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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (5137)5/14/1999 12:24:00 PM
From: Lex Luther   of 15132
 
Justa,
I apoligize for not getting back to you sooner as I'm traveling right now in the southwest and I've been extremely busy. There is something going on as someone is definitely accumulating these shares. I did find out that Roger Marach was forced out "nicely"(if there is such a thing) as Richie Faubert wanted his own guy! But since Faubert is a plant for Richard Hill and NVLS I doubt very seriously that we will see a new CFO anytime soon. He was forced out and there is no doubt in my mind that there was a difference of opinion between Faubert and Roger Marach. Roger was instrumental in building this company from the ground up and I think he has a difference of opinion as to the direction the new management is taking. This information is leaking into the market very quickly! Option activity is picking up and a friend of mine at SFAM said TEL was in for a visit recently, so now Mr.Hill and Mr. Levy have some decisions to make. I think Roger's resignation fits in here somewhere, as maybe TEL made an unsolicited (good)offer and they decided to turn it down. Who knows? But I will try and find out more shortly! IPEC does have a distribution agreement with TEL so there is an established relationship and the subject came up during the conf. call. Gotta go.........take care!

Lex
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