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Technology Stocks : Wi-LAN Inc. (T.WIN) -- Ignore unavailable to you. Want to Upgrade?

To: Randall Cunningham who wrote (396)	7/17/1999 12:29:00 PM
From: Hatim Zaghloul	Read Replies (2) \| Respond to of 16863

Good day Randall, Thanks for the remarks. As far as I recall, Wi-LAN holds 1.8MM CLQ shares. 10% came free trading in December 97, and 20% on each anniversary. This probably means that 50% are free trading. We have no immediate intentions of selling them. CLQ does not hold any WIN shares (unless they bought them on the public market - which I am almost certain they did not). Michel and myself are the largest shareholders of Wi-Com (about 40% each). Wi-Com holds about 6MM CLQ shares. They have similar escrow provisions as Wi-LAN's shares. Wi-Com (founded at about the same time Wi-LAN started its operations) held all the technology invented by Michel and myself other than what we put into Wi-LAN. In 1995, Wi-Com founded Cell-Loc and gave it rights to the location tracking part of these technologies. There are many other technologies in Wi-Com. Michel and I agree that there is no time to develop those ones. They relate to signal representation and signal compression as well as an excellent novel equalizer for signals transmitted over fading channels. Wi-Com has no shares in Wi-LAN (should have bought when Wi-LAN was down but thought of using the funds to dissolve Wi-Com amongst its shareholders). Mr. Webb and myself have an excellent working relationship. He was the VP of the department in which I was a Senior Researcher. When Cell-Loc went public and we (Michel, I and Cell-Loc) needed to have a CEO (Michel was still a full time Professor), John left Telus and we offered him the position. He accepted and did a great job transforming Cell-Loc from a subsidiary of Wi-LAN to a full blown company. Recently, John, after numerous discussions with different board members, decided to pursue other opportunities. I wish him all the luck. To be clear that there are no personal misunderstandings, I would offer John the same role in any other startup that I invest in. Michel is an aggressive believer who could lead Cell-Loc to its first big sales and could help it establish itself as the leader in location tracking. For those that do not know, I am, indirectly, one of the largest shareholders of Cell-Loc and am registered as one of its two promoters. Randall, please feel free to post parts of this message in the CLQ forum. All the best, Hatim