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 : Quarterdeck: Making a Striking Comeback! -- Ignore unavailable to you. Want to Upgrade?

To: Laura E. who wrote (3252)	10/16/1998 11:33:00 AM
From: CrazyTrain	Read Replies (1) \| Respond to of 3307

MARINA DEL REY, CALIF. (Oct. 16) BUSINESS WIRE -Oct. 16, 1998-- Quarterdeck Corp. (OTC:QDEK) Friday announced that after the close of market on Oct. 15, 1998, it received notification of Nasdaq's decision to delist the company's shares from the Nasdaq Stock Market effective Oct. 15, 1998 as a result of the failure of the company to meet certain listing requirements. The company had previously announced that it had been notified by Nasdaq that it was scheduled for delisting pending the outcome of a hearing that was held in August before the Nasdaq Listing Qualifications Panel. Shares of the company's common stock are expected to be eligible for trading on the OTC Bulletin Board. The company also announced yesterday that Symantec (Nasdaq:SYMC) will commence a cash tender offer early next week for all outstanding shares of Quarterdeck common stock at the net price of $0.52 per share pursuant to the terms of a definitive merger agreement between the company and Symantec. The purchase price is approximately $65 million including the assumption of Quarterdeck's outstanding debt. The boards of directors of both companies have approved this transaction. Completion of the tender offer is subject to certain conditions, including the tender of a majority of the Quarterdeck shares, receipt of necessary government approvals and the expiration of applicable waiting periods under the Hart-Scott-Rodino Act. About Quarterdeck Quarterdeck is a global leader in the development and marketing of PC helpware -- software designed to prevent and solve PC performance problems, especially those encountered in networked (Internet and intranet) environments. The company's goal is to make personal computing trouble-free for users and network administrators alike, while reducing the need for live technical support. Quarterdeck's current product line, which addresses storage management, system conflict resolution, virus protection, system updating, and enhanced access to networked information and communications resources, is marketed to both end-users and businesses via retail distribution, corporate resellers and OEMs, direct marketing channels, and the Internet. Quarterdeck's products are available in more than 14,000 outlets throughout the United States and Canada, as well as in more than 29 countries worldwide. Incorporated in 1982, Quarterdeck's worldwide headquarters are in Marina del Rey, with its European operations based in Dublin, Ireland. Further information may be obtained by calling 800/521-1963 toll-free or 303/306-2224, by accessing Quarterdeck's Web site at quarterdeck.com, or by sending e-mail requests to info@quarterdeck.com. Note to Editors: For more information on Quarterdeck and its products, view the Quarterdeck Press Center at quarterdeck.com. Quarterdeck is a registered trademarks of Quarterdeck Corporation. All other brands and products referenced herein are the trademarks or registered trademarks of their respective holders. -0- ECQ/la* WAM/la CONTACTS: Quarterdeck Corp., Marina del Rey King Lee, 310/309-3221 klee@quarterdeck.com Frank Greico, 310/309-4232 fgreico@quarterdeck.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *

To: Laura E. who wrote (3252)	10/16/1998 11:39:00 AM
From: CrazyTrain	Respond to of 3307

Here is the part I like... Quarterdeck is a global leader in the development and marketing of PC helpware -- software designed to prevent and solve PC performance problems, especially those encountered in networked (Internet and intranet) environments. The company's goal is to make personal computing trouble-free for users and network administrators alike, while reducing the need for live technical support. Quarterdeck's current product line, which addresses storage management, system conflict resolution, virus protection, system updating, and enhanced access to networked information and communications resources, is marketed to both end-users and businesses via retail distribution, corporate resellers and OEMs, direct marketing channels, and the Internet. Quarterdeck's products are available in more than 14,000 outlets throughout the United States and Canada, as well as in more than 29 countries worldwide. Incorporated in 1982, Quarterdeck's worldwide headquarters are in Marina del Rey, with its European operations based in Dublin, Ireland. BUT IT IS ONLY WORTH 52 CENTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!