LanOptics Changes its Corporate Name to EZchip Semiconductor
July 30 2008 - 7:00AM
PR Newswire (US)
YOKNEAM, Israel, July 30 /PRNewswire-FirstCall/ -- LanOptics Ltd.
(NASDAQ:EZCH), a provider of network processors, today announced
that it has formally changed its corporate name to EZchip
Semiconductor Ltd., effective July 22, 2008. The corporate name
change follows the change in the company's trading symbol to EZCH
in January 2008, and the company's acquisition of substantially all
of the outstanding shares of its subsidiary, EZchip Technologies.
"The new company name better reflects our corporate mission - to
make EZchip the leading network processor vendor," said Eli
Fruchter, CEO of EZchip. "Clients already know us by our EZchip
name. Combining the two company names under the EZchip brand name
concludes a long process of simplifying our corporate structure."
EZchip Semiconductor Ltd.'s shares are traded on the NASDAQ Global
MarketSM and the Tel-Aviv Stock Exchange under the symbol EZCH.
About EZchip EZchip is a fabless semiconductor company that
provides Ethernet network processors. EZchip provides its customers
with solutions that scale from 1-Gigabit to 100-Gigabit per second
with a common architecture and software across all products.
EZchip's network processors provide the flexibility and integration
that enable triple-play data, voice and video services in access,
metro and edge systems that make up the new Carrier Ethernet
networks. For more information on EZchip, visit our web site at
http://www.ezchip.com/. This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Forward-looking statements are statements that
are not historical facts and may include financial projections and
estimates and their underlying assumptions, statements regarding
plans, objectives and expectations with respect to future
operations, products and services, and statements regarding future
performance. These statements are only predictions based on
EZchip's current expectations and projections about future events.
There are important factors that could cause EZchip's actual
results, level of activity, performance or achievements to differ
materially from the results, level of activity, performance or
achievements expressed or implied by the forward-looking
statements. Those factors include, but are not limited to, the
impact of competitive products, product demand and market
acceptance risks, customer order cancellations, reliance on key
strategic alliances, fluctuations in operating results, delays in
development of highly-complex products and other factors indicated
in EZchip's filings with the Securities and Exchange Commission
(SEC). For more details, refer to EZchip's SEC filings and the
amendments thereto, including its Annual Report on Form 20-F filed
on March 27, 2008 and its Current Reports on Form 6-K. EZchip
undertakes no obligation to update forward-looking statements to
reflect subsequent occurring events or circumstances, or to changes
in our expectations, except as may be required by law. Contact:
Ehud Helft CCGK Investor Relations Tel: (US) +1-646-797-2868 /
+1-646-201-9246 EZchip Semiconductor Ltd. 1 Hatamar Street, P.O.
Box 527, Yokneam 20692, Israel Phone: +972-4-959-6666; Fax:
+972-4-959-4166 Email: Web: http://www.ezchip.com/ DATASOURCE:
LanOptics Ltd. CONTACT: Contact: Ehud Helft, CCGK Investor
Relations, , Tel: (US) +1-646-797-2868 / +1-646-201-9246; EZchip
Semiconductor Ltd., 1 Hatamar Street, P.O. Box 527, Yokneam 20692,
Israel, Phone: +972-4-959-6666; Fax: +972-4-959-4166, Email:
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