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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
December 16, 1996
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Date of Report (Date of earliest event reported)
Interlink Computer Sciences, Inc.
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(Exact name of Registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-21077 94-2990567
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(Commission File No.) (IRS Employer Identification Number)
47370 Fremont Boulevard,
Fremont, California 94538
(510) 657-9800
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(Address of Principal Executive Offices)
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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On December 13, 1996, Interlink Computer Sciences, Inc. (the "Company")
sold 622,000 newly-issued shares of Common Stock to Cisco Systems, Inc., a
California corporation ("Cisco") for an aggregate purchase price of $6,842,000
(the "Equity Investment"). This represents approximately nine percent of the
Company's 7,011,100 shares outstanding following this transaction.
In addition to the Equity Investment, Cisco also purchased $2,000,000 of
TCPaccess(TM) product licenses which may be marketed independently or with the
Cisco 7000 routers and CIP mainframe channel interfaces. The Company expects a
portion of these licenses to be recorded in the second quarter of fiscal 1997,
which ends December 31, 1996, with the remainder being recorded in the following
quarter. Pursuant to a binding letter of intent signed by the Company and
Cisco, both parties have agreed to enter into a comprehensive joint development
agreement which will provide for the joint development, marketing, sales and
support for Cisco's current IOS/390 and the next generation, which will include
the TCPaccess product suite.
The above description and the exhibit included with this Current Report on
Form 8-K contain forward-looking statements, and the Company's actual results
could differ materially from those anticipated in these forward-looking
statements as a result of certain factors, including the successful
implementation of the joint development and marketing efforts by the Company and
Cisco, the possibility of increased competition from IBM and other competitors,
the successful bundling of the Interlink products with those of Cisco, the ease
of customer upgrading to the anticipated bundled products, the continued
expansion of intranets in the networking environment, and those factors
identified under the caption "Risk Factors" in the Company's Quarterly Report on
Form 10-Q for the quarter ended September 30, 1996.
Item 7. Financial Statements and Exhibits
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(a) Not applicable
(b) Not applicable
(c) Exhibits
99.1 Press release dated December 13, 1996 titled "Interlink Computer
Sciences and Cisco Systems Announce Strategic Alliance; Cisco
Makes Equity Investment in Interlink as Part of Transaction."
-2-
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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.
Dated: December 16, 1996 Interlink Computer Sciences, Inc.
By: /s/ Gloria M. Purdy
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Gloria M. Purdy
Chief Financial Officer and Secretary
-3-
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================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
EXHIBITS
TO
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
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Interlink Computer Sciences, Inc.
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December 16, 1996
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INDEX TO EXHIBITS
Exhibit
Number Description
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99.1 Press release dated December 13, 1996 titled "Interlink
Computer Sciences and Cisco Systems Announce Strategic
Alliance; Cisco Makes Equity Investment in Interlink as Part
of Transaction."
<PAGE>
Exhibit 99.1
(BW) (INTERLINK/CISCO) (INLK) (CSCO) Interlink Computer Sciences and Cisco
Systems Announce Strategic Alliance; Cisco Makes Equity Investment in Interlink
as Part of Transaction
Business Editors/Computer Writers
FREMONT, Calif. -- (BUSINESS WIRE) -- Dec. 13, 1996 -- Interlink Computer
Sciences, Inc. (NASDAQ NMS symbol INLK), a leading supplier of high performance
TCP/IP connectivity solutions for MVS mainframes, announced today a strategic
alliance with Cisco Systems (NASDAQ NMS symbol CSCO) to jointly develop and
market a software suite that extends multiprotocol networking for MVS
mainframes. As part of this agreement, Cisco has made an equity investment in
Interlink of 622,000 newly issued shares. This is equal to approximately nine
percent of the company's 7,011,100 shares outstanding following this
transaction. Cisco has also purchased product licenses for Interlink's
TCPaccess(TM).
Cisco's Internetworking Operating System (IOS(TM)) delivers high-
performance, high-availability, high-capacity routed or switched multiprotocol
networks and is used in more than 40,000 production enterprise and academic
networks. In addition, IOS is used extensively across the Internet backbone.
Under terms of this alliance, the companies will jointly develop, market,
sell and support IOS/390 (TM) and IOS/390 applications. "IOS/390" -- a software
suite that extends contemporary multiprotocol networking all the way into IBM
and compatible MVS mainframes and mainframe applications -- has been built upon
Interlink's highly-acclaimed TCPaccess product suite. IOS/390 unleashes the
power of the mainframe and transforms them into mission-critical, highly-secure,
high-performance and high-capacity Internet and intranet servers. IOS/390 makes
network-centric computing a reality for mainframe users.
Several existing Interlink products will be bundled into the new IOS/390.
These include TCPaccess, the TCPaccess-Fault Tolerant feature providing
high-availability for network sessions, the Enterprise Print Services product
delivering bi-directional printing, and the HARBOR(R) software distribution
product which automates delivery and synchronization of software. IOS/390 will
eventually replace TCPaccess and Interlink customers will be able to upgrade to
the new product.
Interlink and Cisco plan to jointly market and sell IOS/390 beginning in
the spring of 1997. In addition, the companies will jointly invest in the
development of the next generation of IOS/390, including seamless support for
Cisco IOS-based enterprise networks. Customer support will be a major focus of
this relationship with Cisco providing first-level support and Interlink
providing subsequent support.
"Interlink is very excited to join Cisco and their partners in providing
the most comprehensive network operating environment for users from the desktop
to the mainframe," said Charles Jepson, President and CEO of Interlink. "This
alliance reinforces the key role that the mainframe plays in the network
enterprise. Not only does it enable Interlink to continue its dynamic growth
within the Fortune 3000 market but also provides us expanded cross selling
opportunities for Interlink's systems management applications such as HARBOR and
CICS Programmers Toolkit."
"Most commercial enterprises are now looking at intranets as the optimum
solution to their next-generation networking needs," said Nick Francis,
Director, Marketing for Cisco's Interworks Business Unit. "IOS/390 is the best
way to seamlessly and strategically
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integrate MVS mainframes and applications into an intranet. This agreement
allows Cisco to extend its market leading multiprotocol networking capabilities
into the mainframe."
Interlink Computer Sciences, Inc. is a leading supplier of high-performance
solutions for enterprise networked systems management. Interlink products and
services enable customers to transport, access and manage data across
distributed client/server environments. The company develops and distributes the
HARBOR product suite for backup, archive & restore, and application, data &
software distribution. Interlink also produces the TCPaccess product family for
mainframe TCP/IP connectivity, fault tolerance, remote printing services and
CICS-to-LAN application integration. Interlink is headquartered in Fremont,
California. Company information can be obtained on the World Wide Web at
http://www.interlink.com/.
Cisco Systems is the leading global supplier of internetworking solutions
for corporate intranets and the global Internet. Cisco's products -- including
routers, LAN and WAN switches, dial-up access servers and network management
software -- are integrated by Cisco IOS(TM) software to link geographically
dispersed LANs, WANs and IBM networks. Company news and product/service
information are available at World Wide Web site http://www.cisco.com/. Cisco is
headquartered in San Jose, California.
(Interlink will be holding a conference call for members of the investment
community to discuss this transaction at 11:00 am Pacific Standard Time, Monday,
December 16th. For more information, call Neal Rosen at Kalt, Rosen &
Associates, 415/397-2686.)
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CONTACT: Interlink Computer Sciences, Inc.
Gloria Purdy, 510/249-6293
or
Cisco Systems, Inc.
Adam Stein, 408/526-7388
