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Technology Stocks : Hummingbird Comm. (HUMC)

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To: Sultan who wrote (1842)	6/17/1999 12:35:00 AM
From: John Chatterton	of 2018

Dow Jones Newswires -- June 16, 1999 DJ Hummingbird Expects To Close PC DOCS Takeover TORONTO (Dow Jones)--A Hummingbird Communications Ltd. (HUMC) spokesman said the company expects to close its bid for PC DOCS Group International Inc. (DOCS). Hummingbird has no plans to extend its C$11-a-share bid for all the outstanding shares of PC DOCS, which expires at midnight EDT Wednesday (0400 GMT Thursday), he added. The companies are already working together, the spokesman said, noting the integration of PC DOCS into Hummingbird's operations will take seven to nine months. Until then, PC DOCS will operate as a unit of Hummingbird, he added. Hummingbird will immediately start working to maximize PC DOCS' profitability, the spokesman said. He declined to elaborate. As reported, after Hummingbird's annual meeting in May, chairman, president and chief executive Fred Sorkin said Hummingbird would "probably" sell off parts of PC DOCS if and when the takeover closed. PC DOCS makes document- and database-management software. Hummingbird Communications provides enterprise connectivity software. -Lori McLeod; 416-306-2031; lori.mcleod@dowjones.com

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