| To: Amado Rodriguez who wrote (1383) | 12/16/1998 11:59:00 AM | | From: SHGLaw | | | |
And eighth here, a sixteenth there, and next thing you know ol' rdus is back in the cesspool of companies with promise and no revenues. Having squandered so much opportunity cost over the years on rdus, I can't bring myself to sell out for pennies. But it saddens me greatly to watch this little runt wittle away, day after day. Always waiting, hoping, for that announcement that rdus has sold something to justify its continued existence.
SHG |
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| To: SHGLaw who wrote (1384) | 12/16/1998 12:45:00 PM | | From: R.S. Blum | | | |
Hey SHG,
You know, I was going to pluck up and repost one of your soothing posts you sent me in the past to cheer me up about our little darling, but I'm too damn depressed with this POS to go through the trouble.
It is what it is and frankly, I see nothing in the short term that's going to change that. I think its clear that Housely could give a shit and realizes that its going to be a miracle if they make it, let alone make it big. Having all the best products in the world means nothing especially if no one knows you exist. They're missing the boat big time and they seemingly haven't a clue the ship's steaming away. Taking marketshare from lessor quality, but established publishers is always an uphill battle, especially for one with little to no resources.
And lastly, this jerk Sillyman has a lot of nerve imo to broadcast his new openess proclaimation just to go back into hybernation. I have the right mind to send a copy of that post to the SEC and see how they interpret his blaming them for their closet-jerking behavior with their shareholders. I think they'll wonder outloud too.
At this point, I'm too thoroughly disappointed and damn glad I haven't wasted my time to peel these cert's off basement bathroom wall. I think it's pretty evident they're going nowhere soon. |
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| To: R.S. Blum who wrote (1385) | 12/16/1998 6:49:00 PM | | From: blake roberts | | | |
PINNACLE SYSTEMS To Acquire Truevision, inc.
MOUNTAIN VIEW, Calif., December 16, 1998-Pinnacle Systems, Inc. (NASDAQ:PCLE) today announced that it has entered into a definitive agreement to acquire Truevision, Inc. (NASDAQ: TRUV) , a supplier of digital video products, in a transaction designed to extend Pinnacle Systems' leadership in the desktop digital video capture and editing market.
Under the terms of the agreement, Truevision shareholders will receive 0.0313 shares of Pinnacle Common stock for each share of Truevision common stock. The transaction is expected to close during the first calendar quarter of 1999, subject to various conditions including customary closing conditions including receipt of required regulatory approvals and approval by the shareholders of Truevision. Pinnacle Systems expects to issues approximately 400,000 new shares of Pinnacle common stock and to assume outstanding Truevision stock options and warrants. Based on yesterday's closing price of Pinnacle Systems stock, the consideration paid plus estimated transaction costs is approximately $14.5 million. The transaction will be accounted for as a purchase and will be taxable to the stockholders of Truevision. During the quarter in which the transaction closes, the Company expects to take an in-process research and development charge and to incur certain non-recurring expenses related to integrating the two businesses.
“We are very excited about merging these two companies,” said Mark Sanders, president and chief executive officer of Pinnacle Systems. “We believe this transaction will strengthen Pinnacle's position as the leading supplier of digital video capture and editing products. Truevision's product lines complement Pinnacle's well, and together we will serve a far wider array of customers and applications in the digital video editing market. Importantly, Truevision enjoys strategic relationships with a number of key industry partners, which is also complementary. In addition, we believe there are potential efficiencies to be gained, particularly in the areas of distribution and manufacturing.”
“Most important, Truevision has invested heavily in its next generation architecture for video editing, particularly in new custom chip technology that is scaleable for high definition television (HDTV) applications. We believe that combining this technology with parallel chip developments underway at Pinnacle will afford Pinnacle competitive advantages in next-generation capture card and video editing platforms,” Sanders continued.
At the completion of the transaction, the Company expects to maintain Truevision's engineering and customer support operation in Indianapolis, Indiana and to merge Truevision's Santa Clara engineering, sales and logistics operations into Pinnacle Systems' Mountain View, California headquarters. Sanders added, “by combining the two California facilities into Pinnacle's Mountain View location, we have the potential to recognize significant operational cost savings.”
About Pinnacle Systems, Inc.
Pinnacle Systems' broadcast, desktop, and consumer products provide video professionals and consumers the sophisticated tools needed to create dazzling video programs faster and more affordably than ever before. Pinnacle Systems may be reached at (650) 526-1600 or on the World Wide Web at www.pinnaclesys.com <http://www.pinnaclesys.com/>
About Truevision, Inc.
Truevision is a leader in desktop video for business and offers a full range of videographics products for personal computers, including Microsoft Windows platforms and ApplePower Macintosh.
####
Certain of the statements in this press release, including the statements relating to each Company's expectations are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Such risks and uncertainties include, but are not limited to, risks associated with acquisition transactions and the related integration of operations. Investors are advised to read each Company's annual and quarterly reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission for a fuller discussion of such risks and uncertainties.
All trademarks and registered trademarks are the property of their respective owners and are used for identification or reference purposes only, with no intent to infringe on copyrights.
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| To: blake roberts who wrote (1386) | 12/17/1998 2:09:00 AM | | From: Martin Olsen | | | |
Ahh, ol 'heyblake' strikes again with another hit-and-run post!
Really, Blake, this is growing very tiresome. You should just get some
sandwichboards and stand on a busy intersection. It would be a more
fruitful investment of your time... |
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| To: DR. MEADE who wrote (1388) | 1/5/1999 8:42:00 AM | | From: Michael F. Donadio | | | |
Can we get some excitement out of this news:
biz.yahoo.com
Tuesday January 5, 7:52 am Eastern Time
Company Press Release
New MotoDV From Radius 'Raises the Bar' for
Affordable DV Editing
Adds Adobe Premiere 5 LE to MotoDV and Drops Price to $399
SAN FRANCISCO--(BUSINESS WIRE)--Jan. 5, 1999--Radius Inc., the leading digital video software supplier (Nasdaq:RDUS - news), has announced at MacWorld here today that it has included Adobe Premiere 5 LE with MotoDV, its award-winning digital video capture solution for DV camcorders and tape decks with 1394 FireWire ports. ...
***
Hoping we can get a rise out of radius,
Michael |
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| To: Michael F. Donadio who wrote (1389) | 1/5/1999 11:20:00 AM | | From: CoffeePot | | | |
Looks like some hard times ahead for RDUS
With no more SPLH stock left to sell RDUS will need to generate *profits* from the sale of it's products in order to stay afloat. For the year ended Sept 30th RDUS earned approx. 7.7mm but subtract the 10mm worth of SPLH stock the company sold during the period and RDUS is losing money hand over fist.......with only 600k in the bank I give this company 1 quarter/ 2 tops before it begins to experience some severe financial pain>>>>>B.K. IMO |
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| To: CoffeePot who wrote (1390) | 1/5/1999 11:43:00 AM | | From: R.S. Blum | | | |
Mr. Coffee,
Take some time and due some DD please! You obviously are shooting from the hip if you don't have the inclusion of the KDS funds as a new revenue source superceding and taking over virtually where the SPLH sell off ended. Not that I'm the world's happiest RDUS investor, but clearly you error substantially in your interpretation of the current state of affairs.
-Scott |
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| To: R.S. Blum who wrote (1391) | 1/5/1999 12:01:00 PM | | From: SHGLaw | | | |
Watch out when some of the P&D shorters post on a thread like this. The percentage increase on a day like today causes people to take a look at what would otherwise be nothing more than a blip on their radar. But they are vultures. Beware of them, for they come in from nowhere, attempt to spread their poison, and benefit from the fallout.
Fortunately, few even know of this thread except some of us long term sufferers, for whom this will have no impact.
SHG |
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