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Technology Stocks : Spectrum Signal Processing (SSPI) -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (415)	12/24/1997 12:07:00 PM
From: Pringles	Read Replies (1) \| Respond to of 4400

ALL..IMHO, To bad other management teams donot think like this...... [ Business \| US Market \| Industry \| IPO \| S&P \| International \| PRNews \| BizWire \| Finance Home ] Tuesday December 23, 7:17 pm Eastern Time Company Press Release CyberGuard Announces Stock Ownership Accumulation Plan for Executives Plan is designed to increase accountability and more closely align the interests of executive management with shareholders FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--December 23, 1997-- CyberGuard Corporation, (NASDAQ: CYBG - news), a leading provider of network security and electronic commerce solutions, today announced that the Board of Directors approved a stock ownership accumulation plan designed to have senior executives invest in the Company's performance and to improve shareholder value. Under the terms of the plan, senior executives will be required to accumulate company stock representing between one and three times their annual salary over time periods that vary depending on the level of the executive. This plan complements the incentive programs already in place, which are tied to the financial performance of the company and functional area objectives. ''In 1997 CyberGuard has accomplished many major objectives, including growing revenues by more than 65% over the corresponding nine calendar months of 1996,'' said Robert L. Carberry, Chairman and CEO of CyberGuard. ''We shipped major new award-winning firewall products, and entered the electronic commerce market through the acquisition of Tradewave. The Company's product lines are well positioned for 1998 with the readiness of the NT Firewall and the ongoing initiatives related to electronic commerce,'' Carberry stated. ''The Stock Ownership Accumulation Plan is designed to more closely align the interests of management with those of our shareholders.'' About CyberGuard CyberGuard Corporation (NASDAQ:CYBG - news) is a leading provider of network security and electronic commerce solutions to Fortune 1000 companies and governments worldwide. CyberGuard's award-winning, industrial-strength firewall and security products protect the integrity of data and applications from hackers and digital thieves. CyberGuard's subsidiary, TradeWave, provides certificate authority products and services to safeguard electronic-commerce applications. The US National Computer Security Center, the National Computer Security Association and the European Information Technology Security Evaluation Criteria have certified CyberGuard products. The company has US headquarters in Ft. Lauderdale, Florida and branch offices worldwide. More information on CyberGuard products and services is available through an email request to info@mail.cybg.com and from CyberGuard's web site at cyberguardcorp.com. For copies of recent press releases via fax, at no charge, call 800/344-4297. NOTE TO EDITORS: More information on CyberGuard products and services is available through an email request to info@mail.cybg.com and from CyberGuard's web site at www.cyberguardcorp.com . For copies of recent press releases via fax, at no charge, call 800/344-4297. Contact: Cyberguard Corporation, Fort Lauderdale Lisa Thornhill - Media and Investor Relations (954) 958 - 3904 lthornhill@mail.cybg.com More Quotes and News: Cyberguard Corp (Nasdaq:CYBG - news) Related News Categories: computers, software Help Copyright c 1997 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. Important Disclaimers and Legal Information Questions or Comments?