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Technology Stocks : CyberCash a buy? -- Ignore unavailable to you. Want to Upgrade?


To: Jim Fraser who wrote (3948)1/9/2001 4:51:48 PM
From: TLindt  Respond to of 3990
 
>>>Melton resigns from BOD. Now what?

I don't know, looking at the Proposed merger agreement 3 CYCH directors were in place on the merged board. Melton and Lynch were two of them. So now their are 2. Wonder who the replacement would be? That is the question.

"Composition of the Board of Directors of CyberCash following the Merger

CyberCash has agreed to reconstitute its board of directors as of the effective time of the merger to include William N. Melton, Daniel C. Lynch and Michael Rothschild from CyberCash; and William G. Wade, Kim D. Cooke, Henry R.
Nichols and Jacob Rosenthal from Network 1.

sec.gov



To: Jim Fraser who wrote (3948)1/9/2001 11:09:11 PM
From: Jaime Leiderman  Read Replies (1) | Respond to of 3990
 
From todays PR

...The Reston, Va.-based company also said founder Daniel Lynch, currently interim chief executive, had been appointed chairman, replacing William Melton, who resigned. Lynch previously served as chairman of CyberCash until January 1999...

...Additional details on the management change were not immediately available.

Looks to me that Cybercash didn't want to make a BIG issue on Melton's departure.
The stock gained some ground today, even with this kind of news...

So, IMHO Melton is not as street friendly as some of us thought at one point.
The Internet Pioneer crap is over, as i said on a previous post.