I'll go on record here as saying I think Mike Weir has more talent than he's been given credit for...yes, he chokes (I hope it's not because he's Canadian because so am I!) ..but he's one for "the future" ...
now I also happen to believe that any company involved in golf vacations, especially with a North American and European focus is going to do very very well ..I've got my eye on a junior, and this is not a buy recco..but it IS a watch recco..
..have a look at their web page nexttrip.com and then look at their chart on barcharts (http://www.barcharts.com) - plug in symbol v.NTP - trades in Vancouver..
volume has been building and yes, it's a penny stock right now but they made an acqusition which has 11 million in sales...yet it's only trading at 25 cents CANADIAN, down from $1.50 or so...
if you love golf as much as I do, it might be worth playing on their website to "pretend" book your next trip ...I'm awfully impressed how their links are both fast, plentiful and insightful..
worth a "postie" on your monitor for a look-see from time to time...
cheers,
NOK
news from today which I haven't digested yet -- comments from anyone welcome!
Macrovision and GLOBEtrotter Software Sign Definitive Acquisition Agreement
Business Editors/High-Tech Writers
SUNNYVALE, Calif.--(BUSINESS WIRE)--June 19, 2000--Macrovision
Corporation (Nasdaq:MVSN), the leading provider of B2C
(business-to-consumer) video and computer entertainment software copy
protection technologies to the motion picture and PC games industries,
announced today that it has entered into a definitive agreement
related to its acquisition of privately held GLOBEtrotter Software,
Inc. (San Jose, Calif).
GLOBEtrotter is the leading OEM supplier of B2B
(business-to-business) electronic licensing and license management
technology to software vendors and the leading direct supplier of
software asset management products to large corporate customers
worldwide.
The agreement follows two months' of due diligence and provides
for Macrovision to acquire all outstanding shares of GLOBEtrotter for
8.9 million shares of Macrovision common stock and to assume all
vested and unvested GLOBEtrotter stock options in exchange for options
to purchase approximately 760,000 shares of Macrovision common stock.
Completion of the acquisition is subject to the approval of
Macrovision stockholders and the receipt of appropriate regulatory
approvals. Macrovision expects to complete the acquisition in the
third quarter of this year under a pooling of interests transaction.
During the due diligence process the two companies assessed various
<26>accounting policies and procedures, and revised treatment of revenue
accounting policies and procedures, and revised treatment of revenue
recognition to comply with the requirements of SEC Staff Accounting
Bulletin No. 101. The acquisition is expected to be nominally
accretive to Macrovision's earnings before acquisition-related charges
in 2000.
According to International Data Corp. (IDC), by 2003 over 50% of
software sales revenues will be derived from electronic licensing, and
virtually all software sales revenues will be derived from electronic
licensing by 2008. Software vendors have, to date, shipped over $40
billion worth of software using GLOBEtrotter's flagship FLEXlm(TM)
electronic licensing technology, the recognized de facto standard for
license management.
The combined companies' product offerings will include a broad
range of Digital Rights Management technologies, including persistent
copy protection and a wide variety of value added features such as try
and buy, try and die, electronic licensing, network licensing,
pay-per-use and electronic software billing. These solutions,
currently being provided separately by Macrovision and GLOBEtrotter,
are being used today for both B2C and B2B applications across the
entire spectrum of software vendors, including entertainment,
consumer, vertical market, enterprise application, system management,
networking, and embedded systems. GLOBEtrotter has approximately 2,000
<48>software vendor customers worldwide including Cadence, Cisco Systems,
software vendor customers worldwide including Cadence, Cisco Systems,
Compaq Computer, Computer Associates, Compuware, Electronic Arts,
Ericcson, Havas, Hewlett Packard, Intel, Lucent, Mattel, Mentor
Graphics, Microsoft, Motorola, Parametric Technology Corporation
(PTC), Qualcomm, Rational, Sun Microsystems, Sybase, Synopsys, and
Xerox. In addition, GLOBEtrotter's enterprise customers for its
software asset management solutions include Abbott Laboratories,
British Petroleum, Caterpillar, Credit Suisse, DreamWorks SKG, Eastman
Kodak, Electronic Data Systems, Ford Motor Company, IBM, Intel, Lehman
Brothers, Lockheed-Martin, Loral, Navistar, NASA, TRW, and the U.S.
Air Force.
"We're pleased to have reached this critical milestone in our
acquisition of GLOBEtrotter Software," said John Ryan, Chairman and
CEO of Macrovision. "The due diligence process has confirmed our
conclusion that this acquisition is both a timely and an appropriate
one that should open up substantial new growth opportunities for
Macrovision. In addition, our close interaction with the management
and staff of Globetrotter over the past two months has confirmed the
complementary nature of our business philosophies, vision, management
teams, products and strategic partnerships. Now we can begin to focus
on generating maximum value from the merged companies."
"We look forward to working with Macrovision to address the wide
<70>range of worldwide opportunities that will be available to the
range of worldwide opportunities that will be available to the
combined company," said Matt Christiano, Founder and President/CEO of
GLOBEtrotter. "As the market for electronic license delivery and
management solutions continues to grow, we will have available a world
class product line, engineering organization, and management team to
ensure that GLOBEtrotter and Macrovision remain at the forefront of
this most exciting transformation."
About GLOBEtrotter
GLOBEtrotter Software, Inc., of San Jose, produces the world's
leading products for software vendors to electronically license their
software and software asset management tools for large software
customers. For more information on GLOBEtrotter and its products, see
globetrotter.com.
About Macrovision
Macrovision Corporation develops and markets technologies to
prevent the unauthorized duplication, reception or use of video and
audio programs and computer software. Macrovision provides its
products and services primarily to the home video, consumer multimedia
software, pay-per-view, cable, satellite, and video security markets.
Macrovision has its headquarters in Sunnyvale with subsidiaries in
London and Tokyo. For more information on Macrovision and its
products, see macrovision.com.
All statements contained herein, including oral statements that
<98>may be made by Macrovision or by officers, directors or employees of
may be made by Macrovision or by officers, directors or employees of
the Company acting on the Company's behalf, that are not statements of
historical fact, including statements that use the words "believes,"
"anticipates," "estimates," "expects" or "intends" or similar words
that describe Macrovision's or management's future plans, objectives,
or goals, are "forward-looking statements" and are made pursuant to
the Safe-Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include statements
regarding the completion and financial effects of the expected
acquisition of GLOBEtrotter, the business strategies and product plans
of both companies, the advantages of the acquisition for both
companies, the features and benefits of the products of both
companies, and the cooperative efforts to be undertaken by both
companies.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause the actual results of
the Company to be materially different from historical results and/or
from any future results or outcomes expressed or implied by such
forward-looking statements. Among the important factors that could
cause results to differ materially are the following: the inability of
Macrovision to obtain stockholder and regulatory approvals of the
<119>transaction; the possibility that the transaction cannot be completed;
transaction; the possibility that the transaction cannot be completed;
the ability of Macrovision to integrate the operations and
administration of the companies effectively and efficiently; the
ability of the companies to achieve operational and other business
synergies; the risks associated with the integration of geographically
dispersed operations; the effect of the acquisition on the suppliers,
customers and other business partners of the companies; and the costs
associated with integration. Other factors include those outlined in
the Company's Annual Report on Form 10-K for 1999, its Quarterly
Reports on Form 10-Q, and its Form 8-K with respect to this
transaction, all as filed with the Securities and Exchange Commission.
These factors may not constitute all factors that could cause actual
results to differ materially from those discussed in any
forward-looking statement. Macrovision and GLOBEtrotter operate in a
continually changing business environment and new factors emerge from
time to time. Macrovision cannot predict such factors nor can it
assess the impact, if any, of such factors on Macrovision or its
results. Accordingly, forward-looking statements should not be relied
upon as a prediction of actual results. Macrovision is not obligated
to revise or update any forward-looking statements in order to reflet
events or circumstances that may arise after the date of this release.
Note to Editors: Additional background information on Macrovision
Corporation can be obtained from our Web Site at www.macrovision.com.
--30--mr/sf*
CONTACT: Macrovision Corporation, Sunnyvale
Mark Belinsky, 408/743-8600
mbelinsky@macrovision.com
or
Globetrotter Software, Inc., San Jose
Matt Christiano, 408/445-8100
matt@globes.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS ENTERTAINMENT SOFTWARE
MOTION PICTURES ELECTRONIC GAMES/MULTIMEDIA MERGERS/ACQ
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