Yes I'm in the the stock again at 7 1/2. Theres has been a lot of positive news.
Madge Networks Continues to Strengthen its Position in Token Ring
Adapter Market; 1996 IDC Figures Show Madge Strengthening Its
Position In Market To 20 Percent Of Token Ring Adapter Sales
Business Wire - April 04, 1997 20:29
FINANCIAL SUB-MADGE-NETWORKS MADGF CALIFORNIA COMPUTERS ELECTRONICS COMED INTERACTIVE
MULTIMEDIA INTERNET PRODUCT V%BW P%BW
SAN JOSE, Calif.--(BUSINESS WIRE)--April 4, 1997--Madge Networks, a leading worldwide provider of end-to-end
switched networking solutions, today announced independent confirmation that it is continuing to increase its share of the
Token Ring market, remaining second only to IBM in the worldwide Token Ring adapter market through 1996. The company
also demonstrated its continued leadership in the Token Ring market with the announcement of Madge Presto(TM) PCI
(please see related news release), as well as with the world's first Token Ring adapter for next-generation laptop computers
based on CardBus technology.
"Growing at 20 percent year-to-year, Madge had a strong rate of increase in Token Ring adapter unit sales worldwide in 1996
and upped its market share to 20 percent," said IDC analyst Justin Smith. "With Presto PCI and its new CardBus adapter,
Madge is clearly signaling its intention to strengthen its position in the Token Ring adapter market."
Madge is first to market with a new CardBus adapter, designed for the next generation of laptop computers with 32-bit
CardBus slots. It delivers enhanced performance for mobile users and provides greater reliability with popular operating
systems for simplified installation and use. The CardBus adapter demonstrates Madge's continuing commitment to Token Ring
technology and allows users to deploy CardBus-based technologies as they become widely available.
"Madge's history of Token Ring technology leadership -- including being first to market with Dedicated Token Ring products
as well as our key role in developing the Token Ring LAN Emulation standard for ATM -- have paid off in our expanding
position in the market," said Ken Woods, vice president of Madge's Desktop Business Unit. "Looking ahead, with Presto PCI
and our CardBus adapter, we will continue to deliver solutions based on value, innovation and technical excellence for our
customers."
About Madge Networks
Madge Networks (NASDAQ:MADGF) is a leading worldwide supplier of end-to-end switched networking solutions for
large enterprises, with a special focus on multiservice networking, i.e., networks which will be able to support integrated data,
video and voice. The company, an originator of ATM, Ethernet, ISDN and Token Ring technology, offers a range of products
from desktop connections through LAN and WAN switches and enterprise network management software. Madge is
recognized for its customer support without limits, technology excellence and end-to-end networking expertise . It serves its
multinational customer base in more than 20 countries worldwide from five major business centers located in Hong Kong,
London, San Jose, Tel Aviv and Tokyo.
Private Securities Litigation Reform Act Statement
Statements in this press release which refer to growth, market leadership, product features, and performance and other
statements which are not completely historical are forward-looking statements that may not give full weight to all of the
potential risks (e.g., competition, competitive products, the difficulty in predicting schedules for and the development of
high-technology products, product demand and market acceptance, and rapid changes in technology). These statements may
differ materially from actual future events or results. For more information on risk factors, please refer to Madge's SEC filings,
including Madge's most recent SEC filings on Form 6-K.
Note to Editors: Madge, the Madge Logo and Presto PCI are trademarks, and in some jurisdictions may be registered
trademarks, of Madge Networks or its affiliated companies. Other trademarks appearing in this document are the property of
their respective owners.
CONTACT: Madge Networks
Stacy Biesen-Giese, 408/952-9437
sbiesen@madge.com
or
Madge Networks
Bill Jeppesen, 408/952-9014
bjeppese@madge.com
REPEATS: New York 212-752-9600 or 800-221-2462; Boston 617-236-4266 or
800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820-9473 |
