-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LgK4g83G1PIyBEydxOqmHkogJPjNoLCortPvqKl8BW6XASnMXAmTz0keX52PNL4A AtzU4XxDbnJHmfAqqP6fwA== 0001104659-02-004341.txt : 20020820 0001104659-02-004341.hdr.sgml : 20020820 20020820163848 ACCESSION NUMBER: 0001104659-02-004341 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020820 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AVOCENT CORP CENTRAL INDEX KEY: 0001109808 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 912032368 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30575 FILM NUMBER: 02743978 BUSINESS ADDRESS: STREET 1: 4991 CORPORATE DRIVE CITY: HUNTSVILLIE STATE: AL ZIP: 35805 BUSINESS PHONE: 2564304000 MAIL ADDRESS: STREET 1: 4991 CORPORATE DRIVE CITY: HMTSVILLE STATE: AL ZIP: 35805 FORMER COMPANY: FORMER CONFORMED NAME: AEGEAN SEA INC DATE OF NAME CHANGE: 20000323 8-K 1 j4878_8k.htm 8-K

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

 

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

 

Date of report (Date of earliest event reported):  August 20, 2002

 

 

AVOCENT CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

DELAWARE

000-30575

91-2032368

(State of Incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

 

 

4991 CORPORATE DRIVE

HUNTSVILLE, ALABAMA 35805

(Address of Principal Executive Offices / Zip Code)

 

 

(256) 430-4000

(Registrant’s telephone number, including area code)

 

 



 

Item 5.    Other Events and Regulation FD Disclosures.

 

                On August 20, 2002, Avocent publicly disseminated a press release announcing that it had completed the acquisition of 2C Computing, Inc.  The information contained in the press release is incorporated herein by reference and filed as Exhibit 99.3 hereto.

 

Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits.

 

(c)           Exhibits.

 

99.3         Press Release dated August 20, 2002.

 

 

SIGNATURE

 

                Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

AVOCENT CORPORATION

 

 

 

 

Dated: August 20, 2002

By:

/s/ Douglas E. Pritchett

 

 

 

Douglas E. Pritchett

Senior Vice President of Finance, Chief Financial Officer

and Treasurer

 

 

2



EXHIBIT INDEX

 

Document

 

Page Nos.

Press Release dated August 20, 2002

 

Exhibit 99.3 - 1

 

 

 

3


EX-99.3 3 j4878_ex99d3.htm EX-99.3

Exhibit 99.3

 

 

Contact:

 

Dusty Pritchett

 

 

 

Senior Vice President of Finance and

 

 

 

Chief Financial Officer

 

 

 

256-217-1300

 

AVOCENT ACQUIRES 2C COMPUTING

 

                HUNTSVILLE, Ala. (August 20, 2002) - Avocent Corporation (Nasdaq:AVCT) today announced that it has completed the acquisition of 2C Computing, Inc.  2C is a developer of digital extension technology that splits the PCI bus of a PC, allowing the PC motherboard, processor, hard drive, etc. to be located at a distance from the user and connected using CAT 5 or fiber cable.  2C was acquired for approximately $22.8 million in cash.

 

                 “We are excited about expanding our digital product solutions to the enterprise desktop market with the acquisition of 2C Computing,” stated John R. Cooper, president and chief executive officer of Avocent Corporation.  “We believe the 2C acquisition will significantly advance our technology for controlling a PC beyond traditional KVM extension solutions.”

 

                “2C will form the core of our new ‘Digital Desktop Division’ and will include key personnel from 2C and Avocent’s Trading Floor Solutions Group.  Their initial focus will be to accelerate marketing of the 2C product line, expand market channels for the 2C products, and intensify product development activities.  We believe we have excellent opportunities to expand the markets for 2C products with our strong research and development staff, our recently acquired ASIC expertise, and digital video compression capabilities.”

                The 2C product line includes a “CstationTM” box that is nearly the size of a monitor stand and is located at the remote user’s location.  It is connected via CAT 5 or fiber cable to a PCI card in the remote PC.  At the user’s location, the keyboard, video and mouse are plugged into the Cstation that also includes USB, serial, audio, and parallel device connectivity.  Video quality of the Cstation is superior to any other current extension technology on the market since the video card is included in the Cstation at the user’s desk.  Initial applications for the product include trading floors where space is at a premium, industrial plant control environments that benefit from remote computers due to harsh environments, and government installations that require high security afforded through the remote location of the computer and hard disk. 2C began shipping its latest product in April 2002. 

 

About Avocent Corporation

                Avocent Corporation is the leading supplier of connectivity solutions for enterprise data centers, service providers, and financial institutions worldwide.  Branded products include switching, extension, remote access, and video display solutions.  Additional information is available at: www.avocent.com . 

 

Forward-Looking Statements

                This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995.  These include statements regarding earnings expectations, market opportunity, the potential market for Avocent’s products and technologies in the future, product development and new product introductions, and engineering and design activities.  These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made, including the risks associated with general economic conditions, risks attributable to future product demand, sales, and expenses, risks associated with reliance on a limited number of customers, component suppliers, and single source components, risks associated with product design efforts and the introduction of new products and technologies, and risks related to OEM sales.  Other factors that could cause operating and financial results to differ are described in Avocent’s annual report on Form 10-K filed with the Securities and Exchange Commission on March 29, 2002.  Other risks may be detailed from time to time in reports to be filed with the SEC.  Avocent does not undertake any obligation to publicly update its forward-looking statements based on events or circumstances after the date hereof.  

 

 

 

4


-----END PRIVACY-ENHANCED MESSAGE-----