Dylan,
There's a lot going on. For instance RadiSys second quarter earnings conference call is scheduled for 2:00 P.M. Pacific on Thursday, July 22, 1999. Dr. Glen Myers, RadiSys' chief executive officer, and CFO Steve Loughlin will review the results of the quarter ended June 30, 1999, and answer any questions we may have. Below is the information needed to access the call:
Dial-in Number: 212-547-0140
Passcode: RadiSys
Replay: 402-220-5219
Replay available through July 30th at 5:00pm Pacific. No passcode required for replay.
RSYS will send its earnings press release to conference call participants on July 22, 1999 shortly after the close of the market.
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RSYS SEC Form S-4 'Must Read', Fascinating SEC Document
Here is just a sample of the information I found in this document:
<http://www.freeedgar.com/search/WL.asp?C=873044&F=S-4&D=7/7/1999>
RSYS' extremely close relationship to INTEL
> In addition, we have designed and manufactured embedded computer solutions
> for Intel, received research and development funding from Intel for the
> development of various embedded computer systems, engaged in joint planning
> and marketing programs with Intel and relied in part on Intel's distributors to
> market our products.
RSYS' reasons for the merger with TEXM
> RadiSys expects the merger to enhance its ability to serve the need for
> embedded computer solutions in several of its principal market segments,
> including telecommunications, manufacturing-automation and medical equipment.
> Because the products of RadiSys and Texas Micro complement each other with
> little overlap, RadiSys believes the combined company may be able to deliver
> greater value to customers than RadiSys and Texas Micro could separately. For
> example, Texas Micro's largest customer applications are voice messaging
> systems and computer telephony systems. It delivers a system chassis and
> CPU board to its typical customer, while the customer acquires other
> boards and software, such as DSP boards and WAN interface boards, from other
> sources.
> RadiSys, on the other hand, can deliver CPU boards, DSP boards and
> associated firmware, and has developed a growing set of WAN capabilities.
> Texas Micro also has developed a capability in system enclosures and is
> developing a fault-tolerant approach. Accordingly, RadiSys believes the
> combined company may be able to deliver a broader solution to telecommunications
> applications than either RadiSys or Texas Micro could separately.
And, TEXM's reasons for their willingness to merge with RSYS:
> REASONS OF TEXAS MICRO FOR THE MERGER
>
> Texas Micro management believes a combined RadiSys and Texas Micro has
> the potential to realize increased market share and improved operating and
> financial performance as compared to the two entities operating independently.
> The combined company will create one of the largest embedded computer solution
> companies in the United States with pro forma combined revenue of approximately
> $186.5 million for the twelve months ended December 31, 1998. The combined
> company will be able to offer its customers a broader end-to-end embedded
> system solution through these complementary product lines, as well as expanded
> geographic support and service coverage. For example, in the telecommunications
> industry, Texas Micro generally ships its customers system chassis and CPUs,
> with the customer acquiring other boards and software, such as DSP boards and
> WAN interface boards from other vendors.
> With the addition of RadiSys' DSP and WAN capabilities, Texas Micro will be
> able to provide its customers with more value-added components. In addition,
> a combined company could (1) improve its competitive position relative to
> larger companies that have entered the embedded computer solution market in
> the past few years including, Motorola, Inc., Solectron and Compaq Computer
> Corporation and (2) reduce its susceptibility to large customer sales losses
> that historically have impacted each company.
> Finally, the combined company could strengthen each company's international
> position by creating European operations of a sufficient size to compete more
> effectively internationally, as well as giving Texas Micro a potential
> presence in Japan.
There is lots more ... including a very detailed description of the negotiation process both companies went through before agreeing to this merger.
--alan |
