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To: SSP who wrote (2064)6/30/1999 8:29:00 PM
From: CIMA  Respond to of 150070
 
NCT - Newcourt Credit still deserves consideration for the list IMO:

Wednesday June 30, 8:23 am Eastern Time
Company Press Release
SOURCE: Newcourt Credit Group
Newcourt responds to market speculation
Trading Symbol: NCT
Exchange Listing: Toronto Montreal New York
TORONTO, June 30 /CNW-PRN/ - Newcourt Credit Group today issued the following statement in response to market speculation.

Merger Status

In their joint statement issued June 15, Newcourt and The CIT Group Inc. said they had initiated discussions to reassess Newcourt's earnings expectations and confirmed their ''good faith commitment to seek a mutually satisfactory basis to proceed, especially given our continuing belief in the strategic logic and fit between the two companies.'' As stated at that time, both parties ''expect to conclude this process as quickly as possible.'' Since the joint statement of June 15, teams from both companies have worked together to advance the reassessment. The reassessment discussions are proceeding and the results of those discussions will be made public at the conclusion of the process. During this period we have chosen to remain uncharacteristically quiet and not make any public comment.

Earnings Performance

Newcourt Chief Executive Officer Steven K. Hudson said, ''On the basis of currently available information, the Company believes that it will exceed the cumulative earnings per share ''IBES'' test established in the agreement with CIT. We expect our second quarter results to demonstrate that Newcourt's business fundamentals remain sound.''

Elimination of CIT Share Purchase Option (13D Filing)

On June 15, The CIT Group submitted a Schedule 8K filing with the Securities and Exchange Commission with respect to amendments to the March 8 acquisition agreement between CIT and Newcourt. Subsequently, on June 23, The CIT Group submitted a Schedule 13D filing with the Securities and Exchange Commission with respect to these same amendments.

The information in CIT's most recent filing may have been incorrectly interpreted. In particular, information concerning the surrender by CIT of 13D options granted by Newcourt to purchase shares in Newcourt under the March 8 acquisition agreement may have been viewed incorrectly as incremental to the June 15 announcement. This is not the case.

Newcourt Credit Group is one of the world's leading sources of asset-based financing serving the corporate, commercial and institutional markets with owned and managed assets of US$25.1 billion (Cdn$38.0 billion) and a global capability in 26 countries.

This report may contain forward looking statements about the financial condition and results of operations, objectives and strategies of Newcourt. These statements are subject to risks and uncertainties. Actual results may differ materially due to a variety of factors including competition, technological change, issues relating to Year 2000 readiness, the global capital markets and general economic conditions in the U.S., Canada, or internationally. These and other factors should be considered carefully and readers should not place undue reliance on Newcourt's forward looking statements.

SOURCE: Newcourt Credit Group



To: SSP who wrote (2064)6/30/1999 9:30:00 PM
From: Witold  Respond to of 150070
 
I am very bullish on both HAUP and WAVX. Within the period of one year, if the market doesn't crash, these companies could do extremely well. HAUP should do very well this Summer. WAVX has realistic plans for massive (!) deployment of Internet security- e-content micro-metering chip that may possibly change the way we interact and shop on the Internet. Thank you for bringing this news to my attention. Witold



To: SSP who wrote (2064)6/30/1999 10:55:00 PM
From: Witold  Respond to of 150070
 
Please see the marked paragraph about the HAUP Summer Dtv cards release.

Witold
From:
Message 10101749

HAUP-- HUGE Internet deal wrt Bcst.com and Intel to be announced soon. Here is an excerpt from Businessweek--> Float of 2.6 mm. 63% of shares held by company officials
Mark Cuban, President of Broadcast.com (NASDAQ: BCST) remarked "There are tens of millions of PC monitors capable of displaying HDTV signals. With WinTV-D, consumers will be able to receive those HDTV signals, and with support from Broadcast.com, they can be enabled with high speed internet access and tens of thousands of hours of audio and video on demand. Broadcast.com is excited to participate in this launch and to be working with Intel and Hauppauge to deliver on the promise of true digital delivery of audio and video into America's living rooms."

"Intel is excited to support the development of digital receiver products which enable the PC to receive all the benefits of DTV, data enhanced television and other rich broadcast services,” said Tom Galvin, Director of Market Development, Intel's Content Group. “Hauppauge's WinTV-D card is an example of technology that will help further Intel's goal of bringing new uses to powerful personal computers.”

About Digital Television

Digital TV on a PC

A television window in every PC? That's what Hauppauge Digital HAUP, which makes digital video products for PCs, hopes to see. The company expects to reap big rewards from such a move. It is forming important strategic alliances to achieve its goal. One of its products, called WinTV board, enables the user to view TV programs in a resizable window on the PC.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This summer, it will also market a digital TV tuner called WinTV-D, which lets PC users receive digital TV. The expected price: $500, vs. the $7,000 that high-definition TV sets are retailing for.
******************************************************************

Hauppauge will announce a joint venture soon with a large Internet company that broadcasts streaming media programming on the Web, says one New York money manager. Hauppauge is also forming a marketing alliance with a major E-commerce company, he adds.

David Jordon, senior vice-president at Axiom Capital Management, says Hauppauge will benefit from the increasing supply of Internet-based digital video content and the rising demand for high-speed digital broadcast receivers for PCs.

He expects Hauppauge, now at 12, to earn 60 cents a share on sales of $55 million this year. In 2000, Jordon sees profits of at least $1 a share on sales of $75 million.

BY GENE G. MARCIAL

(this is from Businessweek as indicated in Message 10101823 )