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Technology Stocks : CommTouch (CTCH) : a futur Media Metrix Top 10 ? -- Ignore unavailable to you. Want to Upgrade?

To: AccSpec who wrote (197)	10/11/1999 1:38:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 420

Folks, here's the actual article. I like the part about Paul Allen's 16.8% stake in ctch as being instrumental in sealing the deal with Microsoft. Other comments? ----------- Monday , Oct 11, 1999 Sun-Thu at 18:00 (GMT+2) High Tech News Microsoft, CommTouch to Cooperate By Shai Shalev Microsoft is about to sign a cooperation agreement with Israeli Internet company CommTouch, one of the leading companies in electronic mail on the Internet, Globes has learned. CommTouch's products are expected to be a part of the software solutions that Microsoft offers to its business clients. The cooperation is expected to contribute to CommTouch, both by increasing the number of its customers and to raising its revenue. CommTouch currently has 120 employees in the US and Israel. CommTouch, which raised $48 million on Wall Street in July of this year, is currently traded at a value of $240 million, slightly over issue price. The largest shareholder is Paul Allen, one of the founders of Microsoft and its second largest shareholder (after Bill Gates). Allen invested $20 million at time of share issue through companies under his control, among them Go2Net. He holds 16.8% of CommTouch's shares. It is estimated that Allen's presence had a positive contribution toward the signing of the cooperation agreement with Microsoft. Other shareholders in CommTouch include the three founders, Amir Lev, Dr. Nahum Sharfman, and Gideon Mantel, company president Isabel Maxwell (the daughter of Robert Maxwell), and a group of venture capital funds headed by Evergreen, which also includes Apax Leumi, Yozma, Gemini, Concord, and Etgar. Published by Israel's Business Arena on 10 October, 1999