SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : QSII, Quality Sys., depressed Buy soon ?
QSII 22.35+0.7%Sep 7 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ned dairiki who wrote (14)6/8/1998 7:43:00 PM
From: Andrew   of 50
 
Lawndale amends 13-D increasing QSII position

This is from yahoo board:

In a filing with the SEC on June 8, 1998, Lawndale Capital Mgmt amended its 13-D filing, increasing its position to over 6.8% of the shares of Quality Systems, Inc., a Tustin, CA-based company trading under OTC symbol, QSII. Quality Systems has almost $3/share of net cash, substantial recurring revenue from its core dental systems business and two young entrepreneurial and fast-growing subsidiaries, Clinitec Intl and MicroMed Healthcare Info. Sys that develop and provide electronic medical records systems and enterprise practice management systems, respectively.

As stated in ITEM 4 of our filing, we have communicated with QSII's Board of Directors, our views as to the merits of changes in the makeup of QSII's current Board of Directors. We believe that active independent directors with a long-term strategic view of maximizing shareholder value would provide useful guidance to QSII management. As part of our desire to strengthen the composition of QSII's Board of Directors, we introduced a prospective independent director for consideration to be nominated to the Board at QSII's upcoming annual meeting.

We believe that the public market of Quality Systems' stock does not adequately reflect the potential value of QSII's underlying businesses and assets. Lawndale believes that shareholder value could be further enhanced if the Board increased its focus on evaluating strategic alternatives to unlocking the value in QSII's businesses. Therefore, Lawndale has also introduced QSII management to several prospective customers and joint venture partners.

Our latest filing is available on the SEC's Edgar database through various same day comm'l services on the web such as free edgar at freeedgar.com

Our 1st amended filing on January 28, 1998 and our original filing can be found directly in SEC's Edgar database at:
sec.gov
sec.gov
respectively.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext