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Technology Stocks : NETsilicon IPO (FIBR spin-off) -- Ignore unavailable to you. Want to Upgrade?


To: Brian who wrote (5)11/2/1998 11:15:00 AM
From: Brian  Read Replies (1) | Respond to of 24
 
More news:

biz.yahoo.com

Monday November 2, 7:16 am Eastern Time

Company Press Release

NETsilicon Appoints East and West Coast Sales Representatives Focus Technology, FirstRep and Quorum Technical Sales Target California and New England Territories

WALTHAM, Mass.--(BUSINESS WIRE)--Nov. 2, 1998--NETsilicon, Inc., a wholly-owned subsidiary of Santa Monica-based Osicom Technologies, Inc. (NASDAQ:FIBR - news) today announced it has signed manufacturers representatives from Focus Technology, FirstRep and Quorum Technical Sales to cover Northern and Southern California, and New England for NET+ARM, the first standards-based networking system to offer a single chip solution that, in conjunction with the physical interface and memory, encompasses all of the required hardware and software necessary to network-enable these electrical devices.

''The addition of these leading representatives expands our sales presence in key technology regions and is a significant step in expanding our nation-wide sales and support organization,'' comments Michael Romanies, vice president of marketing at NETsilicon.

The firms include the following territories and sales expertise:

Focus Technology covers the six New England states and employs approximately 12 sales and support staff representing more than six vendors in semiconductor and related fields.
FirstRep covers Southern California and Northern Nevada, and employs 13 sales and support staff covering more than 4,000 target accounts from three offices. The experienced staff has more than 100 years cumulative experience in the electronics industry representing over 6 principle vendors within their territories. Quorum Technical Sales covers Northern California and Northern Nevada, and employs approximately 12 sales and support staff representing some nine principle vendors within their territories.

Quorum is a highly recognized organization having been named Manufacturer's Representative of the Year by numerous vendors including: NEC, NCR, Brooktree, Yamaha, and Genesis. The experienced individuals in Quorum's sales group have been named Sales Person of the Year more than 25 times contributing to the reputation of the organization.

About NET+ARM

NETsilicon's NET+ARM is an embedded connectivity system that allows engineers to add Ethernet and Internet connections to their products by consolidating all the hardware and software subsystems onto a single chip. The integration of proven hardware and software helps OEMs speed time-to-market, cut unit costs, and simplify design when network-enabling their products. NET+ARM's hardware and software subsystems combine the power of Advanced Risc Machines, Ltd.'s (ARM's) 32-bit RISC processor, optionally Integrated Systems, Inc.'s (ISI's) pSOS real-time operating system (RTOS), and NETsilicon's complete networking and web-enabling software. Specifically, the software includes 10/100BaseT Ethernet and Internet protocols, HTTP and FTP client and server, web browser, mail servers, and a host of drivers and interfaces in a single chip.

Availability and Pricing

NET+ARM is available in two models. NET+ARM pSOS includes TCP and Internet networking - a comprehensive networking platform -- so that designers can focus their expertise on developing their own embedded applications. NET+ARM pSOS is priced at $27.50 for units of 10,000. NET+ARM NCC includes full NOS support (Novell, TCP/IP, Apple, Windows, Internet, and others) and full print/imaging server applications. Pricing is available upon request. NETsilicon is planning to begin shipments of the NET+ARM pSOS-15 (15 MIPs) and NET+ARM pSOS-40 (40 MIPs) in Q1 calendar year 1999.

About NETsilicon

The Company is a designer, manufacturer and supplier of embedded networking systems. The Company's networking silicon chip products and the accompanying networking software may be incorporated into the basic design of a wide variety of electrical devices, thereby enabling those devices to be connected to a Local Area Network (''LAN'') and the Internet. Such network connectivity makes it possible for those devices to be monitored and controlled from a remote location. The Company believes its family of embedded networking system products, the NET+ product line, is the first standards-based networking system to offer a single chip solution that, in conjunction with the physical interface and memory, encompasses all of the required hardware and software necessary to network-enable these electrical devices. The Company's technology is designed to have broad applicability and therefore may be incorporated into virtually any electrical device. The Company's NET+ products and predecessor products are currently contained in an array of imaging products, including printers, scanners, fax machines, copiers and multi-function peripherals manufactured by OEMs such as Minolta Corporation, NEC Corporation and Xerox Corporation. The Company's NET+ products are also in various stages of being incorporated by 21 OEMs into the design of other products in new markets, such as industrial automation equipment, communication devices, data acquisition and test equipment, internet devices and utility monitoring equipment.

For additional product information, please visit the NET+ARM website,
netarm.com or call toll free 888-NETARM4. For calls originating outside the United States, call 781-647-1234.

NET+ARM is a trademark of ARM Limited and is exclusively sublicensed to Osicom Technologies, Inc.'s NETsilicon's subsidiary. NETsilicon is a trademark of NETsilicon, Inc. All other trademarks are the property of their respective owners.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to develop, produce, and market products that incorporate new technology on a timely basis, that are priced competitively and achieve significant market acceptance; higher expenses associated with the development and marketing of new products; changes in product mix; risks of dependence on third-party component suppliers; inventory risks due to shifts in market demand; the presence of competitors with broader product lines and greater financial resources; intellectual property rights and litigation; needs for liquidity; and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission.