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Technology Stocks : NextPath Technologies: NPTK
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To: CJ Quantumwell who wrote (87)11/23/1999 4:54:00 PM
From: Q.   of 106
 
CJ, in the 8-k, I think that "non-operating" means a sort of shell division of the company.

When they complete an acquisition of a real company, for example Willow Systems, they merge one of their "non-operating" subsidiaries with the acquired company. At that point, the formerly "non-operating" subsidiary becomes an operating company. At the time of the 8-k, only Laser wireless had undergone this process. Since then Willow Systems has.

At least, that's my best guess.

It is an unusual scheme, I think.
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