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

To: Jesse Livermore who wrote (1682)	10/29/1997 1:22:00 PM
From: Jesse Livermore	Respond to of 3307

Adam, for your perusal... NEW YORK, NY, June 17, 1996 -- at PC Expo --- Quarterdeck Corp. (Nasdaq: QDEK) today announced an agreement in principle to acquire the remaining shares of Limbex Corporation , developer of the award-winning WebCompass product line, for approximately $16 million in common stock. Quarterdeck already owns approximately 20% of the equity in Limbex. The acquisition is subject to certain conditions to closing, but is expected to close in July. The newly-formed Information Management business unit will be made up of the Limbex team and core developers from Quarterdeck. Their focus will be to extend future versions of WebCompass by adding new, sophisticated intelligent agent technology. This cutting-edge intranet technology is designed not only to find but also extract specific answers to questions from Web pages, Newsgroups, bulletin boards, search engines, internal databases, and intranets in ways currently not available from any other source. "It's clear that the real business opportunities that are emerging on the Internet and within intranets will rely on many of the core technologies that we have amassed in the last eight months," said Gaston Bastiaens, President and CEO of Quarterdeck. "With the technology leadership we are establishing, Quarterdeck is well-positioned to provide ease-of-use solutions for the Internet and intranet markets." "Being part of the Internet division at Quarterdeck will enable us to accelerate the delivery of our powerful information management solutions," said Alexander Jacobson, President and co-founder of Limbex. "Additionally, Quarterdeck's strong marketing and distribution backbone will ensure faster and broader international distribution.." Recently, all of the Internet activities were consolidated into one Internet division, headed by Koen Bouwers. This division is divided into three business units: Information Management, Communication, and Web-Enabling. The newly-formed Information Management business unit will be headed, after the finalization of the acquisition, by Alex Jacobson. He is selling 14,500 shares, hmmm I guess he wants to take the others as a tax loss by letting them go to zero. Great plan! Way to go Adam!