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Engenio Information Technologies Postpones Initial Public
Offering
MILPITAS, Calif., July 29 /PRNewswire-FirstCall/ -- Engenio Information
Technologies, Inc. (NYSE:NGE) and LSI Logic Corporation (NYSE:LSI) today
announced the postponement of Engenio's Initial Public Offering (IPO) of its
common stock due to present market conditions.
Engenio intends to evaluate market conditions for a more appropriate time.
This news release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any
jurisdiction, if such offer, solicitation or sale would be unlawful prior to
registration of qualification under the securities laws of any such
jurisdiction.
Safe Harbor Statement:
This news release contains forward-looking statements relating to the timing of
the proposed initial public offering of Engenio's Class A common stock. Actual
events could differ materially as a result of many factors including market
conditions, investor demand for initial public offerings, Engenio's business
and financial performance, and general economic, business, competitive or
regulatory conditions.
About Engenio Information Technologies, Inc.
Engenio Information Technologies, Inc., a subsidiary of LSI Logic Corporation,
designs and manufactures high performance modular enterprise storage platforms
and storage management software that is delivered to end users through
strategic partners. IBM, SGI, StorageTek and Teradata are among the partners
who deliver total solutions with unique combinations of hardware, software and
services for applications including transaction processing, e- mail, data
warehousing and scientific research. Engenio is headquartered at 1621 Barber
Lane, Milpitas, CA 95035. For more information, visit http://www.engenio-/
it.com.
About LSI Logic Corporation
LSI Logic Corporation is a leading designer and manufacturer of communications,
consumer and storage semiconductors for applications that access, interconnect
and store data, voice and video. In addition, the company supplies storage
network solutions for the enterprise. LSI Logic is headquartered at 1621 Barber
Lane, Milpitas, CA 95035, http://www.lsilogic.com/
Editor's Notes:
1. All Engenio news releases (financial, acquisitions, manufacturing,
products, technology, etc.) are issued exclusively by PR Newswire and
are immediately thereafter posted on the company's external website,
http://www.engenio-it.com/ .
2. Engenio and the Engenio logo design are trademarks or registered
trademarks of Engenio Information Technologies, Inc.
3. All other brand or product names may be trademarks or registered
trademarks of their respective companies.
DATASOURCE: LSI Logic Corporation; Engenio Information Technologies, Inc.
CONTACT: William Kurtz of Engenio Information Technologies, Inc.,
+1-408-433-7029, or ; or Kevin Brett of LSI Logic
Contact, +1-408-433-7150, or
Web site: http://www.lsilogic.com/