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Technology Stocks : VTEL: Anyone else follow this? -- Ignore unavailable to you. Want to Upgrade?

To: lizard lick who wrote (1211)	11/10/2000 2:01:29 AM
From: lakeswim	Read Replies (1) \| Respond to of 1214

Vtel had another round of layoffs on 11/8 they wiped out almost everyone from the southwest sales region and calf. sales. They also eliminated the health care market, and their new healthcare platform that they showed in several shows called Radar. The plans for outsourcing of manufacturing to save costs has also hit the rocks.

To: lizard lick who wrote (1211)	11/17/2000 3:20:49 PM
From: Lane Weatherly	Respond to of 1214

Thanks to Rod on Yahoo Board.... WASHINGTON -(Dow Jones)- A group led by Marathon Fund LP reported a 5.1% stake in VTEL Corp. (VTEL) and said it has had discussions with the company's management concerning ways to increase shareholder value. In a filing Friday with the Securities and Exchange Commission, the group displayed a letter sent to VTEL's board of directors on Nov. 9 which called for aggressive action by the company to increase shareholder value. In the letter, Marathon said the company's board should begin a program to repurchase about 10 million of its shares, initiate a sale of the hardware portion of its business and expand its board or replace the board's current members. "The board as presently constituted has proven itself to be incapable of adding shareholder value," Marathon said in the letter. If VTEL doesn't initiate these actions, Marathon said the company should begin an orderly liquidation process to return cash to shareholders. Marathon said it has "run out of patience" with VTEL's board after waiting for years for some meaningful action to increase shareholder value. The group requested a response by Nov. 20. Marathon Fund said it beneficially holds 1.3 million common shares