Date: Mon, 31 Jul 1995 12:12-0400
From:  <gander@DINAR.PRINCAP.COM>
Subject: Job: Symbolics Inc. Assets Bought.
To: slug@ai.sri.com, common-lisp@ai.sri.com, alu@ai.sri.com, ai+lisp-jobs@cs.cmu.edu,
    the-usual-suspects@mc.lcs.mit.edu
Message-ID: <19950731161213.2.GANDER@CENT.PRINCAP.COM>
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FOR IMMEDIATE RELEASE

Contact:	Russell Noftsker, President
		Symbolics, Inc.			
		(617) 484-5474
		rnofts02@interserv.com
		gander@dinar.princap.com

SYMBOLICS, INC. ASSETS BOUGHT,

FOUNDER HEADS NEW COMPANY

BOSTON, Mass., July 28, 1995 The purchase of assets and name of Symbolics, Inc., a
computer company that pioneered workstations and object-oriented software development
systems, was announced today by a private group backed by a national financial
institution.  Terms of the purchase, which was concluded yesterday, were not disclosed.
	The president and chief executive officer of the new company is Russell
Noftsker, 53, who had formed the original company in 1980.  Prior to starting Symbolics,
Inc., Noftsker had been involved in co-founding the MIT Artificial Intelligence
Laboratory where most of the technical co-founders of the original Symbolics, Inc. had
worked.  Noftsker said his motivation for returning to Symbolics is his belief that its
customers and the market for its products are best served by management that understands
the benefits of Symbolics' technology.
	Included in the acquired assets are the industry's premier object-oriented
programming system.  This software fueled Symbolics' early success and remains the
benchmark of software development systems today.
	A headquarters and R & D office will be opened in the Boston area.  Symbolics'
customer service and manufacturing facilities will remain in Chatsworth, Calif.  Most of
the current personnel will be offered employment with the new company.  
	"The market should know that Symbolics, Inc. technology will continue to move
forward," Noftsker said.  The company's initial focus will be to provide support and
enhancement for current customer applications and for Genera, Symbolics' software
development system.  This will include doubling the performance of Open Genera, which
runs on DEC Alpha workstations.
	Symbolics' products are used by credit card companies, airlines,
telecommunications providers, and defense and government agencies to perform complex
decision support tasks.  # # #


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