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To: KLP who wrote (264)5/4/2000 7:06:00 PM
From: Mark Adams  Read Replies (1) | Respond to of 274
 
Merging with Vanstar destroyed the balance sheet. Combined with decreasing margins in hardware in the sector, the company hit a brickwall.

I'm still wondering how/if Warburg got out, holding 33% of the company following the merger.

I'm assuming the motivation behind what I now percieve as a shotgun wedding between the two companies sponsored by institutional investors, was preserving the possibility of exiting their positions before final call.