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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"
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To: Ratan K. Choudhury who wrote (1760)3/9/1998 5:06:00 PM
From: Kirk Pearson  Read Replies (1) of 1985
 
JTS just filed an 8-K that says it sold pretty much all of its Atari division to a subsidiary of Hasbro on 2/23/98 for $5 million:

freeedgar.com

On February 23, 1998, JTS Corporation (the "Company") sold substantially all of the assets of the Company's Atari Division, consisting primarily of Atari home computer games and the
intellectual property rights and license agreements associated with such games (the "Atari Assets"), to HIACXI, Corp. ("HIAC"), a
wholly-owned subsidiary of Hasbro Interactive, Inc., for $5,000,000 in cash. The purchase price was determined based upon arm's-length negotiations between the Company and HIAC. The Atari Assets were acquired by the Company in July 1996 when the Company merged with Atari Corporation. There is no material relationship between HIAC and the Company, any of its affiliates, any director or officer of the Company, or any associate of any such director or officer.
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