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Technology Stocks : SI Diamond Technology (SIDT) -- Ignore unavailable to you. Want to Upgrade?


To: Redman who wrote (113)1/16/1998 2:11:00 PM
From: Redman  Read Replies (2) | Respond to of 623
 
And now a response from Trey in the IR department :

I hope you will accept my apoligies for the tardiness of these reponses. I
recieved your first email on 1/7/98. I will not bore you with the reasons for
the delay but can assure you they were valid.

1. SIDT is a fully functional company with several marketable products.
Currently, there is no analyst following the company.

2. The majority owners of the series E and F preferred shares are indeed
investment funds or high net worth individuals. The names of which I would be
more than happy to provide to you via the most current S3 filling dated
10/28/97. If you would like a copy, please forward your mailing address to
me. It was at the Company's option to redeem the preferred shares for cash in
December.

3. With regard to annual compensation. According to the Form 10-KSB/A filed
by the company for the year 1996, Page 43 (SUMMARY COMPENSATION TABLE)
Marc W. Eller $51,932.00 salary; $15,000.00 Bonus; $9,005.00 Other; 90,000
Options granted*
Zvi Yaniv $82,131.00 salary; $32,338 Other; 1,000,000 options
granted*
Trey Fecteau $107,061.00 salary**; $9,529.00 Other***; 90,000 options
granted*
*Options were granted at significantly higher strike prices and at this
point in time are of no value.
**This amount represents income for the entire year.
***Represents relocation and associated expenses.

I will also be more than happy to supply you with the 10K filing as well. I
hope this information is helpful. I only wish that I had made over $200k in
96. I am sure my ex-wife and banker would have liked that also. Alas, that
was not the case.
Thanks for your patience.

Trey Fecteau



To: Redman who wrote (113)2/10/1998 7:04:00 AM
From: rustyjack  Read Replies (2) | Respond to of 623
 
News..this looks like the reason they elected to pay cash rather than convert for shares.

SI Diamond's FEPET Subsidiary Announces Proprietary Technical Breakthrough

New Process Advances Flat Panel Display Prototyping

AUSTIN, Texas, Feb. 10 /PRNewswire/ -- SI Diamond Technology, Inc.
(Nasdaq: SIDT) announced today that its subsidiary, Field Emission Picture
Element Technology, Inc. ("FEPET"), has achieved a major breakthrough with the
development of its process to pattern carbon films using normal
microelectronic processes without obstructing the electron emission qualities
of these films. This proprietary technical breakthrough will allow the
manufacturing of flat panel displays using carbon film as the cathode
emitters. The patterning will be particularly useful in the triode mode that
is necessary for matrix-addressed displays. This is the first time that
carbon film has been patterned with such great success and without obstructing
its electronic emission properties.
FEPET will use this breakthrough to further its field emission technology
projects for large screen display applications, which include the company's
collaborative efforts with ISE Electronics and Noritake Co., Inc.
"This is the result I was hoping for when I initially invested in this
company," said Marc W. Eller, chairman and chief executive officer of SI
Diamond. "The outstanding efforts and contributions of our dedicated
technical and scientific team are finally coming to fruition."
"This is a wonderful technological breakthrough," said Zvi Yaniv,
president and chief operating officer of the company. "Combining our high
quality carbon films having emission site density of over 250,000/cm2 with
this new process will allow us to further advance in prototyping various flat
panel displays utilizing our proprietary technology. Our team is working
beautifully in overcoming the barriers to developing successful field emission
devices."
SI Diamond Technology is a holding company consisting of three wholly
owned subsidiaries. SIDT's Diamond Tech One subsidiary provides wafer bumping
and other micro-interconnect services for the semi-conductor and display
industries. The Field Emission Picture Element Technology subsidiary is
developing products for applications utilizing SIDT's proprietary field
emission technology. The Electronic Billboard Technology subsidiary is geared
toward the commercialization of SIDT's digitized sign technology.

SOURCE SI Diamond Technology, Inc.

CONTACT: Sara Breuer, Corporate Communications Manager of SI
Diamond Technology, Inc., 512-250-2702; or Media & Investor
Relations: Jo Bandy, Vice President, or Greg Facktor, Director,
both of Market Pathways, 714-955-1860