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Technology Stocks : TTRE: TTR Technologies, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: afrayem onigwecher who wrote (73)12/23/2002 7:15:56 PM
From: StockDung  Read Replies (1) | Respond to of 120
 
8. What are some of the reasons that TTR’s Board is in favor of the asset sale to Macrovision?



TTR’s Board is in favor of the asset sale to Macrovision principally for the following reasons:



· TTR will no longer be exposed to continuing losses associated with its research and development relating to its copy-protection business.

· The lack of a currently active market in the music industry for copy protection technologies and the uncertain commercial prospects in continuing the Business.

· Avoidance of a costly legal battle and the risk incipient in arbitrating the Company’s potential claims under the agreement with Macrovision, the outcome of which is uncertain.

· The Company’s lack of capital resources, the difficulty in raising additional capital for the Business and the potentially significant dilution shareholders would experience if the Company were to complete a capital raise.

· To afford TTR the capital resources to consider other opportunities with greater prospects for rapid growth and revenues.



To: afrayem onigwecher who wrote (73)12/23/2002 7:18:13 PM
From: StockDung  Respond to of 120
 
THEY MUST HAVE THROWN IN THIS ONE:"To afford TTR the capital resources to consider other opportunities with greater prospects for rapid growth and revenues."

ER, AH YIPPY RAPID GROWTH AND REVENUES. YEEHA



To: afrayem onigwecher who wrote (73)12/23/2002 9:14:15 PM
From: Sir Auric Goldfinger  Read Replies (4) | Respond to of 120
 
How odd, only an Itztak stock would do this: "What is the value of the proposed transaction?

A:The value of the proposed
transaction is $5.25 million in
cash, subject to down-ward
adjustment, as discussed below,
and the return of 1,880,937 TTR
shares to the Company.