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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (37412)3/17/2000 1:16:00 AM
From: Katie Kommando  Read Replies (2) of 150070
 
DD on TELV

One of the best things about this thread is the sharing of information so we can make informed decisions. Following is some information on TELV that I pulled together for anybody that is looking at it. The most significant item is the $22M that TELV is getting in CNET stock. This should have a significant effect on the company's future.

TeleVideo, Inc. (OTCBB: TELV)
2345 Harris Way
San Jose, CA 95131
408-954-8333

televideo.com

Shares Outstanding: 11.3M
Float: 4.2M

Significant Recent Press Release

biz.yahoo.com

Summary of Press Release

In September 1998 TELV invested $1M in mySimon.com, an Internet comparison shopping company. mySimon was recently bought by CNET Networks (NASDAQ: CNET). In exchange for its interest in mySimon, TELV will receive 375,000 shares of CNET. The transfer is currently being done. The shares are freely tradeable and can be sold three days after the release of earnings for CNET for the quarter ended March 31,
2000.

CNET closed today at $59. Accordingly, the present value of TELV's 375,000 shares is $22,125,000.

ABOUT TELV

TeleVideo, Inc. is a pioneer in thin client server-based computing. Today, the company is utilizing its expertise in server-based network computing to forge new ground in delivering thin-client solutions. For more information visit the company's web site at televideo.com.

TELV'S PRODUCTS

televideo.com

OTHER RECENT PRESS RELEASES

biz.yahoo.com
biz.yahoo.com

FINANCIALS

Financials and 10Q were filed today, March 16, 2000

biz.yahoo.com
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