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Technology Stocks : ADSP - Ariel -- Ignore unavailable to you. Want to Upgrade?


To: ForYourEyesOnly who wrote (1207)6/11/1998 3:08:00 PM
From: Anthony Wong  Respond to of 2263
 
Ariel Corp. to Sell Assets of DSLAM Group to Cabletron
Thursday June 11, 2:09 pm Eastern Time

ARIEL CORP. Signs Definitive Pact to Sell Assets of DSLAM Group to
Cabletron Systems Inc.

June 11, 1998, Ariel Corp. (Nasdaq:ADSP - news) announced that it entered into a definitive agreement to sell all the assets of its DSLAM group to Cabletron Systems Inc. (NYSE:CS - news) for approximately $33.5 million in cash.

ADSP noted that CS will enter into employment agreements with the DSLAM team members that will include sign-on, performance and staying bonuses.

biz.yahoo.com



To: ForYourEyesOnly who wrote (1207)6/11/1998 3:17:00 PM
From: Anthony Wong  Respond to of 2263
 
Ariel sees Q2 sales shortfall
biz.yahoo.com
Ariel Comments on Outlook for Second Quarter; Results to be Below Expectations
biz.yahoo.com