RICHARDSON, Texas--(BUSINESS WIRE)--Sept. 27, 1999--ODS Networks,
Inc. (Nasdaq:ODSI.O) today reported that the company holds a total of
513,830 shares of the common stock of Alteon WebSystems, Inc.
(Nasdaq:ATON).
Alteon WebSystems, previously a privately-held company, announced
its initial public offering of 4 million shares of its common stock at
$19 per share on September 24, 1999. Based on the closing selling
price per share of Alteon WebSystems common stock as reported on the
Nasdaq National Market on September 24, 1999, ODS' investment would be
valued at $38.5 million. ODS' investment is subject to fluctuations in
the trading price of Alteon Websystems' common stock and market
volatility. ODS has entered into a lock-up agreement with the
representatives of the underwriters for Alteon Websystems pursuant to
which ODS has agreed, among other things, not to sell shares of Alteon
Websystems held by ODS for a period of 150 days from the date of the
final prospectus related to the offering.
ODS Networks is a global provider of data and network security
solutions. ODS Networks' products are used by the U.S. Government and
private and public companies worldwide. ODS Networks provides
leading-edge software and hardware solutions that address the
network's most demanding bandwidth and security challenges. More
information on ODS Networks is available at ods.com.
Note to Editors: ODS is a registered trademark of ODS Networks, Inc.
All other trademarks are the property of their respective owners.
--30--lr/da*
CONTACT: ODS Networks
Billy Austin, 972/664-8040
or
Charleigh Shayne, 972/664-8061
KEYWORD: TEXAS
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED BANKING
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