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Technology Stocks : SCM MIcrosystems

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To: CMon who wrote (32)	2/17/1999 10:31:00 PM
From: David and Elena Krikorian	Read Replies (1) of 45

Cmon, Did you wake up on the bitter side of the bed today or what. Thank you for pointing out the obvious with respect to the "selling" shareholders. I wonder if you understand what is taking place here. Allow me to sum it up for you: 843,000 shares were issued in conjunction with SCMM's acquisitions of Shuttle and Intermart. These shares, by law must be registered with the SEC. An S-3 filing is the mechanism to accomplish this. As for the amount of shares registered in the S-3, they total 843,000. The S-3 does not indicate that the holders of these shares WILL sell their shares but rather that these shares were issued in conjunction with the purchase of their respective companies and that they MAY be sold from time to time in the market if said shareholders decide to sell. This S-3 is valid for 180 days and may be amended by SCM at any time. Also, the shares needed to be registered by SCM within 30 days from the time the pooled financials were tabulated not because these shareholders thought valuation were getting high. This is a big non-event and now you have the facts. Dave

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