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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
APRIL 25, 2000
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
SYBASE, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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DELAWARE 000-19395 94-2951005
(STATE OF INCORPORATION) (COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.)
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6475 CHRISTIE AVENUE
EMERYVILLE, CA 94608
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES OF REGISTRANT)
(510) 922-3500
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITEM 5. OTHER EVENTS.
Attached as an Exhibit to this Report is a copy of a press release
issued by Sybase on April 18, 2000 in connection with the settlement of several
lawsuits filed against the Company.
EXHIBIT
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Exhibit No. Description
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99 April 18, 2000 Press Release
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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: April 25, 2000
SYBASE, INC.
By: /s/ TERESA D. CHUH
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Title: Vice President and Associate
General Counsel
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EXHIBIT 99
SYBASE ANNOUNCES SETTLEMENT OF CLASS ACTION LAWSUIT AND
DERIVATIVE LAWSUIT
EMERYVILLE, CA, APRIL 18, 2000 -- Sybase, Inc. (NASDAQ: SYBS) today announced it
had agreed to settle two consolidated lawsuits filed against the Company and its
officers and directors arising out of the Company's restatement of financial
results for 1997.
The first settlement resolves the consolidated federal securities class action
lawsuits. The second settlement resolves consolidated shareholder derivative
lawsuits filed in California State court. Both settlements are subject to court
approval.
Since the Company has also settled, subject to court approval, consolidated
lawsuits filed against the Company and its officers and directors following the
Company's announcement of its preliminary results for the quarter ended March
31, 1995, all pending securities class actions against Sybase have now been
settled.
Daniel Carl, Sybase vice president, corporate general counsel and secretary,
said the Company believes that the settlements are in the best interests of
Sybase and its shareholders since they remove the uncertainty, expense, and
distraction of continuing litigation. He pointed out that the settlements will
have no financial impact on the Company going forward.
ABOUT SYBASE, INC.
Headquartered in Emeryville, CA, Sybase, Inc., is one of the largest global
independent software companies. Sybase helps businesses integrate, manage and
deliver applications, content and data anywhere they are needed. The company's
products, combined with its world-class professional services and partner
technologies, provide a comprehensive platform for integrated, end-to-end
solutions in mobile and embedded computing, data warehousing and Web
environments. Sybase focuses especially on Enterprise Portal (EP) solutions,
which give businesses the ability to extend their enterprise to customers,
partners and suppliers by converting stored data into useful information, which
can be organized, integrated and personalized for use anywhere at anytime.
Sybase customers represent the industries leading the global economy, with
strong concentrations in financial services, public sector, telecommunications
and healthcare. The company's Web address is http://www.sybase.com.
SPECIAL NOTE: Statements in this release concerning the impact of the
settlements on Sybase are forward looking statements that involve a number of
uncertainties and risks including the possibility that the settlements might not
be approved by the courts.
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Sybase and any other products mentioned are trademarks or registered trademarks
of Sybase, Inc. All other company and product names mentioned might be
trademarks of the respective companies with which they are associated.
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