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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?


To: steve who wrote (12427)2/10/1999 11:14:00 AM
From: brad greene  Respond to of 26039
 
steve,

IDX will close this in the 4th quarter....so that they can lump a big charge into an already poor year....get it put behind them.

Looks like I will have my wish....say goodbye to the 700 PE.

30 cent charge?.......

The net loss set
forth below does not include in-process research and development costs in the
amount of $10,044,000 which will be written off immediately after the
transaction is completed.

bg

ps. Congratulations to the specialist for handling the flood of Commission "screaming buy recommendation" related activity!




To: steve who wrote (12427)2/10/1999 1:44:00 PM
From: R. Jaynes  Read Replies (1) | Respond to of 26039
 
All,

From the S-4A -

"The merger cannot be completed unless IDT stockholders approve it.
Stockholder approval of the merger is assured because Identix has received the agreement of persons holding at least a majority of IDT common stock to vote their IDT shares in favor of the merger."

and

"Furthermore, Identix will enter into employment agreements and noncompetition agreements with Mr. Pieper, Mr. Evans, Mr. Khidekel, and Mr. Shapiro. In connection with the employment agreements, each of those officers will receive an option to purchase 100,000 shares of Identix common stock at an exercise price equal to the closing price of the Identix common stock on AMEX on the closing date of the merger."

Rick