In December 1986, Kyriakides relinquished 32 percent of his shares in Mylex to an investor group led by M. Akram Chowdry, chairman of Prime Circuit Technology of San Jose, California. Immediately afterward, Kyriakides resigned as president and chairman of Mylex, his role replaced by Chowdry; Kyriakides remained on the board of directors with a remaining 10 percent stake in Mylex.
In December 1986, Kyriakides relinquished control of 32 percent of his Mylex shares to an investor group led by M. Akram Chowdry, chairman of Prime Circuit Technology in San Jose, California. Subsequently, Kyriakides stepped down as president and chairman of Mylex; his position was taken over by Chowdry; Kyriakides retained a 10 percent stake on the board.