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Technology Stocks : ADSOD-Adaptive solutions

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To: tonyt who wrote (298)	10/29/1997 10:57:00 AM
From: tonyt	Read Replies (1) of 477

BEAVERTON, Ore., Oct 29 (Reuters) - Adaptive Solutions Inc said it agreed to buy Eastman Kodak Co's optical character recognition (OCR) business. The purchase includes Kodak's Imagelink-branded OCR subsystems, technology and related patents, as well as the OCR service business. Adaptive is also buying next-generation intelligent character recognition (ICR) technology and patents developed by Kodak that have been field tested but not yet commercialized, it said. Under terms of the deal, Adaptive will pay approximately $1 million in stock and cash in addition to future royalties. Copyright 1997, Reuters News Service

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