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Technology Stocks : VocalTec (VOCL) -- Ignore unavailable to you. Want to Upgrade?

To: David Wiggins who wrote (2098)	6/8/1999 6:44:00 PM
From: savolainen	Read Replies (2) \| Respond to of 2349

[super sushi] greetings david, thanks for posting the latest wsj dt stuff... might have missed it otherwise fwiw, at least for part of the story, am inclined towards sushi , as STK1 put it ... my money is on fujitsu for the strategic partner that "VocalTec is seeking to form a separate entity with " for enterprise-oriented operations... as vocaltec has been working already with fujitsu for corporate/enterprise solutions... As you probably know, vocaltec and fujitsu (fujitsu business systems) announced a distribution agreement early in 98 to "deliver ip telephony solutions to (the) corporate market" ... the first market targeted was japan where together they won some business with japan telecom... as don walster put it in his report from h&q (thanks don!): "In addition, in a private question and answer period, someone asked about Japan. His "no comment" answer was not a "no", but was construed as something which he was not at liberty to discuss at the present time."... and fujitsu as a major systems player (along with all the others) could use all the ip telephony expertise they can get their hands on... also coming at this from another angle... would think the fit pretty good as fujitsu is also working with dt for a related rollout... fujitsu partnered with orct (another israeli co) has 1/2 the contract for the dt adsl (broadband) rollout which is just starting to gear up in a major way... --- and in the way of background: the expertise/product line which formed the core of the uk vocaltec operation which is marked to be either spunoff or divested, was purchased by vocaltec in 96 in a stock transition valued at the time at US$ 1.3 million ... this company was originally based in the usa (massachusetts) and was known as "Insitu Inc." ... description from vocaltec: "In April 1996, the Company acquired all the assets of Insitu Inc., a Massachusetts corporation, which was the producer of the Insitu Conference™ software for collaborative computing.The acquisition expanded VocalTec's product lines by adding multimedia collaboration software and provided a technology framework for future multimedia business and commercial Internet/intranet products." best o luck s

To: David Wiggins who wrote (2098)	6/20/1999 8:03:00 AM
From: savolainen	Read Replies (2) \| Respond to of 2349

[insider sales] hi david, looked quickly at your comments on insider selling... fwiw don't think it is nearly as bad as you might think... altho to confirm i really need the latest form 20f which i will call for on monday... i do have a copy of the original prospectus and checking it over, the float started off at 2.5 million shares (1.75 shares by co. and .75 by selling shareholders)... altho yahoo (and insidertrader) say the float is 5.8, am very wary of this number and what the number "means" (as we don't know how they constructed it)... coming at this from another angle: insidertrader.com also mentions that currently Insiders Own: 49.1 % and as current shares outstanding total 11.4 million that means insiders probably own a little over 5.5 million shares (11.4 x .49)... going back to the prospectus, after the inititial offering they owned about 6 million shares (8,507,990-2,500,000)... it should probably be noted that this figure can be broken down: officers and directors owned 2.7 million and the remaining 3.3 million were owned by various venture capitalists (vc).. if i've done my math correctly that should mean since the ipo "insiders" (officers/directors + vc) have only sold about .5 million shares (6-5.5) ... which if true, looks pretty good to me, especially for the vc's- a breed not necessarily known for patience (if its not in their self interest)... also for '95 the directors and officers as a group were paid $597,583 in total (including bonuses)... as there were 11 at the time,that works out to a little more than $50k each for a years work.. which at first glance seems quite modest.. my guess is that the shares issued for dt and for the radlinx acquistion are being counted in the float: 2.5 (ipo) + 2.3 (dt) + .42 (radlinx) + .5 (sold by insiders) = 5.72 which does come pretty close to the 5.8 million published for the float --- a good free site for insider trading : insidertrader.com only the last year or so is accessible ...for the last year they show a little over .5 million in sales (check under both vocl and voclf)... of which .2 is vc (polaris fund) and .3 are officers/directors.. which at least would seem to be sort of in the ballpark til later s