Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : NHC COMMUNICATIONS (TSE:NHC) acquiring THE FIBER COMPANY -- Ignore unavailable to you. Want to Upgrade?

To: cleto who wrote (157)	1/31/2000 10:20:00 PM
From: SteveG	Read Replies (1) \| Respond to of 856

i don't think TSTN could buy NHC for 1/25 - and even if they could they probably would prefer to just continue focusing on selling their own solution - the CX-100. Buying a competitor's solution, whether large or small competitor, would be an admission of technological defeat - and that comp market cap we are drooling over wouldn't be there for long.

To: cleto who wrote (157)	1/31/2000 10:22:00 PM
From: SteveG	Respond to of 856

did everyone see this: stockhouse.ca NHC shareholders not to accept financing NHC Communications Inc NHC Shares issued 12,910,659 2000-01-28 close $5.75 Monday Jan 31 2000 Mr. Sylvain Abitbol reports In order to maintain and further increase shareholders' value, the shareholders participating at NHC Communications Inc. annual meeting, held today in Montreal, voted not to accept the second part of a $1-million private placement in the company, secured last year with a venture capital firm, because it would have unnecessarily diluted the fast increasing market capitalization of NHC. The shareholders also unanimously voted to re-elect the directors and to appoint PricewaterhouseCoopers as the company's auditor. As a consequence of this vote -- not to accept the second part of the private placement -- an important number of warrants to be issued pursuant to the second part of the placement have been automatically cancelled. Following the first part of the private placement, the maximum and non-prorated fully diluted number of common and common equivalent shares issuable of the company is 18,255,291. To those present, the chairman and chief executive officer of NHC, Sylvain Abitbol, reminded that last year's action plan was designed to strengthen and align the company's resources in a way to secure the leadership position as supplier of remote test access and deployment solution for the niche DSL service market. "Last year had been earmarked as a year of transition and challenges for NHC. In the last quarter we underpinned a new and highly focused strategic corporate direction that clearly mapped the company's evolutionary process. Now we are on track with respect to the launch and fast market positioning of our VCCS Solution with American CLEC companies," continued Mr. Abitbol. Commenting on the year-end results, NHC chief financial officer, Ralph Benatar, said, "In retrospect, the main achievement of the year was our ability to create a new NHC, one focused on identifying and capitalizing on emerging opportunities within the burgeoning Telecommunication Industry and more specifically the niche market of DSL service. "In short, we have been able to validate our technology to the market with the awarding of the largest contract in NHC's history valued at a minimum of $20-million (Canadian). We expect to continue on this momentum and build up sales for the VCCS Solution."