Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: TRIIBoy who wrote (11048)	9/22/1999 8:31:00 AM
From: xcr600	Read Replies (2) of 18998

VTCH- here's whats afoot.. quote.bloomberg.com Gateway Plans to Invest $31 Million in Vitech America, WSJ Says San Diego, Sept. 22 (Bloomberg) -- Gateway Inc. will invest $31 million in cash in Brazilian computer seller Vitech America Inc. for convertible notes and other options, for a stake in the company of almost 23 percent, the Wall Street Journal said, citing people familiar with the situation. Gateway will also acquire the right to buy Miami-based Vitech outright after 2001 based on certain performance criteria. Gateway and Vitech, which operates from Sao Paulo, Salvador and Ilheus, Brazil, declined to comment on the announcement, which the unidentified people said could be made as soon as today, the Journal reported. Gateway is the No. 2 direct seller of computers behind Dell Computer Corp., and Vitech markets its products in Brazil under its brand names that include ``Microtec,' ``Quest,' ``Spalla,' ``Vesper' and ``Vision.' (WSJ 9/22 A16 wsj.com) NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.

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