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Technology Stocks : IMON - Quoted from Barron's Corporate Reports -- Ignore unavailable to you. Want to Upgrade?


To: RockiReid who wrote (2008)2/10/1999 6:58:00 PM
From: Jeff  Respond to of 2220
 
Repost from Yahoo board, messages.yahoo.com@m2.yahoo.com

IMAGINON TO ACQUIRE RETAILER DEAD CAT INC.

Schwartz Says Merger Will Allow ImaginOn to Demonstrate Its Not-Yet-Obsolete Stuff-Selling Technology

SAN CARLOS, Calif.--(BULLSH*T WIRE)--Feb. 32, 1999-- ImaginOn, Inc. today announced that it has signed a definitive agreement to acquire DeadCat Inc., a leading catalog retailer of deceased felines.

President & Chief Executive Officer David Schwartz, increasingly frustrated that no retailers have expressed interest in using the company's sellONstream e-commerce technology, explained that the merger was part of the company's strategy to "spend other people's money to show those stupid people out there how great my technology is." The company has previously purchased an internet service provider because "it's the only damn thing we can do when nobody wants our revolutionary technology."

"Look," said Schwartz, "it's like this. If some lame brain teacher won't put your kid in the school play, what do you do? Say the kid is no good? Hell no! You buy a theater and put on your own damn play! Pay people to see it if you got to! Worked for Aaron Spelling and his ugly little daughter." Schwartz exlained that Dead Cat sells "something, cats or something, whatever," and this would permit the company to "make CD catalogs that the whole world wants, except those stupid retailers don't know it yet. But as soon as people see this nifty catalog, everybody will rush to buy dead cats. Then everybody will be sorry that they turned me down."

When asked why consumers would prefer a cumbersome CD-based catalog interface in this era of rapidly increasing bandwidth and easy internet retail access, Schwartz cursed and called increasing bandwidth "an absolutely insane rumor." When asked how the company would continue to finance itself as a going concern, Schwartz stated that "some guy" just bought a copy of ImaginOn's WebZinger the day before, which allowed the entire staff to go to Denny's for breakfast. Pressed further, Schwartz blurted, "Ask Fong" and ran from the room. Former skateboard magnate and finance wizard Henry Fong could not be reached aboard his new yacht near Tahiti, but his laugher reportedly can be heard echoing around the financial world.