|
Sybase To Join
New York Stock Exchange
Move Recognizes
Sybase's Growth as a World-Class e-Business Company
Synopsis:
Sybase will move from Nasdaq to the New York Stock Exchange effective May
22, 2001
- Sybase will change its
ticker symbol from SYBS to SY.
- John Chen, chairman,
president and CEO of Sybase, Inc. will commemorate the occasion by
ringing the NYSE bell to open and close trading on May 22 - part of
an exciting Wall Street celebration.
- Like many vital Wall
Street institutions, the NYSE utilizes Sybase's technology.
Emeryville, CA - April 26, 2001 - SY will soon be the SYmbol
SYnonymous with SYbase. In a move that underscores the company's position
as a leading provider of e-Business software solutions, Sybase, Inc.
(NASDAQ: SYBS) today announced that it plans to join the New York Stock
Exchange (NYSE) for official listing on May 22. Its new ticker symbol
will be SY.
This move signifies another exciting development for Sybase, which has
swiftly accelerated from a database-only vendor to a leader in the
e-Business infrastructure arena. The company's customer base includes 90
percent of the world's securities firms and 60 percent of its banks.
Furthermore, the NYSE - considered the world's foremost securities
marketplace - also relies upon Sybase's technology.
Sybase, Inc. has been listed on the Nasdaq Stock Market under the ticker
symbol SYBS since its initial public offering in 1991. The move will be
commemorated to great fanfare with a unique celebration on Wall Street -
site of many of Sybase's leading customers, including the NYSE.
"On the heels of our most profitable year ever, Sybase has been
invited to join the NYSE. This is a major milestone in the history of
Sybase," said John Chen, chairman, president and CEO of Sybase.
"This is validation that Sybase is recognized as a profitable,
viable, global leader, who is providing meaningful products to the
marketplace, real-world solutions for its customers and tremendous value
to its shareholders. What better way to recognize this evolution than
with a move to the New York Stock Exchange, itself a symbol of the best
blue-chip companies, and to keep company with some of our best
customers." Chen will help commemorate the occasion by ringing the
opening and closing bell at the NYSE on May 22 and then join in festive
Wall Street celebrations, the details of which will be announced soon.
"The Exchange is proud and privileged to welcome Sybase to the
growing family of NYSE-listed companies," said Dick Grasso, NYSE
chairman and CEO. "As a leading global software enterprise, Sybase
delivers innovative integrated solutions that power the success of many
of the institutions at the center of finance, including the NYSE itself.
We look forward to our partnership with Sybase and the company's
shareholders."
The move to the NYSE is the latest proof point that Sybase has come into
its own as a leader in the e-Business infrastructure space. On February
20, Sybase announced an intent to acquire New Era of Networks (NEON), an
enterprise application integration provider. The acquisition is intended
to significantly advance Sybase's strategy to provide the most advanced,
complete, integrated e-Business solutions for doing business on the Web.
The acquisition of NEON is also expected to build on Sybase's strength as
a global supplier of software solutions for all enterprises.
Since its founding in 1984, Sybase has evolved into one of the largest
independent software companies in the world. A leading provider of
enterprise products and services - including enterprise portals (EP),
mobile and wireless technologies, and vertical solutions - Sybase enables
companies to build robust e-Business infrastructures for integrating,
managing, personalizing, and delivering information anywhere it is
needed.
About Sybase, Inc.
Sybase provides enterprise-class software solutions that fuel e-business
and enable access to information anytime, anyplace. With its
industry-leading Enterprise Portal, mobile and wireless and vertical
market solutions, Sybase is one of the largest global independent
software companies in the world. For more information, visit the Sybase
Web site: http://www.sybase.com.
# # # #
Sybase and the names
of its products mentioned are trademarks of Sybase, Inc., or its
subsidiaries. All other company and product names mentioned may be
trademarks of the respective companies with which they are associated.
Statements in this release that are not historical facts are forward
looking statements that involve a number of uncertainties and risks.
Factors that could cause actual events or results to differ materially
include the risks inherent in completing the acquisition of NEON, the
ability to integrate NEON into Sybase's business, the timely development
and market acceptance of the products and services of the combined
companies, Sybase's ability to remain competitive in a highly competitive
and rapidly changing marketplace, shifts in customer demand, rapid
technological changes, competitive factors, general business and market
conditions, and other factors described in the Company's reports filed
with the Securities Exchange Commission, including its Annual Report on
Form 10-K for the year ended December 31, 2000.
|
