the prospectus relating to the offering may be obtained from Shearson Lehman Brothers Inc., American Express Tower, World Financial Center, New York, N.Y. 10285, or Cowen & Company, One Financial Square, New York, N.Y. 10005.
 -0- 6/4/92
 /CONTACT: Enzo Torresi or Robert P. Verheecke of NetFRAME Systems, 408-944-0600/ CO: NetFRAME Systems Incorporated ST: California IN: CPR SU: OFR


TS -- NY056 -- 7065 06/04/92 12:49 EDT
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Publication:PR Newswire
Date:Jun 4, 1992
Words:260
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