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Technology Stocks : Racom Systems (RCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Pat Pending who wrote (445)	7/12/1999 11:18:00 PM
From: Gutterball	Respond to of 468

I guess I meant to say "didn't".

To: Pat Pending who wrote (445)	7/12/1999 11:21:00 PM
From: Gutterball	Respond to of 468

RACOM SYSTEMS, INC. P.O. Box 3224 Boulder, Colorado 80307 July 1, 1999 Dear Stockholders of Racom Systems, Inc.: You are invited to attend a Special Meeting of the Stockholders of Racom Systems, Inc. (the "Company") to be held at the Law Offices of Gary A. Agron, 5445 DTC Parkway, Suite 520, Englewood, Colorado 80111, the Company's counsel, at 9:30 A.M. local time, July 12, 1999, or at any adjournment or postponement thereof (the "Special Meeting"). At the Special Meeting, you will be asked to consider and vote upon an amendment to the Company's Certificate of Incorporation to effect a reverse stock split of the Company's common stock, par value $0.01 (the "Common Stock") on the basis of one share for each fifteen shares outstanding (the "Reverse Split") in order to reduce the number of outstanding shares of Common Stock, from 19,987,230 to approximately 1,332,482 and to consider and vote upon any and all other business that may properly come before the Special Meeting. Details relating to this matter including potential reasons for the Reverse Split are set forth in the attached Proxy Statement. Please review and consider the enclosed materials carefully. All stockholders of record of the Company as of the close of business on June 17, 1999 will be entitled to notice of and to vote at the Special Meeting or at any adjournment or postponement thereof. YOUR BOARD OF DIRECTORS HAS UNANIMOUSLY APPROVED THE REVERSE SPLIT. THE BOARD OF DIRECTORS OF THE COMPANY BELIEVES THAT THE PROPOSED REVERSE SPLIT IS IN THE BEST INTERESTS OF THE COMPANY AND ITS STOCKHOLDERS AND UNANIMOUSLY RECOMMENDS THAT YOU VOTE FOR ITS APPROVAL. Regardless of the number of shares you hold or whether you plan to attend the Special Meeting, we urge you to complete, sign, date and return the enclosed proxy card immediately. If you attend the Special Meeting, you may vote in person if you wish, even if you have previously returned your proxy card. Sincerely, Arthur B. Rancis President

To: Pat Pending who wrote (445)	7/12/1999 11:27:00 PM
From: Gutterball	Read Replies (2) \| Respond to of 468

Can't find a symbol for Racom on Yahoo! Quotes. The reverse split probably passed and we are in for another symbol change. Did I read the proxy right, 1 to 15 ? This after a 1 to 5 reverse, Ouch ! Let this be a lesson for Ramtronians...How long can this go on? Considering the two firms virtually bought Racom for $170,000 last month, doesn't look like the company has much value. It's probably worth more as reverse merger. I imagine Rancis and that other guy will be gone within a month.