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Technology Stocks : CompuCom Systems & spin off ClientLink, Inc -- Ignore unavailable to you. Want to Upgrade?

To: DEER HUNTER who wrote (372)	6/16/2000 12:29:00 AM
From: Cheryl Galt	Read Replies (1) \| Respond to of 388

> how much cheaper can it get? < Time will tell, but I'm hoping the new CEO and the people he's bringing over from CSC can help them transition to a service company. I held CompuCom a few years ago, then switched to mostly investing in Biotech. A few days ago, I bought some at $2, thinking this was the bottom. Not much was available at this price. Then today it closed at $1 7/8. Why? Any connection to the rumor that CompuCom would buy Inacom? Regards, Cheryl

To: DEER HUNTER who wrote (372)	6/16/2000 12:33:00 AM
From: Cheryl Galt	Read Replies (1) \| Respond to of 388

Sigh of relief! From ZDNet, June 15, "Inacom, CompuCom Talks Scuttled" zdnet.com By John Moore, Sm@rt Partner Acquisition talks between Inacom Corp. and CompuCom Systems Inc. have broken down, according to a source familiar with the negotiations. Cash-strapped Inacom has been under pressure to complete a sale. Its banks recently extended an agreement to fund payroll and other critical functions through June 16. Inacom reported on Monday that the company was in "active negotiations with a strategic buyer." But those talks have stalled. One of the sticking points, the source said, was how to structure the deal given CompuCom's status as a Safeguard Scientifics Inc. partnership company. Safeguard is an Internet-oriented holding company. If Inacom fails to strike a deal and its banks refuse to extend financing terms, the company "will likely need to seek protection under federal bankruptcy law," Inacom stated Monday in a Securities and Exchange Commission filing. Inacom reportedly has received bids from two other potential buyers, but would have to quickly complete a deal to meet the Friday deadline. The source said it is unlikely that Inacom and CompuCom will resume discussions. Inacom and CompuCom officials could not be reached for comment