look at the poor ceo of intd does ipo gets some money from worldcorp who then starts going broke sucking intd down with them
techstocks.com
want to laugh look who is on bod of intd that cnbc guy bill seidman, he is hyping new intd ceo in this quote
"I have seen Al Dominick in action in several settings throughout the years," said L. William Seidman, former chairman of the FDIC, chief CNBC commentator and member of the InteliData board of directors. "His successful track record at M&I, Boatmen's, Bank One, and Shawmut is quite impressive. He has the experience and ability to take InteliData to the next level."
this company has 20 out of top 100 banks on line using it's home banking software, new biz ties to big boys like msft, major buyout candidate,imo
PR Newswire - June 19, 1998 11:03
HERNDON, Va., June 19 /PRNewswire/ -- InteliData Technologies Corp. (Nasdaq: INTD) today issued a clarification to a June 17 press release from WorldCorp and a subsequent June 18 Washington Post article which mentioned InteliData's relationship to WorldCorp. In the press release, WorldCorp stated, "In recent times, WorldCorp has been selling its holdings in its two operating subsidiaries, World Airways, Inc., and InteliData, to raise funds with which to meet its obligations."
After speaking with WorldCorp, InteliData has confirmed that since InteliData's 1995 initial public offering (IPO), WorldCorp has not sold any of its shares of InteliData stock.
In addition, InteliData CEO John Backus noted, "Since our Company's IPO in 1995, InteliData has not been an operating subsidiary of WorldCorp, has not provided cash to WorldCorp, and has no intentions to upstream cash to WorldCorp or any other shareholder. Although we have benefited tremendously from the strategic guidance and direction provided to us by our WorldCorp Board members, their guidance comes from their capacity serving on InteliData's Board of Directors. WorldCorp enjoys no rights beyond those that every shareholder of InteliData is entitled."
InteliData, with headquarters in Herndon, Va., develops and markets interactive products and services for the financial services and telecommunications industries. InteliData's two business divisions include Home Banking and SoHo Telecommunications. InteliData is a leading supplier of home banking software with over 20 of the top 100 U.S. financial institutions as customers. In addition, the Company is emerging as a leading telecommunications solutions provider to the rapidly growing small office/home office (SoHo) market. |
