Friday, October 28, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Researchers Reach Human Parity in Conversational Speech Recognition
EU Privacy Authorities Warn WhatsApp on Data Privacy Policy, Yahoo on Breach
LG Says OLED TVs to Account for 50 Percent of Premium TV Market In The Following Years
LaCie Announces Fastest Desktop Storage Solutions And Thunderbolt 3 Portfolio
Acer to Support the Windows Holographic Platform
Samsung's Upcoming Galaxy S8 Smartphone To Feature Changes In Hardware, Get Artificial Intelligence Services
Fujitsu' New IP-HE950 Encoder and Decoder Offer real-time 4K Video Transmission
New G-Technology G-DRIVE Portable SSDs Feature USB-C Connectivity
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Optical Storage > Adaptec...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, February 21, 2001
Adaptec's Roxio subsidiary files form 10

"...Adaptec announced its wholly owned subsidiary, Roxio, has filed a Form 10 with the Securities and Exchange Commission (SEC), today, in order to proceed with its planned spin-out from Adaptec. As previously announced, Adaptec has decided to spin its software business out so each company can concentrate on its unique growth objectives: Adaptec concentrating on improving access to and protection of information stored on servers, networks and desktops, and Roxio focusing on digital media.

Upon acceptance of the filing by the SEC, and formal approval by the Adaptec board of directors, Adaptec plans to distribute all of the shares of Roxio to the existing Adaptec shareholders in one distribution, which is contemplated to take place in April. Adaptec's goal is for the distribution to be tax-free.

Adaptec initially had proposed a two-step spin, including an Initial Public Offering for its software division. Adaptec withdrew its IPO plans for Roxio in January when tech sector market conditions proved unfavorable. The one-step spin now planned for Roxio will get public shares on the market without an IPO. Upon the distribution of the Roxio shares to Adaptec shareholders, Roxio's securities will then be traded on NASDAQ under the symbol "ROXI"..."

MPEG-4's role unclear in streaming-media era        All News        MPEG-4's role unclear in streaming-media era
MPEG-4's role unclear in streaming-media era     Optical Storage News      MPEG-4's role unclear in streaming-media era

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
Roxio Creator NXT 5 Supports Disc Burning With Multi-Camera Video Editing
Roxio Toast 15 Digital Media Toolkit Adds New Video Editing Tools and Privacy Protection
New Roxio Secure Burn Enterprise Protects Information on Portable Media
Roxio Secure Burn Enables Secure Data Recordings On Portable Media
Roxio Creator NXT 4 Lets You Create, Share and Burn Photo and Video Projects
Roxio Toast 14 Offer Easy Photo, Video and Music Sharing for Social Media and New Devices
Roxio Secure Burn Enterprise Released
New Roxio Creator NXT 3 Delivers Fast Movie-Making
New Roxio Toast 12 Delivers Digital Media Power for Mac
CeBIT 2014: Adaptec to Showcase 12Gb/s SAS and Tiering Storage Solutions
Roxio Creator NXT 2 Now Available
PMC Unveils Complete 12Gb/s SAS Storage Solution

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .