Larscom (NASDAQ:LARS)
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Larscom Incorporated Announces $5 Million Credit Line
NEWARK, Calif., June 9 /PRNewswire-FirstCall/ -- Larscom Incorporated
(NASDAQ:LARS), a leading provider of WAN connectivity and network access
equipment, today announced that it had agreed to a $5 million asset-based
credit line with Silicon Valley Bank.
"We are pleased to have established this credit line with Silicon Valley Bank,
a bank that understands and has a long history of support for high technology
enterprises," said Don Morgan, Larscom's chief financial officer. "This credit
line will provide us with flexibility in meeting our cash needs. We have also
chosen Silicon Valley Bank to provide for our general banking needs, including
investment management and lockbox services," concluded Morgan.
"We take pride in our continued relationships with leading technology companies
like Larscom," said Quentin Falconer, senior vice president, Silicon Valley
Bank. "Silicon Valley Bank strives to provide Larscom, and other emerging and
established technology companies, with creative solutions and diversified
financial services that will help them successfully execute their business
objectives."
About Larscom
Larscom enables high-speed access by providing cost-effective, highly reliable
(carrier-class), and easy-to-use network access equipment. In June 2003,
Larscom merged with VINA Technologies to create a worldwide leader in
enterprise WAN access for the delivery of high-speed data, and integrated voice
and data services with the deployment of more than 350,000 systems worldwide.
Larscom's customers include major carriers, Internet service providers, Fortune
500 companies, small and medium enterprises, and government agencies worldwide.
Larscom's headquarters are in Newark, California. Additional information can
be found at http://www.larscom.com/.
About Silicon Valley Bank
Silicon Valley Bank provides diversified financial services to emerging growth
and mature companies in the technology, life sciences and private equity
markets, as well as the premium wine industry. Through its focus on
specialized markets and extensive knowledge of the people and business issues
driving them, Silicon Valley Bank provides a level of service and partnership
that measurably impacts its clients' success. Founded in 1983 and
headquartered in Santa Clara, California, the company serves more than 9,500
clients across the country through 26 regional offices. More information on
the company can be found at http://www.svb.com/.
DATASOURCE: Larscom Incorporated
CONTACT: Donald W. Morgan of Larscom Incorporated, +1-510-492-0800
Web site: http://www.larscom.com/