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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
April 3, 1997
Date of Report (Date of earliest event reported)
XIRCOM, INC.
(Exact name of registrant as specified in its charter)
California 0-19856 95-4421884
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
2300 Corporate Center Drive
Thousand Oaks, CA 91320-1420
(Address of principal executive offices)
(805) 376-9300
(Registrant's telephone number, including area code)
Not Applicable
(Former name or address, if change since last report)
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Item 5. Other Events.
The purpose of this Form 8-K is to file a press release issued by
Xircom, Inc. on March 3, 1997 regarding the finalization of an investment
agreement between Xircom, Inc. and Intel Corporation. A copy of the press
release is filed herewith as Exhibit 99.1 and is hereby incorporated by
reference to this Item 5.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 - Press Release dated March 3, 1997 entitled "Xircom
Equity Investment From Intel is Finalized"
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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.
XIRCOM, INC.
Dated: April 3, 1997 By: /s/ RANDALL H. HOLLIDAY
---------------------------------
Randall H. Holliday
Secretary and General Counsel
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INDEX TO EXHIBITS
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<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
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<S> <C>
99.1 Press Release dated March 3, 1997 entitled "Xircom
Equity Investment From Intel is Finalized"
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EXHIBIT 99.1
XIRCOM EQUITY INVESTMENT FROM INTEL IS FINALIZED
Shares Have Been Issued, Funds Transferred and
Products are Shipping From Xircom to Intel Corporation
THOUSAND OAKS, CALIF., MARCH 3, 1997 -- Xircom, Inc. (NASDAQ: XIRC), the
leader in connectivity solutions for mobile professionals, announced today
that Intel Corporation's equity investment in Xircom, valued at $52
million, has been completed.
On January 16, 1997 Xircom reported that it had reached an agreement with
Intel, in which Intel would purchase a 12.5 percent interest in the
company's stock (2,516,405 million newly issued shares) and acquire
warrants to obtain an additional 7.5 percent of the company's stock
(1,509,903 million shares). This transaction is now finalized. In
addition, Xircom has begun shipping products to Intel under a three-year
technology and OEM agreement, also announced on January 16, 1997.
"We are pleased to report that this transaction is fully funded and that
the first products are shipping from Xircom to Intel," said Dirk Gates,
chairman, president and chief executive officer of Xircom. "We look
forward to a long and mutually beneficial relationship."
Notice to Reader: This news release contains forward-looking statements
based on current expectations that involve a number of risks and
uncertainties which could cause actual results to differ materially and
include, but are not limited to, future shipments under the Intel OEM
arrangement and introduction and market acceptance of new products. Other
additional risks are described in the company's SEC report on Form 10-K for
the fiscal year ended September 30, 1996. Investor information may be
- more -
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found on Xircom's web site at www.xircom.com or on the SEC's EDGAR
electronic filing database.
Xircom Corporate Background. Founded in 1988, Xircom is the leading
manufacturer of PC Card communications products for connecting mobile and
remote portable computer users to corporate networks, the Internet, and
other online services from a wide variety of locations. World Wide Web:
http://www.xircom.com.
# # #
For more information, contact:
Kristi Cushing
Xircom, Inc.
805-376-6968
[email protected]
Xircom is a registered trademark of Xircom, Inc. GlobalACCESS, CreditCard
Ethernet+Modem, CreditCard Modem, CountrySelect, and Netaccess are
trademarks of Xircom, Inc. Other company product names have been used for
identification purposes only and may be trademarks of their respective
companies. Xircom is headquartered in Thousand Oaks, Calif., and has
regional offices in Salem, N.H., Antwerp, Belgium, and Singapore. Sales:
(800) 438-4526. Telephone: (805) 376-9300; Fax: (805) 376-9311.
