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Technology Stocks : VerticalNet, Inc. [VERT] -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (1043)	1/1/2001 2:25:15 PM
From: puborectalis	Respond to of 1094

eHITEX Changes Name to Converge Acquisition of VerticalNet’s NECX subsidiary announced in separate release Cupertino, Calif., - Dec. 19, 2000 -- High-technology consortium eHITEX, Inc. today changed its name to Converge, Inc. In a simultaneous joint release with leading e-business enabler VerticalNet [NASDAQ: VERT], the company announced its acquisition of VerticalNet's NECX subsidiary. "We're proud to announce our new name, Converge," stated Bob Lewis, CEO of Converge. "The name expresses our intention to provide a platform for the high-technology industry to come together - to exchange goods and services in a high-liquidity marketplace, and to collaborate with partners to solve long-standing supply-chain problems." About Converge Converge (http://www.converge.com ) is the independent online marketplace where high-technology industry buyers and sellers connect, collaborate and transact to increase supply-chain efficiencies. Converge (formerly known as eHITEX) received $100 million in funding in June, 2000 from its founders: Agilent Technologies (NYSE: A), AMD (NYSE: AMD), Canon (NYSE: CAJ), Compaq (NYSE: CPQ), Gateway (NYSE: GTW), Hitachi (NYSE: HIT), Hewlett-Packard (NYSE: HWP), NEC (NASDAQ: NIPNY), Quantum (NYSE: DSS), Samsung Electronics (OTC: SSNIF), SCI Systems (NYSE: SCI), Solectron (NYSE: SLR), Synnex (privately held), Tatung (TAI: 2371.TW) and Western Digital (NYSE: WDC). For more information about Converge, please call (877) 693-5694 or (310) 231-6958 (outside US), or send inquiry via email to: info@converge.com