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CATZ Computer Access Technology (MM)

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Share Name Share Symbol Market Type
Computer Access Technology (MM) NASDAQ:CATZ NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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Computer Access Technology Corporation Stockholders Approve Merger at Special Meeting

27/10/2004 8:45pm

PR Newswire (US)


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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/

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