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To: Elroy who wrote (364)	3/7/2000 10:15:00 PM
From: Q.	Respond to of 1931

No, I think the insiders are either tendering all of their shares or, if it hasn't changed since the SEC filing reprinted below, the same percentage as the non-insiders. The latter scheme would leave the % insider ownership unaffected. Here's the filing, which predates the annoucement last night edgar-online.com Telesoft has been advised that Thierry E. Zerbib, Brian H. Loeb and Michael F. Zerbib currently intend to tender at $7.00 per share in the aggregate the same percentage of their shares as the percentage of all of other shares tendered as of 5:00 p.m., New York City time, on Friday, March 3, 2000. For example, if unaffiliated stockholders tender as of 5:00 p.m., New York City time, on Friday, March 3, 2000, 50% of the Telesoft shares held by them, Messrs, Zerbib, Loeb and Zerbib will tender 50% of the Telesoft shares held by them. Telesoft will issue a press release after 5:00 p.m., New York City time, on Friday March 3, 2000 indicating the number of Telesoft shares tendered by unaffiliated stockholders and the number of shares to be tendered by Messrs. Zerbib, Loeb and Zerbib. Messrs. Zerbib, Loeb and Zerbib reserve the right to change the number of Telesoft shares to be tendered by them and the price at which they tender Telesoft shares. Any such change will be publicly announced by Telesoft.