2
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 l934
Date of Report (Date of earliest event reported) August 28, 1996
U.S. Robotics Corporation
(Exact name of registrant as specified in its charter)
Delaware 0-25630 36-3994412
(State or other (Commission File (IRS Employer
jurisdiction of No.) Identification No.)
incorporation)
8100 North McCormick Boulevard
Skokie, Illinois 60076
(Address of principal executive offices) (Zip Code)
(847) 982-5010
(Registrant's Telephone Number, Including Area Code)
<PAGE>
Item 5. Other Events
On August 29, 1996, the Registrant announced that it had
completed its acquisition of Scorpio Communications Ltd., a
manufacturer of high-performance ATM switching equipment, based
in Tel Aviv, Israel for approximately $72 million in cash.
Item 7. Financial Statements, Pro Forma Financial Statements
and Exhibits
(c) Exhibits.
99 Press Release dated August 29, 1996.
<PAGE>
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.
U.S. Robotics Corporation
Date: August 29, 1996 BY: /s/ Mark Remissong
Mark Remissong
Vice President and Chief Financial
Officer
<PAGE>
Contact: Karen J. Novak
(Media Relations)
(847) 982-5244
C. David Hall
(Investor Relations)
(847) 982-5162
U.S. ROBOTICS COMPLETES SCORPIO ACQUISITION
SKOKIE, Ill., -- August 29, 1996 -- U.S. Robotics (NASDAQ: USRX)
announced today that it has completed its acquisition of Scorpio
Communications Ltd. (Scorpio). U.S. Robotics purchased Scorpio
for approximately $72 million in cash. The preliminary
agreement, announced in July, was a stock transaction valued at
approximately $80 million.
Scorpio designs, manufactures and sells scaleable, fully-
redundant, fault-tolerant ATM switches that target workgroup LAN,
corporate backbone and WAN access environments. Scorpio is based
in Tel-Aviv, Israel.
"The acquisition of Scorpio helps round out our LAN switching
offerings, giving us a more comprehensive portfolio of switching
and ATM products to offer our customers," said Surya Panditi, who
was recently appointed general manager of U.S. Robotics' Network
Systems Division LAN Infrastructure business.
"We're a leader in providing access solutions at the network
edges, with our wide variety of WAN technologies and core routing
technology," said Ross Manire, senior vice president and general
manager, Network Systems Division. "As access technologies
continue to merge, with ATM as a unifying technology, we'll have
the technologies that customers will require in a complete
solution. Having a complete switching portfolio, including ATM,
allows us to extend our presence further into the corporate
network and the backbone."
The acquisition of Scorpio follows the February acquisition of
Amber Wave Systems, Inc., and allows U.S. Robotics to extend its
core product line from workgroup Ethernet switches into ATM
switching. The company has been shipping its Total Switch
Ethernet switch based on technology from Amber Wave since June,
1996.
Scorpio co-founder Dr. Raphael Gidron will become a director of
strategic planning for U.S. Robotics' Network Systems Division.
Co-founder Orni Petruschka will become group general manager of
U.S. Robotics' Israeli operations, managing the Scorpio
integration and driving future developments.
U.S. Robotics is one of the world's leading suppliers of products
and systems that provide access to information. The company
designs, manufactures, markets and supports remote access
servers, enterprise communications systems, desktop/mobile client
products and modems and telephony products that connect computers
and other equipment over analog, digital and switched cellular
networks, enabling users to gain access to manage and share data,
fax and voice information. Its customers include Internet service
providers, regional Bell operating companies, inter-exchange
carriers and a wide range of other large and small businesses,
institutions and individuals. The company's fiscal 1995 sales
were $889.3 million; sales for the first nine months of fiscal
1996 were $1.37 billion.
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Editor's Note: Reader inquiries may be directed to (800)USR
CORP.
U.S. Robotics' Web page may be accessed at http://www.usr.com
