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Technology Stocks : Spectrum Signal Processing (SSPI) -- Ignore unavailable to you. Want to Upgrade?

To: nord who wrote (2160)	1/18/1999 10:25:00 AM
From: Danny Hayden	Respond to of 4400

Nord, I'm not sure how many have the Kodak dig. system but here are some numbers i found. Walgreen Co. Announces New Market Entries at Annual Meeting DEERFIELD, Ill., Jan. 14 - Walgreen Co. announced yesterday at its annual meeting it will enter four new major markets in 2000 and eight smaller markets beginning this year. CEO L. Daniel Jorndt said major market entries in 2000 will include Southern California (including the greater Los Angeles market, San Diego, San Bernardino and Palm Springs), Atlanta, Baltimore and Salt Lake City. Smaller market entries in 1999 include Boise, Idaho; Charleston and Hilton Head, S.C.; Mobile, Ala.; Reno, Nev.; and Roanoke, Va. Amarillo, Texas and Fayetteville, Ark. will see their first Walgreens in the first half of 2000. "These new markets will keep us on track for opening more than a store a day over the next two years and operating a total of 6,000 stores by 2010," Jorndt said. Walgreen Co. currently operates 2,625 stores in 36 states and Puerto Rico. In Los Angeles, Orange and Riverside counties, Calif., Walgreens operates 41 pharmacy-only stores. These stores will be replaced by full-size, 15,000-square-foot Walgreens drugstores. Walgreens opened its first Southern California pharmacy-only store in 1994. "We'll build on the reputation created by these smaller stores," Jorndt said. "We plan to relocate or convert these stores to full-size drugstores where possible." In Atlanta, Baltimore and Salt Lake City, new locations will open in 2000 as the stores are completed. Walgreens will continue opening stores for several years to come as it fills out each market. "It takes time to make inroads in new markets, but our stores do take hold," Jorndt said. "Since 1992 we've entered 43 new markets, and we learn a little more with each one. We expect these markets will be very successful." Walgreens stores in all the new markets will include the latest customer conveniences, including drive-thru pharmacy (which Walgreens pioneered in the chain drugstore industry in 1991), one-hour photofinishing service, prescription refill orders via touch tone phone or the Internet, automatic prescription refill service and 24-hour shopping and pharmacy service at select locations. Walgreen Co. is the nation's largest drugstore chain with fiscal 1998 sales of $15.3 billion. Nearly half of the company's 2,625 stores include drive-thru pharmacies, and more than 500 are open 24 hours. The company has recorded 24 consecutive years of record sales and earnings, and yesterday it announced its seventh stock split since 1982. For More Information: General inquiries, please use our Contact Us page. Members of the press can contact Walgreens Corporate Communications department during business hours: 8:00 AM to 4:30 PM CST Michael Polzin, Manager of Media Relations (847) 914-2925 Laurie L. Meyer, Director of Corporate Communications (847) 914-2920 Yvette Anne Venable, Communications Specialist (847) 914-2923

To: nord who wrote (2160)	1/19/1999 11:44:00 PM
From: trypod	Read Replies (2) \| Respond to of 4400

News: Spectrum Signal Processing Inc SSY Shares issued 10,247,092 1999-01-18 close $5.8 Monday Jan 18 1999 SEC TAB MOUNTS by Brent Mudry Spectrum Signal Processing has filed suit for $255,400 and unspecified other damages stemming from its $8-million purchase last spring of Alex Computer Systems of Ithaca, New York, a wholly owned subsidiary of Alex Informatics of Montreal. In a statement of claim filed Friday in the Supreme Court of British Columbia, Spectrum names 91594 Delaware, formerly known as Alex Computer Systems, and Alex Informatics. Spectrum claims that under a Mar. 20, 1998, asset purchase agreement, it agreed to buy Alex Computer for $7-million in Spectrum shares, $961,000 cash and $200,000 worth of warrants to buy Spectrum shares. Under the agreement, Spectrum agreed to file a registration statement with the United States Securities and Exchange Commission regarding the shares and warrants, and pay a maximum of $19,000 for the related legal and accounting costs. Lawyer Nigel Kent of Clark Wilson notes that Spectrum filed the registration statement with the SEC on June 30, 1998. "Since that date, Spectrum has incurred and continues to incur substantial legal and accounting fees in respect of the SEC dealings with the registration statement," states the lawyer. The suit notes the excess SEC-related tab reached $200,209 by Oct. 31, 1998, but the defendants have failed to reimburse the amount. In the two months ended Dec. 31, 1998, Spectrum faced further bills of $32,105 from KPMG for accounting fees, and $15,000 (U.S.) from Fulbright & Jaworski for legal fees. The suit reveals the SEC review is not yet complete. "The dealings with the SEC respecting the registration statement are ongoing and additional accounting and legal fees will continue to be incurred," states Mr. Kent. The suit also cites the defendants for alleged undisclosed stock options. Spectrum claims that in the purchase agreement, no stock option commitments were made. The suit notes that Spectrum later found out that the defendants initially promised to pay cash to their employees for the stock options, then promised to pay by assigning some of the Spectrum share purchase warrants. Spectrum claims the employees, all of whom it hired, are discontent because the defendants have yet to honour the payment deals. The third problem in the suit relates to royalty agreements with RPA Electronics Design LLC. Spectrum notes that during its due diligence, it found out that some of Alex's intellectual property had been developed by and was owned by RPA, and Alex subsquently agreed to pay RPA all royalties owing. The suit claims Alex reneged on paying the RPA royalties. Spectrum claims it had no idea that Spectrum initially promised to pay cash to RPA, and later promised to pay the royalties by assigning some of the Spectrum share purchase warrants to RPA. Statements of defence have not yet been filed. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com Later:Rick