SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 20, 1998
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
(State of other jurisdiction of incorporation)
0-10394 91-0864123
(Commission File Number) (IRS Employer Identification No.)
10525 Willows Road N.E., Redmond, WA 98073-9746
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (425) 881-6444
Not Applicable
(Former name or former address, if changed since last report)
Page 1 of 3 Pages
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Item 5. Other Events
In a press release dated November 20, 1998, which is included below, Data
I/O Corporation announced the completion of its acquisition of SMS, the leading
European-based programming equipment company.
FOR IMMEDIATE RELEASE
For more information contact:
David C. Bullis Joel S. Hatlen
President/CEO Vice President/CFO, Data I/O
(425) 881-6444 (425)881-6444
DATA I/O COMPLETES ACQUISITION OF LARGEST
EUROPEAN-BASED PROGRAMMING EQUIPMENT COMPANY
Redmond, Wash. (November 20, 1998) -- Data I/O(R) Corporation, a worldwide
leader in programmable integrated circuit technology, has announced that it has
completed its acquisition of SMS, the leading European-based programming
equipment company.
Today's announcement concludes an agreement in principle that Data I/O announced
it signed earlier this month with SMS, the largest European programming company
and its controlling shareholder Alpha Associes S.A. SMS, a privately-held
company headquartered in Wangen, Germany, specializes in device programmers for
engineering and manufacturing, with 1997 revenues of approximately $5 million.
"We are excited about completing the deal and the enhanced ability to compete by
working together," said Dave Bullis, president and chief executive officer of
Data I/O Corporation. "The acquisition of SMS strengthens the Data I/O
product line, particularly in gang logic programmers and automated handlers."
About Data I/O
The market leader for more than 25 years, Data I/O Corporation is the world
leader in device programming and handling solutions, providing the most
comprehensive product offering from design through manufacturing of programmable
integrated circuits. It is the first device programming systems supplier to
receive ISO 9001 certification. The company, which is publicly traded (NASDAQ:
DAIO), is headquartered in Redmond, Wash., and has sales and service offices
worldwide. The company's worldwide web address is http://www.data-io.com.
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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 duly authorized.
Data I/O Corporation
December 3, 1998 By /s/Joel S. Hatlen
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Joel S. Hatlen
Vice President - Finance
Chief Financial Officer
Secretary and Treasurer
