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Technology Stocks : INVX Innovex Comdex Winner !! -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (2830)	1/19/1999 5:20:00 PM
From: Ram Seetharaman	Respond to of 3029

Got the same from PR wire. Tuesday January 19, 4:26 pm Eastern Time Company Press Release SOURCE: Innovex, Inc. Innovex Announces Settlement With Curtin HOPKINS, Minn., Jan. 19 /PRNewswire/ -- Innovex, Inc. (Nasdaq: INVX - news) today announced it has reached an agreement to settle all aspects of its dispute with Mary E. Curtin, a former senior management official and member of the Company's board of directors. The dispute, as disclosed in Innovex's 1999 proxy statement, outlines various claims Ms. Curtin had threatened to assert against the Company and certain of its principles. The parties have provided each other with a full and complete release with respect to Ms. Curtin's threatened claims. In exchange for her release, the Company will make a cash payment to Ms. Curtin in the amount of $750,000. Ms. Curtin has resigned as a member of Innovex's board of directors and has withdrawn her name as a nominee for election to the board at the upcoming January 20, 1999 shareholders' meeting. Apart from this disclosure, the parties have agreed that all terms and conditions of their settlement shall remain confidential. Innovex also announces that Robert Miller has withdrawn his nomination for election to the Innovex board at the upcoming January 20, 1999 shareholders' meeting. The board, at its January 20, 1999 quarterly meeting, will establish a nominating committee for the purpose of finding qualified nominees to fill the board seats vacated by the withdrawals of Ms. Curtin's and Mr. Miller's nominations. The search will be focused on candidates with proven leadership ability in technology and manufacturing and, if available, industry-specific expertise. Innovex is a diversified manufacturer of electrical components for the computer, medical and telecommunication markets, as well as a developer of computer software. Innovex is known worldwide for its excellence in advanced engineering and low cost manufacturing. Except for historical information contained herein, the matters discussed in this release are forward looking statements that involve risks and uncertainties, including the timely availability and acceptance of new products, the impact of competitive products and pricing, and other risks detailed from time to time in the Company's SEC reports, including the report on Form 10K for the year ended September 30, 1998, Form 10Q for the quarter ended December 31, 1998, and other Securities and Exchange Commission filings. SOURCE: Innovex, Inc. --------------------------------------------------------------------------------

To: Douglas V. Fant who wrote (2830)	1/19/1999 5:31:00 PM
From: Mark Oliver	Read Replies (2) \| Respond to of 3029

Doesn't seem so good to me. I guess they'll hide the loss of $750,000 with a one time charge, but it's still a lot of money and shows they feel they did wrong. Also, they had a board candidate withdraw which again shows some discontent. I haven't bothered to follow the details of the whole thing, but just reading the e-mail Innovex sent me this morning left me thinking it was not a good development. Maybe it's resolved, but not favorably. Regards, Mark