NTN Communications, worth 185 million? Message Board

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Technology Stocks : NTN Communications, worth 185 million?

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To: Rich Genik who wrote (2909)	11/10/1999 7:52:00 PM
From: June	Read Replies (2) of 2985

Just a little news on cleaning up the company. I pasted the text at the end of this message. biz.yahoo.com I took advantage of this rally and sold some at $2.75 Monday morning. Now when do I buy it back? Sue, I could use your help with interpreting the trading. I've missed your input. BTW, they are having cyber tantrums on Yahoo. I can always use a laugh. June CARLSBAD, Calif.--(BUSINESS WIRE)--Nov. 10, 1999--NTN Communications Inc. (AMEX:NTN - news), an Internet games provider and interactive television network operator, reported today that it has settled two outstanding legal claims. The first settlement was that between NTN and the class of plaintiffs in Miller v. NTN Communications, et al., filed in June 1997. The parties have reached a tentative settlement agreement whereby NTN is to pay $3.25 million, subject to agreement on documentation and preliminary and final approval by the U.S. District Court. The settlement payment is fully covered by the company's liability insurance. In an unrelated development, NTN and the Business Software Alliance (``BSA') have reached a settlement agreement in connection with NTN's use of certain software products in the course of its business with insufficient licenses for such use prior to 1998. BSA is a trade association representing software publishers in the business of developing and marketing a variety of computer software products. Pursuant to the settlement agreement, NTN will pay to BSA a total of $339,864 in ten equal monthly installments. The company had previously reserved an amount sufficient to cover the expense of the settlement. The payments will therefore have no adverse impact on the company's future operating results. ``NTN's new management team is very pleased to have these issues from past years resolved,' said Stanley B. Kinsey, chairman and chief executive officer of NTN Communications Inc. ``The favorable resolutions will allow us to fully focus on our operating and growth strategies.'

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