In 1983, Kyriakides founded the Mylex Corporation to develop and produce the first handheld optical scanner and VGA card for personal computers, and served as the company’s President and Chairman.[8] Mylex stock was traded on the NASDAQ under the stock symbol MYLX until it was acquired as a wholly owned subsidiary of IBM.[9]
IBMpurchased Mylex Corp for $240,000,000 @ $12 per share