Summit Design (SMMT)-Another EPIC? Message Board

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Technology Stocks : Summit Design (SMMT)-Another EPIC?

SMMT 17.61

+4.8%

3:59 PM EST

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To: Just4fun2 who wrote (24)	9/14/1997 8:51:00 PM
From: Peter van Steennis	of 100

David etal Summit had a news release on Friday, Sept. 12, regarding the purchase of Simulation Technologies Corp. The news release went on to say.... "The aggregate acquisition consideration (including shares reserved for issuance upon exercise of Simulation Technologies options which were assumed by Summit) was 1,980,000 shares of Summit Common Stock and $4,000,000 in cash. The transaction will be accounted for as a purchase and Summit expects to record a significant one-time charge consisting of an in-process research and development write-off and other transaction costs." What do you or any of the others on this thread think will happen on Monday? Regards Peter

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