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Technology Stocks : SDLI

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To: Toby who wrote (200)11/14/1997 9:26:00 AM
From: w2j2   of 297
 
SAN JOSE, Calif., Aug. 4 /PRNewswire/ -- SDL, Inc. (NASDAQ:SDLI)
announced today that John P. Melton, Executive Vice President, has taken on
the management of the Finance Department for the Company effective
immediately. In addition, Melton will assume the role of Chief Financial
Officer on an interim basis. Melton replaces Gregory C. Lindholm who is
leaving the Company to pursue other interests in the San Diego area.
Donald R. Scifres, chairman and chief executive officer, said, "We would
like to thank Greg for his contributions to SDL and we wish him the best in
the future. Since Greg joined the Company in 1985, our annual revenues
increased from $2 million to $82 million, and today with our new emerging
products and technologies, we are positioned to take a much larger share of
the market."
The Company is initiating a formal search to identify a permanent chief
financial officer. In the interim, Melton will handle the day-to-day finance
and administrative responsibilities. "John has more than 30 years of business
and financial management experience with SDL and other public companies. His
understanding of our business operations and our long-term goals will bring
significant insights to our finance department to help improve our financial
performance and overall success at managing our business," continued Scifres.
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