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Technology Stocks : SMSC Standard Microsystems
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To: dwight vickers who wrote (255)10/10/1997 11:05:00 AM
From: jelrod3   of 335
 
TO ALL:

Standard Microsystems Appoints Arthur Sidorsky President

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Oct. 10, 1997--Standard Microsystems Corporation
(NASDAQ:SMSC) announced today that, consistent with its recently announced sale of a majority interest in its
System Products Division to Accton Technology Corporation, and its return to its roots as a supplier of
semiconductor integrated circuit components, it has promoted Mr. Arthur Sidorsky to the position of President. Mr.
Sidorsky had previously been SMSC's Executive Vice President, in charge of the Company's Component Products
Division. Mr. Sidorsky will continue to report to Mr. Paul Richman, Standard Microsystems Corporation's Chairman
of the Board and Chief Executive Officer.

The share price did NOT react to this news in a positive way, as far as things stand at 11:01 am EDT...note that SMSC is returning to its "roots."
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