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.

Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: george eberting who wrote (12236)	12/7/1998 1:59:00 PM
From: AKAPAK	Read Replies (1) \| Respond to of 19331

George, Good observation, from the IXC release this morning: AUSTIN, Texas--(BUSINESS WIRE)--Dec. 7, 1998--IXC Communications, Inc. (Nasdaq:IIXC.O) today announced a transaction with DCI Telecommunications, Inc. (OTC BB:DCTC.O) involving DCI's taking management control of a significant customer of IXC which has defaulted in payments to IXC, and a 5-year commitment by DCI to utilize significant domestic and international telecommunications services from IXC. In the transaction, IXC will acquire approximately $16 million in DCI stock in exchange for approximately $18 million in amounts owed by the defaulting customer. In connection with the default, IXC estimates a one-time negative impact on the fourth quarter of approximately $14 million. The defaulting customer is the debit-card provider that prompted IXC to take certain reserves, as described in IXC's recent 10-Q and in a recent news release. Wonder who it can be that we own today?