Hey, new hype from Crane...
So the question is, will this move the price up? Not if the last hour and a half is any indication. . . But maybe for fun we should all cover our shorts at 4 1/2, take long positions and ride this dog up to 6, only to short it back down below 5 again. . .
The Panda Project Announces Order From Taiwan
Business Wire - April 21, 1998 10:56
BOCA RATON, Fla.--(BUSINESS WIRE)--April 21, 1998--The Panda Project Inc. (NASDAQ:PNDA) Tuesday announced it has
received a pre-production order from Tamarack Microelectronics Inc. in Taiwan for a 264 pin VSPA(tm).
The order is a follow-on to the prototype order received in October, and is the next step in the commercialization of VSPA, or
PQFP-B as it is known in Taiwan. Panda will supply the finished assemblies to Tamarack for the packaged semiconductor die.
Stanford W. Crane Jr., president and CEO of The Panda Project Inc. said: "We are now moving to the next phase with Tamarack.
Panda has been working with Dr. Huang and his team at Tamarack on maximizing semiconductor performance through the
introduction of our VSPA packaging technology." Crane also disclosed several other projects underway at Tamarack centered
around VSPA stating: "It appears our next program with Tamarack will be a 360 pin single chip module which will go into production
in the next few months. Additionally, Dr. Huang has been working with Panda on silicon bridge chips for the VSPA M series
programs."
Dr. Mark Huang, president of Tamarack Microelectronics will deliver a paper on VSPA and its advantages to fellow semiconductor
professionals at the IMAPS seminar in Taiwan on Wednesday April 22, 1998. Dr. Rao Tummala, director of The Packaging
Research Center, Georgia Tech will also be speaking at this important Asian meeting. Dr. Tummala is a member of The Panda
Project Board of Directors.
Forward-looking statements in this release, including statements concerning commercialization of and production of the VSPA(tm)
product and future VSPA development programs, are based on information available to the company as of the date hereof and
involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from
those indicated by such forward-looking statements are delays in product development, competitive pressures, general economic
conditions, risks of intellectual property litigation, and the risk factors detailed from time to time in the company's periodic reports and
registration statements filed with the Securities and Exchange Commission.
Visit The Panda Project on the World Wide Web at www.pandaproject.com.
CONTACT: The Panda Project Inc., Boca Raton
Jeff Mehler, Investor Relations
561/994-2300
or
Investor Relations Contact:
International Investor Relations Group
Loren Brown, 407/865-9433
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