Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Global Games Corporation is on the move (GLOW) -- Ignore unavailable to you. Want to Upgrade?

To: Double Dipper who wrote (356)	3/20/1998 7:24:00 PM
From: Dave Lee	Respond to of 720

Hello everyone,found this tidbit in the San Jose Mercury. CyberCash to acquire ICVerify of Oakland CyberCash Inc. of Reston,Va. agreed to buy Oakland-based ICVerify Inc.,which makes software for payment over the internet, for 57.1 million in cash and stock to prepare for expected rapid growth of internet commerce.CyberCashwill pay ICVerify shareholders 16 million in cash and 2.3 million shares of CyberCash common stock. The stock portion of the price is valued at 41.1 million based on tuesday,s closing share price of 17.88.The acquisition broadens CyberCash's business that allows secure credit card transaction and other financial services over the internet.Closely held ICVerify makes software that authorizes credit-card,debit-card and check transactions and other types of payment for retailers. P.S. I don't Know exactly how close this is to WolfKey Inc. but the key words are,rapid growth of internet commerce. .50eps IM IN.

To: Double Dipper who wrote (356)	3/20/1998 8:39:00 PM
From: CO	Read Replies (1) \| Respond to of 720

Kevin, I don't think there is really much additional information that I can add to Brad's overview. I am continuing to research GLOW. If I come up with any additional information, I will let you know. The projected earnings of .50 eps for 1998, came from the company. It was also mentioned in a previous press release. Here is an excerpt from their Nov 17, 1997 press release: ------------------------------------------- Global Communications provides commercial Internet services, third party credit card processing, and Internet entertainment with bingo and lotto games. With the expansion of itsnon-U.S. bingo and lotto wagering and expanded Internet commercial village strategy, Global anticipates $100 million in revenue and over $.50 per share in earnings in 1998. --------------------------------------------- The company has indeed made some changes. However, they remain confidant they can meet their eps projections for 1998. Cheryl