My take on Andreini's latest 13g CYOE filing. He not only controlled the shares of the little boys school besides the trading accounts of the others mentioned in the 13G filing 4/5/99 but as our information confirmed he and Comdisco chairman resigned because of the scandal. Andreini also had control of the CYOE Comdisco accounts also. He was 20 months late in filing this cover up. If the 13g would have been filed prior to his resignation the Comdisco CYOE shares and warrants would also have been included in the filing. Will Comdisco still be MUM? I don't think so.
"Comdisco also reported that Alan Andreini, who left Comdisco as Executive Vice President in May 1997, has resigned from the Board of Directors"
Comdisco Announces Nicholas K. Pontikes as New Chief Executive: Slevin Retires
Business Wire - January 12, 1999 08:38
ROSEMONT, Ill.--(BUSINESS WIRE)--Jan. 12, 1999--
Appointment Consistent with Business Strategy to Grow Comdisco as
Services Company
Comdisco, Inc. (NYSE: CDO) today reported that its Board of Directors has named Nicholas K. Pontikes as President and Chief Executive Officer. He succeeds Jack Slevin, 62, who has led Comdisco for the past five years, guiding the company through its transition to a technology services company.
Pontikes, 34, has been a member of the board since 1993 and has been serving as president and chief operating officer. Slevin has retired as chief executive and resigns as chairman and a member of the board of directors. The position of chairman remains unfilled at this time.
"I am stepping down at a time when both the board and I are confident about the strength of the company's business potential and leadership," said Slevin. "In Nick, Comdisco has a leader who knows the business and is well respected by the organization. Nick was the driving force behind our strategies to grow our services business. From the success we've demonstrated in building both the profitability and the scope of our services business, it is clear that Nick is in close touch with both customer needs and market opportunities."
"I'd like to thank Jack for his contributions over the past twenty-four years in building Comdisco and helping to position the company for the future," said Pontikes. "As CEO, I will work with a highly motivated management team to continue our strategy of providing global solutions for our customers, increasing our technology services business and expanding our leasing portfolio into fast-growing technology areas. This group, which collectively owns about 33 percent of the company, has grown our communications portfolio to nearly $1 billion and built our electronics business from a start-up in 1992 to more than $1 billion today. They have also been instrumental in increasing pre-tax earnings from our services business from $10 million in 1993 to $71 million in 1998. We have a strong base, the right management team and great opportunities both in North America and abroad."
Comdisco also reported that Alan Andreini, who left Comdisco as Executive Vice President in May 1997, has resigned from the Board of Directors |
