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Technology Stocks : COM21 (CMTO)

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To: DBrian who wrote (2343)	7/17/2003 9:59:24 AM
From: Francois Lavoie	of 2347

Com21 Files Voluntary Chapter 11 Petition Tuesday July 15, 4:05 pm ET MILPITAS, Calif., July 15 /PRNewswire-FirstCall/ -- Com21, Inc. (OTC Bulletin Board: CMTO - News), today announced that the Company has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the Northern District of California. The Company intends to utilize the Chapter 11 process to restructure the Company and plans to sell certain key assets including the DOCSIS CMTS product line and Com21's Irish subsidiary to ARRIS International, while retaining selected employees to facilitate the sale of those assets. In accordance with all applicable laws, vendors and suppliers who provided goods and services before today's filing may have pre-petition claims, which will be frozen pending court authorization of payment.

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