Computer Access (NASDAQ:CATZ)
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Computer Access Technology Corporation Stockholders Approve
Merger at Special Meeting
SANTA CLARA, Calif., Oct. 27 /PRNewswire-FirstCall/ -- Computer Access
Technology Corporation ("CATC") (NASDAQ:CATZ) today announced that its
stockholders overwhelmingly approved the proposed acquisition of the company by
LeCroy Corporation during a special meeting held earlier in the day at the
company's Santa Clara, California headquarters. 99 percent of the shares voted
were in favor of the merger. The acquisition will be effected by the merger of
a wholly-owned subsidiary of LeCroy with CATC. CATC expects the merger to
close on October 29, 2004.
About CATC
CATC is a global communication protocols expert company, providing test and
measurement solutions for Computer I/O, Storage and Networking protocols,
enhancing productivity and time to market. CATC develops, manufactures and
markets advanced protocol analysis expert systems for established and emerging
digital communications standards including 1394, Bluetooth, Fibre Channel,
InfiniBand, PCI Express, SAS (Serial Attached SCSI), SATA (Serial ATA), SCSI,
and USB. Semiconductor, device, system and software companies use CATC's
products during each phase of their products' lifecycles from development
through production and market deployment. CATC's expert protocol analysis
systems allow customers to monitor communications traffic, diagnose design and
operational problems and confirm interoperability and standards compliance.
Technicians also use CATC's test and analysis products on production lines and
for maintenance of deployed systems and networks. CATC was founded in 1992 and
is headquartered in Santa Clara, California. For more information regarding
CATC and its products, please visit http://www.catc.com/ .
CATC Safe Harbor
This press release contains forward-looking statements based on CATC's current
expectations, such as the expected closing date of the merger. The
forward-looking statements in this press release involve risks and
uncertainties including, but not limited to, the ability to satisfy or have
waived all conditions to the closing of the merger, LeCroy's ability to fund
the merger purchase price, and other unexpected delays in closing the merger.
These and other factors that could cause actual results to differ materially,
are discussed in more detail in CATC's Proxy Statement filed September 28,
2004, Form 10K filed February 20, 2004, Form 10-K/A filed March 3, 2004, Form
10-Q filed August 13, 2004, and subsequent filings CATC may make with the SEC,
as amended, which can be viewed at the SEC's website at http://www.sec.gov/ .
DATASOURCE: Computer Access Technology Corporation
CONTACT: Jason LeBeck, Vice President and CFO of Computer Access
Technology Corporation, +1-408-727-6600
Web site: http://www.catc.com/