Printer Friendly

VIEWLOGIC SYSTEMS OFFERS COMMON STOCK

 VIEWLOGIC SYSTEMS OFFERS COMMON STOCK
 NEW YORK, Dec. 18 /PRNewswire/ -- Donaldson, Lufkin & Jenrette


Securities Corporation, Alex. Brown & Sons Incorporated and Wessels, Arnold & Henderson, as managers of the underwriting group, announced today the initial public offering of 3,500,000 shares of Viewlogic Systems, Inc., common stock at $13 a share. Of the shares being sold, 1,800,000 shares are being sold by the company and 1,700,000 shares are being sold by selling stockholders.
 Certain selling stockholders have granted the underwriters an option to purchase 525,000 shares to cover over-allotments.
 The company plans to list its stock on the NASDAQ National Market System under the symbol VIEW.
 Viewlogic said that it will use the proceeds from the stock sale for working capital and general corporate purposes, and may use some of the money to acquire related businesses or products.
 The company, based in Marlboro, Mass., develops, markets and supports a comprehensive family of software tools that aid engineers in the design of advanced electronic products. Viewlogic's Workview family of software products automates the design, simulation, synthesis, analysis and verification of integrated circuits (ICs), printed circuit boards (PCBs) and entire electronic systems. Viewlogic is a leading supplier of innovative CAE solutions for the design of Application Specific Integrated Circuits (ASICs) and Field Programmable Gate Arrays (FPGAs).
 -0- 12/18/91
 /CONTACT: Ronald R. Benanto of Viewlogic, 508-480-0881/
 (VIEW) CO: Viewlogic Systems, Inc. ST: Massachusetts IN: CPR SU: OFR


GK -- NY007 -- 3264 12/18/91 08:59 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 18, 1991
Words:249
Previous Article:INFOTRAX COMMUNICATIONS ANNOUNCES RECORD EARNINGS
Next Article:BIOSPECIFICS TECHNOLOGIES REPORTS RESULTS
Topics:


Related Articles
VIEWLOGIC SYSTEMS REPORTS RECORD FOURTH-QUARTER AND YEAR-END RESULTS; 1991 REVENUES INCREASE 38 PERCENT; INCOME MORE THAN DOUBLES
VIEWLOGIC STRENGTHENS PRESENCE IN JAPAN
VIEWLOGIC SYSTEMS REPORTS SECOND-QUARTER RESULTS Net Income Increases 134 Percent on 30 Percent Revenue Increase
VIEWLOGIC SYSTEMS REPORTS SECOND-QUARTER RESULTS; NET INCOME INCREASES 134 PERCENT ON 30 PERCENT REVENUE INCREASE
VIEWLOGIC WILL SUPPORT NEW ALPHA AXP
DIGITAL STANDARDIZES ON VIEWLOGIC'S VIEWPLD: DIGITAL PURCHASES COULD EXCEED $3 MILLION OVER NEXT 2 YEARS
VIEWLOGIC INTRODUCES FIRST COMPLETE SUITE OF ELECTRONIC DESIGN TOOLS FOR USE ON PCS WITH MICROSOFT WINDOWS
VANTAGE ANALYSIS SYSTEMS TO MERGE WITH VIEWLOGIC SYSTEMS
VIEWLOGIC SYSTEMS COMPLETES ACQUISITION OF VANTAGE ANALYSIS SYSTEMS, INC.
VIEWLOGIC INVESTS IN SUNRISE SYSTEMS; VIEWLOGIC SECURES CORE TEST TECHNOLOGY FOR EXPANDING BEST-OF-BREED DESIGN TECHNOLOGY

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters