SV)(NYSE:EXE) announced that the annual dividend rate applicable to its Class I Adjustable Dividend Preferred Shares, Series 3 (the "Series 3 Shares") is 2.
Holders of Series 3 Shares are entitled, at their option, to convert all or any of the Series 3 Shares held by them into fully paid, non-assessable Series 4 Shares on a share- for-share basis on February 16, 2006.
Conversion of either the Series 3 or Series 4 Shares may be effected by providing written notice to Computershare Trust Company of Canada (the "Transfer Agent") in the form of the conversion panel on the back of the certificates or a facsimile thereof acceptable to the Transfer Agent, accompanied by the certificate(s) representing the Series 3 or Series 4 Shares the holder desires to have converted, between January 10, 2006 and February 10, 2006.
Shareholders who hold their Series 3 or Series 4 Shares in the name of a "nominee" such as a bank, trust company, securities broker or other financial institution and who wish to convert their Series 3 or Series 4 Shares must seek instructions on how to effect the conversion from their nominee.
Symbios Series 3 Fast-20 RAID Controller Doubles Performance While Leveraging Current OEM Investment In SCSI; New Fast-20 RAID Controller Provides Up To 100% More Bandwidth Over Comparable Solutions; Worldwide OEM Customers Are Following A Smoother Serial Transition Strategy Facilitated By Series 3 RAID Architecture -0-
Original equipment manufacturers (OEMs) can boost the performance of current SCSI-based storage designs while initiating serial-based development strategies rapidly and cost-effectively with the release of the new Series 3 Fast-20 RAID controller board from Symbios Logic.
In the short term, the new Series 3 Fast-20 RAID controller can supercharge the performance of SCSI-based OEM storage designs, which will continue to dominate the market through 1996.
The Series 3 Fast-20 product is the third controller board in the Series 3 RAID product line for OEMs, which debuted in October 1994.
To support their SCSI and serial product development requirements," he said, "we developed our Series 3 RAID architecture to easily transition to all emerging interfaces, allowing us to release compatible Fast-20 and Fibre Channel-based controllers that will lead OEMs through the serial transition phase quickly and cost-effectively.
also noted that the Series 3 architecture is one of the industry's most popular OEM RAID products due to its very competitive performance, price and fault tolerant design.
Engelbrecht said, "In the long run, the investment in our series 3 RAID architecture will be valuable to OEMs concerned with lowering R&D costs and building competitive serial products.