RETIX (RETX) Perhaps Another Acquisition Target For CSCO? Message Board

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Technology Stocks : RETIX (RETX) Perhaps Another Acquisition Target For CSCO?

VRTL 60.69

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Nov 12 3:59 PM EST

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To: Dana Johnson who wrote (989)	1/16/1998 11:25:00 AM
From: Delta2j	Read Replies (1) of 1119

Can someone explain whether they think RETX could have gotten a better deal? For instance is the 19.9 percent a decent figure? Also what are the chances that Sonoma Systems will turn out to be a better investment than Vertel in the long run? ...The new investment includes the issuance of preferred stock by Sonoma Systems and provides $9 million of additional cash for intended rapid expansion of their product lines and aggressive market development efforts. As a result of this external financing, Retix(Vertel)'s ownership in Sonoma Systems, after giving full effect of currently reserved or issued employee stock options, will be 19.9 percent. In addition to its equity ownership, Sonoma Systems will issue Retix(Vertel) $1 million in redeemable, non-voting, non-converting preferred stock. ''This investment will allow Retix to address aggressively the TMN (telecommunications management network) market opportunities at Vertel while retaining an interest and participating in the future success of Sonoma Systems,'' said Bruce Brown, president and chief executive officer of Retix(Vertel).

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