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Technology Stocks : The Learning Company (TLC) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas C. Donald who wrote (5641)	9/8/1998 4:27:00 PM
From: Maya	Read Replies (1) \| Respond to of 6318

Thomas, Do you know what the agreement between Micrograpx and CD was: Micrografx Inc. Announces Total Focus on Enterprise Products with Assignment of Consumer Software Titles Agreement Represents the Company's Exit From Consumer Marketplace RICHARDSON, Texas--(BUSINESS WIRE)--Sept. 8, 1998--Micrografx Inc. (NASDAQ:MGXI - news), a global leader in corporate graphics, process management and network design software, today announced the Company's exit from the consumer marketplace with the assignment of its rights to the award-winning American Greetings(R) (NYSE:AG - news) CreataCard(R) Gold and CreataCard(R) Plus. Software titles were assigned to Massachusetts-based The Learning Company(R) Inc. (NYSE:TLC - news). Effective immediately, the assignment of rights to The Learning Company concludes all contractual responsibilities and settles all contractual issues between Micrografx and American Greetings. It does not represent any material impact to Micrografx beyond the value previously reported in the agreements between Micrografx and Cendant Software. Douglas Richard, president and CEO of Micrografx, said, ''Micrografx has been striving to achieve total focus on our three target categories: corporate graphics, process management and network design. We have finally achieved this goal. This assignment is evidence that Micrografx will continue to leverage our strong technology by partnering with organizations to maximize the distribution of our intellectual property, improve delivery and accelerate our overall market position.'' Micrografx Inc. is recognized as a global graphics software leader, focused on three business categories: corporate graphics, process management and network design. Award-winning software is available in as many as 10 languages, serving a worldwide audience. Organizations around the globe have standardized their operations on Micrografx EnterpriseCharter(tm), Micrografx FlowCharter(R), Micrografx Graphics Suite(tm), Micrografx ISOCharter(tm), Micrografx NetworkCharter(tm), Simply3D(tm), Optima(R), Webtricity(tm), Designer(tm) and Picture Publisher(R). Celebrating its sixteenth anniversary, Micrografx has its U.S. headquarters in Richardson, Texas, several U.S. development offices, seven international subsidiaries and four international representative agent offices. For more information about Micrografx's powerful and intelligent graphics software, contact 800/733-3729 or visit www.micrografx.com. About the Micrografx Chili for Children(tm) Cook-Off For more information about the Micrografx Chili for Children(tm) Cook-Off, the technology industry's premier fund-raising event benefiting the National Center for Missing and Exploited Children, visit www.micrografx.com/chili. -------------------------------------------------------------------------------- Contact: Micrografx Inc., Richardson Aline Parrish, 972/994-6525 alinep@micrografx.com -------------------------------------------------------------------------------- biz.yahoo.com