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Technology Stocks : TTRE: TTR Technologies, Inc.
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To: afrayem onigwecher who wrote (73)12/23/2002 7:15:56 PM
From: StockDung  Read Replies (1) of 120
 
8. What are some of the reasons that TTR’s Board is in favor of the asset sale to Macrovision?



TTR’s Board is in favor of the asset sale to Macrovision principally for the following reasons:



· TTR will no longer be exposed to continuing losses associated with its research and development relating to its copy-protection business.

· The lack of a currently active market in the music industry for copy protection technologies and the uncertain commercial prospects in continuing the Business.

· Avoidance of a costly legal battle and the risk incipient in arbitrating the Company’s potential claims under the agreement with Macrovision, the outcome of which is uncertain.

· The Company’s lack of capital resources, the difficulty in raising additional capital for the Business and the potentially significant dilution shareholders would experience if the Company were to complete a capital raise.

· To afford TTR the capital resources to consider other opportunities with greater prospects for rapid growth and revenues.
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