United States
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, November 17, 1997
NETOPIA, INC.
(Exact name of registrant as specified in its charter)
(formerly Farallon Communication, Inc.)
Commission File number 0-28450
Delaware 94-3033136
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number
2470 Mariner Square Loop
Alameda, California 94501
(Address of principal executive offices, including area code)
____________________________
(510) 814-5100
(Registrant's telephone number)
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Event.
Netopia, Inc. Changes Nasdaq Ticker Symbol to 'NTPA'
ALAMEDA, Calif., Nov. 17 /PRNewswire/ -- Netopia, Inc., formerly
Farallon Communications, Inc., today announced that it has changed
its Nasdaq ticker symbol from "FRLN" to "NTPA" effective immediately.
Farallon Communications Announces Netopia, Inc.
Success of Internet/Intranet Business Drives Company to Change
Name and Nasdaq Ticker Symbol
ALAMEDA, Calif., November 10, 1997 - Farallon Communications,
Inc. (Nasdaq: FRLN), a leading provider of plug-and-play Internet
connectivity solutions and real-time Internet/Intranet collaboration
software, today announced that it has changed its name to Netopia, Inc.
The Company also announced that effective November 17, 1997, its
Nasdaq ticker symbol will change from "FRLN" to "NTPA." By
incorporating the Netopia brand name into its new marketing
initiatives, the Company recognizes the success of its Netopia family
of Internet/Intranet connectivity hardware and collaboration software.
The Company's name change also reflects the commitment to its
vision of delivering "What the Internet Experience Should Be."
The Farallon division of Netopia, Inc. will continue to develop
and support comprehensive LAN and WAN connectivity solutions
for the Macintosh platform.
"Netopia has turned into one of the most powerful Internet brands in
the marketplace," said Alan Lefkof, president and CEO, Netopia, Inc.
"The strength of name recognition for Netopia Internet Routers and
Netopia Virtual Office software became a compelling rationale for the
change in our company name."
With the introduction of the Netopia product family in 1995, the
Company significantly broadened its distribution channel through the
addition of more than 200 Internet Service Providers (ISPs) worldwide
and more than 1200 new certified value-added resellers. These
partnerships have helped increase the Company's Internet/Intranet
revenue to $20.2 million for the fiscal year ending September 30, 1997,
representing 39% of the company's total revenue. The Company
expects Internet/Intranet revenue to surpass 50% of total revenue during
fiscal 1998.
"Changing the company name to Netopia, Inc. is excellent news for the
investment community," said Christopher Stix, director, Institutional
Research, Cowen & Company. "With over 8 million customers since
1986, Farallon is the second most recognized brand in the Macintosh
industry behind Apple. However, the Farallon brand name no
longer represents what the company as a whole offers to the
Internet marketplace. With the introduction of Netopia, Inc.,
the company is now able to more clearly articulate its leadership
position in the Internet/Intranet market."
About Netopia
Founded in 1986, Netopia, Inc., formerly Farallon Communications,
Inc., is dedicated to "making the Internet experience what it should be"
through the development of complete, easy-to-use Internet connectivity
solutions and real-time Internet/Intranet collaboration software.
The Company's products are designed to increase the productivity
and efficiency of Internet and Intranet users and to target remote
offices, home offices, mobile users, small businesses, and schools
that may not have access to sophisticated technical support
Netopia's Farallon division is focused on developing award-winning
LAN networking products for both PCs and Macs. Further
information can be obtained via phone 510/814-5000,
fax 510/814-5023, Internet "[email protected]," or web
www.netopia.com. Netopia products are available through
distributors, ISPs and resellers worldwide, as well as through
licensing relationships with other computer vendors. Netopia
has its headquarters in Alameda, Calif., and its European office in Paris.
Press Contact:
Gwen Murphy
Netopia, Inc.
(510) 814-5307
[email protected]
Item 6. Resignation of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements and Exhibits.
Not Applicable.
Item 8. Change in Fiscal Year.
Not Applicable.
Signatures
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned
hereunto authorized.
Netopia, Inc.
Date, November 17, 1997
X /s/ James A. Clark
James A. Clark
Vice President and Chief Financial Officer
Netopia, Inc.
