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Technology Stocks : Quarterdeck: Making a Striking Comeback! -- Ignore unavailable to you. Want to Upgrade?

To: dwight vickers who wrote (1632)	10/22/1997 10:18:00 AM
From: Jesse Livermore	Respond to of 3307

I will check my archives but I believe Lane has been around for a spell. I think he is an attorney. QUARTERDECK ANNOUNCES RESIGNATION OF ITS CEO, APPOINTMENT OF INTERIM OFFICE OF THE PRESIDENT, ADDS WILLIAM LANE TO BOARD MARINA DEL REY, Calif., August 27 - Quarterdeck Corporation [Nasdaq;QDEK] announced today that Gaston Bastiaens has resigned as the Chief Executive Officer of the Company to pursue other business opportunities. He will continue as a director and consultant to the Company. The Company will be managed by a newly created temporary Office of the President consisting of King R. Lee and Anatoly Tikhman. Mr. Lee, a member of the board and Chief Executive Officer of Wynd Communications Corporation, served as interim CEO and COO of Quarterdeck from July 1994 to January 1995. Mr. Tikhman, who currently is a Senior Vice President of the Company and head of its Utilities Business Unit, was president and Chief Executive Officer of Vertisoft prior to its recent acquisition by Quarterdeck. Additions to the Office of the President are also expected. The Board has retained an executive search firm to seek a new permanent CEO. Additionally, Quarterdeck announced the election of William Lane, former Chief Financial Officer of Intuit Corporation, to the Board of Directors. "Bill brings tremendous experience in finance, operations and integration of acquisitions to the Board, and we are extremely pleased that he is joining us," said Frank LaHaye, Chairman of the Quarterdeck Board of Directors. "We appreciate the efforts of Gaston who has grown the company from a $27 million one-product operation to a more than $140 million multi-faceted utilities and Internet company," said Frank LaHaye. "He has fashioned a strong direct mail and telemarketing presence to complement existing retail channels and significantly increased our international presence," said Director Howard Morgan. "With a strong line of new desktop utility products in the market this fall, the expected introduction of its 32-bit Procomm Communication program and a new generation of Internet products, I believe Quarterdeck is well positioned to play a key role in the desktop computer software and the Internet markets," said Gaston Bastiaens. "The challenge for the interim management is to effectively integrate and operate the companies we have acquired so that Quarterdeck can continue its growth and return to strong profitability," said King Lee. I was close........