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Gold/Mining/Energy : Schlumberger - The biggest/baddest oil service company -- Ignore unavailable to you. Want to Upgrade?

To: bral who wrote (161)	1/19/2000 3:25:00 AM
From: dalroi	Read Replies (1) \| Respond to of 216

smartcard indeed slb teamed up with activcard on the easdaq. www.easdaq.be look into news and on activcardsite 11 January 2000 09:20 -------------------------------------------------------------------------------- Company Announcement: Activcard announces sale of shares and offer to sell ACTIVCARD ANNOUNCES SALE OF SHARES AND OFFER TO SELL Suresnes, FRANCE - January 11, 2000 - ActivCard S.A. (EASDAQ: ACTV) announced today that it has entered into strategic stock purchase agreements with Schlumberger Systemes, with headquarters in Paris, France and New York, NY, and Business Brain Showa-Inc, Tokyo, Japan. These agreements are the result of ActivCard's continuing efforts to develop relationships with business partners. Pursuant to the stock purchase agreements, Schlumberger and Business Brain Showa-Inc. have agreed to subscribe to 174,825 and 116,550, respectively, of newly issued shares of ActivCard at $17.16 per share. This price was derived and set at the company's December 16th board of directors meeting using the arithmetic average of the 10 consecutive closing prices of ActivCard stock from November 25 to December 8, 1999. This reference period was chosen within the last 20 trading days prior to the December 16th meeting, consistent with generally accepted French business practices. The Company also announced that it has offered Sun Microsystems and SCM Microsystems to subscribe to 582,750 and 116,550, respectively, of newly issued shares of ActivCard at $17.16 per share. Commitments from Sun Microsystems and SCM Microsystems have not yet been finalized. These investments are subject to the final negotiation of mutually agreeable definitive agreements between the parties. All of these investments, including any potential investment by Sun Microsystems and SCM Microsystems, are subject to approval by the shareholders of ActivCard at its shareholders meeting planned for February 9, 2000. In connection with the potential investments by Sun Microsystems and investment by Schlumberger Systemes, these companies have requested the option to obtain a seat on ActivCard's board of directors which will be subject to the approval of shareholders of ActivCard at its annual meeting planned to be held in May 2000. About ActivCard. ActivCard S.A. (EASDAQ: ACTV) develops, markets and supports software and related products that provide or enable authentication, electronic certification and digital signatures for use on the Internet or in network systems, services and applications. ActivCard has corporate headquarters in Fremont, CA; Suresnes, France; and Singapore. Further information is available at (510) 574-0100, e-mail: info@activcard.com and web site: www.activcard.com. Hope this helps Stefaan