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Technology Stocks : ICO (Inacom) LeadingTech Mgmt Services Co -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (269)	5/25/2000 5:13:00 AM
From: Alan Norton	Read Replies (1) \| Respond to of 274

Sr K, Good luck with that now that the NSYE is seeking to delist Inacom. To bring everyone up to date: Inacom announced on 5/17 that they were restating their financials for the past two years, increasing charges by at least $25 million. In addition, financials for the previous quarter will not be finalized until the restatement of the previous quarters is complete: siliconinvestor.com On 5/18 the NYSE put a halt to further trading in ICO, based on the information above. The NYSE would review the listing requirements for possible delisting: siliconinvestor.com Then on the same day, this article, with information that the Blackstone Group had been hired to provide 'financial advice' and that the company may be sold: dailynews.yahoo.com ZDNet reports on 5/18 that the Blackstone Group is an advisor to Inacom for the sale of Inacom's assets and that there were four interested companies: zdnet.com On 5/24, the NYSE said it will seek permission from the SEC to delist Inacom, primarily as a result of the Inacom's failure to file their quarterly financials on time: omaha.com The company could try to remain in business as a viable entity. In order to do this, the stock would have to be relisted on a major exchange, which would be almost impossible without current financials and the stock trading at $15/16 on the New York Stock Exchange when trading was suspended. A sale of the company is the best that a shareholder in Inacom can expect. Of the four companies mentioned in the ZDNet article, I would expect Compaq and Computer Associates to be in the group. Compaq recently purchased part of Inacom's assets in a sale completed in March of this year. Computer Associates is looking for the type of IT professionals that Inacom/Vanstar could supply. They tried, unsuccessfully, to purchase Computer Sciences Corporation in 1999. I'll spare everyone the political commentary suffice to say that this one is destined to end up as a case study in a business management textbook someday.