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Technology Stocks : NUKO INFORMATION SYSTEMS -- Ignore unavailable to you. Want to Upgrade?

To: KEN G who wrote (3193)	11/6/1997 5:13:00 PM
From: Steve Rafalo	Read Replies (1) \| Respond to of 3509

Does anyone have any idea when earnings will be out? I fear I'm asking for grim news even though I bought a little more today. SIR

To: KEN G who wrote (3193)	11/12/1997 11:08:00 AM
From: KEN G	Respond to of 3509

All: The text of the dekisting story: SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 12, 1997--NUKO Information Systems, Inc. today stated that ongoing efforts to obtain equity financing in order to meet equity requirements for National Market System quotation of its common stock on NASDAQ have not been consummated. NUKO's President and CEO, Bob Kondamoori said, "Based upon the June 30, 1997 10-Q/A filing, the Company did not meet the net worth requirements necessary to maintain its listing on the Nasdaq National Market. We have initiated several actions to meet the net worth requirements, but will not satisfy the requirement by the time NASDAQ conducts its hearing on the matter, scheduled for November 13. If the Company is delisted from the National Market System, trading of the company stock will be conducted on the OTC Bulletin Board or the "pink sheets," maintained by the National Quotation Bureau." The net worth of the company, as defined by NASD Rules, was impacted in Q2 with the reclassification of $4,112,837 of equity, when that amount of preferred stock was classified as "mezzanine" financing. This accounting treatment was necessitated by the redemption features and conversion ceiling on preferred stock. Additionally, continuing losses throughout 1997 have reduced shareholder equity. Kondamoori further stated: "To satisfy the listing requirements, NUKO initiated a proxy filing to remove the conversion ceiling, which would reclassify the mezzanine amount back to equity. Additionally, the company is continuing to seek additional equity financing and sales agreements which, in total, would be sufficient to meet the listing requirements. While these efforts continue, there is no assurance that they will be fruitful, and in any case, they will not be closed by the hearing date." NUKO Information Systems, Inc., headquartered in San Jose, CA, is a provider of technology which enables the end-to-end networking of broadcast quality video. NUKO's Intelligent Broadband Service Network (IBSN) solution uses open-systems, standards-based MPEG-2 methodology. These products enable users to digitally encode, compress, transmit, decode and store video signals for a complete range of applications including distance learning tele-medicine, broadcasting, conferencing, entertainment and authoring. KG