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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (745)	12/23/1997 12:46:00 AM
From: lostmymoney	Read Replies (2) \| Respond to of 2377

Some more of your thunder Ken, management says it will not dilute shares for aquisitions. TELE announced that it is acquiring 63% of Long Island based U.S. Computer Group Inc. for $1 million in cash and a $1.5 million loan. The company's services include system maintenance for Digital, IBM Midrange, Sun and leading brand PCs, new and used equipment sales, network integration and design services, and support services such as disaster recovery and business relocation. U.S. Computer Group, which has placed on the INC. 500 list of the nation's fastest-growing privately held companies for five consecutive years, has annual revenues in excess $25 million and is profitable. According to TELE, the liquidation value of this company is $5 million and the acquisition will immediately add approximately $1 per share in shareholder equity. Wish I could stay home!!! Mike