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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): May 6, 1996
TCSI Corporation
(Exact name of registrant as specified in its charter)
Nevada 0-19377 68-0140975
(State of incorporation) (Commission (IRS Employer
File Number) Identification No.)
2121 Allston Way, Berkeley, California 94704
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (510) 649-3700
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Item 5. Other Events.
On May 6, 1996, TCSI Corporation issued a press release, a copy of
which is filed herewith as Exhibit 28.
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.
TCSI Corporation
By:/s/Paul A. Farmer
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Paul A. Farmer
Chief Financial Officer
Date: May 6, 1996
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INDEX TO EXHIBITS
28. Press Release, dated May 6, 1996
TCSI SELECTED TO RECEIVE FUNDING FROM ISRAEL-U.S. FOUNDATION
LEADING OBJECT-ORIENTED SOFTWARE COMPANY CHOSEN ON THE BASIS OF
ITS
FLAGSHIP PRODUCT -- OBJECT SERVICES PACKAGE
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For additional information contact:
TCSI Corporation BIRD Foundation
Press Inquiries: Press Inquiries:
Susan Trainer - (510) 837-5503 Ira Grinberg - +972 3 6470710
Investor Inquiries:
Leigh Salvo - (510) 649-3800
TCSI SELECTED TO RECEIVE FUNDING FROM ISRAEL-U.S. FOUNDATION
LEADING OBJECT-ORIENTED SOFTWARE COMPANY CHOSEN ON THE BASIS OF ITS
FLAGSHIP PRODUCT -- OBJECT SERVICES PACKAGE
BERKELEY, California - May 6, 1996 - TCSI Corporation (Nasdaq: TCSI), a global
provider of software to the Telecom industry, announced today that it was
selected to receive project funding from the Israel-U.S. Bi-national
Industrial Research and Development (BIRD) Foundation. The foundation,
established by the U.S. and Israeli governments to promote cooperation between
both countries' high-tech industries, recently agreed to invest $9.9 million
to underwrite 50 percent of the cost of 18 new projects scheduled to begin in
Israel. The approved projects are in the fields of the environment,
electronics, software, communications, and medicine. TCSI and Ephyx
Technologies, an Israeli-based technology company, received joint funding of
$950 thousand for the development of next-generation, object-oriented software
for the Telecom industry. Other U.S. high-tech companies selected to receive
BIRD funding include America On-line, SHL Systemhouse, and Tandem.
TCSI was selected for BIRD funding on the basis of its core technology, Object
Services Package (OSP), an industrial-strength distributed object development
and runtime software environment. OSP is widely used among telecommunications
service providers across the world. The software to be jointly developed by
TCSI and Ephyx will combine the development efficiencies associated with both
popular PC GUI tools and object-oriented UNIX tools into an easy-to-use,
robust software product.
"The projects approved this year represent a new high point in BIRD's
activities," said Dan Vilenski, BIRD's Executive Director. "Not only were a
record number of projects approved, but the caliber of the American companies
participating in the projects has increased considerably. More and more
U.S.-based companies, leaders in their fields, are eager to cooperate with
high-tech companies in Israel. The BIRD Foundation is proud to have
contributed to this development."
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"Recognition and funding from the BIRD Foundation demonstrates the growing
importance of object-oriented technology on a global scale," said Ram Banin,
executive vice president and general manager of TCSI's Object Software Group.
"We are extremely pleased to be included in this prestigious group of
companies and to have the opportunity to collaborate with a wider
international technology community."
About TCSI Corporation's Products
TCSI provides telecommunication management applications that are built upon
the Company's flagship software product, Object Services Package (OSP). OSP
is a highly scalable industrial-strength distributed object development and
runtime environment for large, object-oriented client/server systems. Major
communications corporations worldwide use OSP to design, implement, and deploy
mission-critical applications for management and operations support systems.
The product provides an integrated environment for deploying graphical user
interfaces (X11/Motif and Windows), object services (distributed object
management and CORBA), and communications gateways (SNMP, CMIP, and
proprietary). OSP also provides persistent data storage in relational
databases from Informix Software, Inc., Oracle Corporation, and Sybase, Inc.
BIRD Foundation
The BIRD Foundation was established in 1977 by the U.S. and Israeli
governments to stimulate mutually beneficial cooperation between the private
sectors of the U.S. and Israeli high-tech industries. BIRD's annual income
derives from repayments of successful projects, as well as interest on the
original endowment of $110 million that was equally provided by the two
governments. To date, BIRD has invested $140 million in 450 projects, which
have so far produced more than $5 billion in sales worldwide. Each year, BIRD
supports some 40 projects with a total investment of about $13 million. The
Foundation's U.S. headquarters is in Santa Clara, California.
EPHYX Technologies Ltd.
Ephyx Technologies Ltd. is an Israeli software development company, with a
strong team of computer science professionals. The company is developing
innovative multimedia based products and specializes in developing object
oriented applications rich with graphical user interfaces on the MS
Windows/Windows NT environment. Ephyx has taken part in contract-engineering
projects for leading hi-tech firms, and has completed projects for Edunetics
Ltd. (Nasdaq: EDNTF), Efrat Future Technology (Nasdaq: CMVT), Client Server
Technology Ltd. and C. Mer Industries Ltd.
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TCSI Corporation
TCSI Corporation provides object-oriented software products, services, and
solutions to the Telecom industry worldwide. Service providers and equipment
manufacturers deploy TCSI's software to enable a range of customer services,
automated processes, and the management of broadband, wireless, and
intelligent networks. Based in Northern California, TCSI has offices in North
America, Europe, and the Pacific Rim. The Company reported revenues of $55.4
million in 1995 and $18.5 million in the first quarter of 1996.
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