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Network Peripherals Inc. announces public offering.

MILPITAS, Calif.--(BUSINESS WIRE)--Nov. 3, 1994--Network Peripherals Inc. (NASDAQ: NPIX) announced that the registration statement for the public offering of 2,400,000 shares of its common stock was declared effective by the SEC on Nov. 2, 1994, and that those additional shares have begun to trade on the NASDAQ National Market System under the trading symbol NPIX.

The offering consisted of 1,250,000 shares sold by the company and 1,150,000 shares sold by certain selling stockholders. The public offering price was $22.25 and, at the closing, the offering is expected to result in net proceeds to the company of approximately $26,038,000.

Lehman Brothers and Smith Barney Inc. co-managed the offering. Copies of the final prospectus for the offering may be obtained from Lehman Brothers, American Express Tower, World Financial Center, 20 Vessey Street, New York, NY 10285, or Smith Barney Inc., 1345 Avenue of the Americas, New York, NY 10105.

Network Peripherals designs, develops, manufactures, markets and supports high performance client/server local area networking solutions based on advanced networking technologies, including Fiber Distributed Data Interface (FDDI), Asynchronous Transfer Mode (ATM) and switched Ethernet, designed to reduce network bottlenecks and congestion in client/server networks. The company's integrated solutions incorporate high performance network adapters, network operating system software drivers, concentrators, client/server switching hubs and network management software.

Network Peripherals is located at 1371 McCarthy Blvd., Milpitas, Calif., 95035; 408/321-7300, fax 408/321-9218.

CONTACT: Network Peripherals Inc.
 Truman Cole, 408/321-7337 (CFO)
 Fran Brooks, 408/321-7326 (investors)
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Publication:Business Wire
Date:Nov 3, 1994
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