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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?


To: Will Fifer who wrote (10128)12/2/1999 4:38:00 PM
From: SteveG  Read Replies (1) | Respond to of 10479
 
"...Osicom also announced that its Optical Networking business unit has been named Sorrento Networks Inc., after its location in the northern San Diego high technology corridor known as Sorrento Valley. Chadha commented, ''We are taking a number of steps, consistent with our announcement on Form 8-K dated September 17, 1998, to establish Sorrento Networks as an autonomous business with its own management and Board of Directors, in anticipation of an Initial Public Offering of its stock. We have recently added to the Sorrento team some of the very best people in the fields of research engineering, systems engineering, finance, sales and marketing. Giving them their own identity as Sorrento Networks was a key step in the process first set out in our 8-K and will contribute to the climate of entrepreneurial creativity and momentum we are building..."