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.

Technology Stocks : 7th Level -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan Brown who wrote (702)	4/22/1998 9:25:00 AM
From: kevin404	Respond to of 1019

SEVL on CNBC I was just sent this about 10 minutes ago, and did not witness it. Please take it as such... >Joe Kernan just did a spot on SEVL. The CEO of SEVL just announced that >SEVL >would not be merging with some company named Pulse Tech. Evidently now >that the stock is $9/sh they don't need to merge with another $1/sh company >to raise >funds. Kernan was shocked at the markup in the stock in one day.

To: Jonathan Brown who wrote (702)	4/22/1998 9:28:00 AM
From: Kimberly Lee	Read Replies (1) \| Respond to of 1019

Excellent news announced this morning. Jonathan, you beat me to it. newsalert.com Highlights: SEVL announced that the Company and privately-held Pulse Entertainment, Inc. of Los Angeles have decided not to proceed with their proposed merger. Separately, 7th Level announced it has obtained commitments for a $4.5 million bridge loan and a $10 million private placement to finance the ramp up and rollout of 7th Level's revolutionary new line of technology products. We have raised the funds called for by our business plan and our existing shareholders will experience substantially less dilution than they would have had the merger and related financing been completed." The unique approach underlying the technology is destined to make 7th Level's tools the standard for preparing and delivering interactive animation. With our low fixed cost, enabled by a 90% reduction in staff over the past several months, and control of a developing standard, for which we see substantial demand, we now are confident that 7th Level is on the cusp of establishing a very profitable and sustainable business."