Trend Micro Announces the Dissolution and Liquidation of Subsidiary

Apr 26, 2001, 01:00 ET from Trend Micro Inc.

    TOKYO, April 26 /PRNewswire/ -- Trend Micro Inc. (Nasdaq:   TMIC)
 (TSE: 4704), a worldwide leader in network antivirus and Internet content
 security solutions, has today announced that the Board of Directors of the
 Company, at its meeting held on April 26, 2001, resolved to dissolve and
 liquidate its subsidiary, IP Trend K.K. ("IP Trend") as follows.
     The Company has an affiliate of the same trade name, IP Trend K.K., which
 has its address at 13-9, Nihonbashi-ningyo-cho 2-chome, Chuo-ku, Tokyo.  This
 affiliate is expected to continue to conduct its business and will not be
 affected by the dissolution and liquidation in question.
 
     1.  Reason for and Method of the Dissolution and Liquidation
 
     The Company has decided to dissolve and liquidate IP Trend, which is
 currently inactive and has no plan to restart its business.
 
     2.  Outline of IP Trend
 
     (1) Trade Name:                IP Trend K.K.
 
     (2) Representative:            Mahendra Negi
 
     (3) Address:                   2-1, Yoyogi 2-chome, Shibuya-ku, Tokyo
 
     (4) Incorporation date:        January 18, 2000
 
     (5) Capital:                   2,000 million yen
 
     (6) Issued shares:             40,000 shares
 
     (7) Shareholding:              100% owned by Trend Micro Incorporated
 
     (8) Description of business:   Manufacturing and marketing of software
                                    relating to Internet platform technologies
                                    and providing related services
 
     (9) Business results for the latest fiscal year
 
                                                  FY 2001 (Fiscal year ended on
                                                           December 31, 2000)
 
     Sales                                                 0 million yen
     Gross Profit                                          0 million yen
     Operating Income                                     (107 million yen)
     Ordinary Income                                      (126 million yen)
     Net Income                                           (127 million yen)
     Total Assets                                          1,873 million yen
     Shareholders' Equity                                  1,872 million yen
     Net Income per Share                                 (3,181 yen)
     Shareholders' Equity per Share                        46,818 yen
     Dividend per Share                                    0 yen
 
     Note:  Financial data for IP Trend is only available for the one fiscal
 year mentioned above, since IP Trend was incorporated on January 18, 2000.
 
     3.  Liquidation Plan
 
     It is expected that the liquidation of IP Trend will be completed in the
 latter half of FY 2001.
 
     4. Outlook for the Future
 
     The proposed dissolution and liquidation of IP Trend will not affect, and
 will not result in any change in, the Company's consolidated and
 unconsolidated projections for FY 2001.
 
     About Trend Micro
     Trend Micro, Inc. is a leader in network antivirus and Internet content
 security software and services.  The Tokyo-based Corporation has its
 North American headquarters in Cupertino, CA, and business units worldwide.
 Trend Micro products are sold directly, through corporate value-added
 resellers, and through managed service providers.  For additional information
 and evaluation copies of all Trend Micro products, visit:
 http://www.antivirus.com or http://www.trendmicro.com .
 
 

SOURCE Trend Micro Inc.
    TOKYO, April 26 /PRNewswire/ -- Trend Micro Inc. (Nasdaq:   TMIC)
 (TSE: 4704), a worldwide leader in network antivirus and Internet content
 security solutions, has today announced that the Board of Directors of the
 Company, at its meeting held on April 26, 2001, resolved to dissolve and
 liquidate its subsidiary, IP Trend K.K. ("IP Trend") as follows.
     The Company has an affiliate of the same trade name, IP Trend K.K., which
 has its address at 13-9, Nihonbashi-ningyo-cho 2-chome, Chuo-ku, Tokyo.  This
 affiliate is expected to continue to conduct its business and will not be
 affected by the dissolution and liquidation in question.
 
     1.  Reason for and Method of the Dissolution and Liquidation
 
     The Company has decided to dissolve and liquidate IP Trend, which is
 currently inactive and has no plan to restart its business.
 
     2.  Outline of IP Trend
 
     (1) Trade Name:                IP Trend K.K.
 
     (2) Representative:            Mahendra Negi
 
     (3) Address:                   2-1, Yoyogi 2-chome, Shibuya-ku, Tokyo
 
     (4) Incorporation date:        January 18, 2000
 
     (5) Capital:                   2,000 million yen
 
     (6) Issued shares:             40,000 shares
 
     (7) Shareholding:              100% owned by Trend Micro Incorporated
 
     (8) Description of business:   Manufacturing and marketing of software
                                    relating to Internet platform technologies
                                    and providing related services
 
     (9) Business results for the latest fiscal year
 
                                                  FY 2001 (Fiscal year ended on
                                                           December 31, 2000)
 
     Sales                                                 0 million yen
     Gross Profit                                          0 million yen
     Operating Income                                     (107 million yen)
     Ordinary Income                                      (126 million yen)
     Net Income                                           (127 million yen)
     Total Assets                                          1,873 million yen
     Shareholders' Equity                                  1,872 million yen
     Net Income per Share                                 (3,181 yen)
     Shareholders' Equity per Share                        46,818 yen
     Dividend per Share                                    0 yen
 
     Note:  Financial data for IP Trend is only available for the one fiscal
 year mentioned above, since IP Trend was incorporated on January 18, 2000.
 
     3.  Liquidation Plan
 
     It is expected that the liquidation of IP Trend will be completed in the
 latter half of FY 2001.
 
     4. Outlook for the Future
 
     The proposed dissolution and liquidation of IP Trend will not affect, and
 will not result in any change in, the Company's consolidated and
 unconsolidated projections for FY 2001.
 
     About Trend Micro
     Trend Micro, Inc. is a leader in network antivirus and Internet content
 security software and services.  The Tokyo-based Corporation has its
 North American headquarters in Cupertino, CA, and business units worldwide.
 Trend Micro products are sold directly, through corporate value-added
 resellers, and through managed service providers.  For additional information
 and evaluation copies of all Trend Micro products, visit:
 http://www.antivirus.com or http://www.trendmicro.com .
 
 SOURCE  Trend Micro Inc.