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Technology Stocks : Versant Technology (VSNT) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Chisholm who wrote (438)	7/15/1999 7:25:00 AM
From: nanocap	Respond to of 477

Daniel, although debt to equity conversion @ $2.13 per share is less than current shareholders might like, keep in mind that this stock has only recently had a run up to the $2.75 - $3.00 level. Any negotiation with debt holders probably occurred with the stock at lower levels, therefore this convert may have used some type of average price over a certain period of time to determine a fair convert value. I suspect that had the convert been put in place earlier this year when the stock was at $1.25, shareholders would have been pleased that someone gave the Company money and took an above market convert price in return. In any event, only top line growth will determine the potential and acceptance of the underlying technology.

To: Daniel Chisholm who wrote (438)	7/21/1999 8:28:00 PM
From: nanocap	Respond to of 477

Daniel, VSNT reported good numbers today after the close. Revenues reached $7 million and the Company reported a profit of $.03 per share. Outlook for the balance of the year is positive and this quarter registered 60 license agreements and 20 new customers. New financing package provides necessary working capital and relieves debt burden. Relationship with IBM and BEA Systems is in the early stages, watch for additional developments with these two as the year unfolds.