Exon, thanks.
... and sorry to take so long to acknowledge your post.
It's good to be able to follow FAST again: I see they are up to 190NOK now.
I had thought that a strong FAST price must be responsible for the leap in Opticom last week, but realise now that it is the investment by Intel. I've appended the text of Opticom's announcement, copied from Opticom web page at opticomasa.com.
Nigel Martin
November 11th, 1999
COMPANY ANNOUNCEMENT
THIN FILM ELECTRONICS ASA TO
RECEIVE INVESTMENT FROM INTEL
Oslo, Norway, November 11, 1999 - Opticom
ASA (Opticom) and Thin Film Electronics ASA
(TFE), both Norwegian companies, today
disclosed that TFE will receive a NOK 47.15
million equity investment from Intel. TFE is a
newly formed subsidiary of Opticom.
Intel will acquire an initial 6% shareholding in TFE
with subscription rights to acquire up to 13%
shareholding on the same terms. Intel will also
have the right, under certain circumstances, to
convert its shareholding into ordinary shares of
Opticom. This transaction is subject to Opticom
shareholder approval at an Extraordinary General
Meeting to be held on November 29, 1999 in
Oslo.
TFE and Intel have also agreed to jointly develop
technology for the application of thin polymer
films in data storage modules. Intel will have an
option to license TFE's polymer film technology.
About Thin Film Electronics ASA:
TFE is a research and development company
focusing on developing data storage technology
utilising advanced properties of thin polymer films.
TFE has its headquarters in Oslo. Its research
and development is centred in Linkoping,
Sweden. Shares in Opticom are traded on the
SMB List of the Oslo B›rs.
For further information, contact:
Thomas Fussell, Chairman
Thin Film Electronics ASA
tel: + 44 (0) 118 934 2440
fax: + 44 (0) 118 934 2441
e-mail: tf@opticomasa.com |
