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Technology Stocks : Insignia Solutions (INSG) -- Ignore unavailable to you. Want to Upgrade?


To: Luce Wildebeest who wrote (931)3/12/1999 11:28:00 AM
From: Bert Zed  Read Replies (1) | Respond to of 1606
 
Interesting, just had a flurry of small buys.

INSGY
NNAME T LAST CHG BID ASK SIZE LAST_VOL TIME HIGH LOW VOL E
INSGY -- -- 5 1/4 5 3/8 10x1 0 11:21 5 7/16 5 1/4 0 S
INSGY -- -- 5 5/16 5 3/8 50x1 0 11:21 5 7/16 5 1/4 0 S
INSGY -- -- 5 5/16 5 7/16 50x1 0 11:20 5 7/16 5 1/4 0 S
INSGY + 5 5/16 +1/16 -- -- 100 11:20 5 7/16 5 1/4 100 S
INSGY -- -- 5 1/4 5 7/16 10x1 0 11:20 5 7/16 5 1/4 0 S
INSGY + 5 5/16 +1/16 -- -- 400 11:19 5 7/16 5 1/4 400 S
INSGY + 5 5/16 +1/16 -- -- 1000 11:18 5 7/16 5 1/4 1000 S
INSGY + 5 5/16 +1/16 -- -- 100 11:16 5 7/16 5 1/4 100 S
INSGY + 5 5/16 +1/16 -- -- 100 11:16 5 7/16 5 1/4 100 S
INSGY + 5 5/16 +1/16 -- -- 500 11:16 5 7/16 5 1/4 500 S
INSGY + 5 5/16 +1/16 -- -- 500 11:15 5 7/16 5 1/4 500 S
INSGY + 5 5/16 +1/16 -- -- 100 11:13 5 7/16 5 1/4 100 S
INSGY + 5 7/16 +3/16 -- -- 500 11:13 5 7/16 5 1/4 500 S
INSGY + 5 7/16 +3/16 -- -- 500 11:13 5 7/16 5 1/4 500 S
INSGY + 5 5/16 +1/16 -- -- 500 11:13 5 7/16 5 1/4 500 S
INSGY + 5 1/4 -- -- -- 300 11:06 5 7/16 5 1/4 300 S
INSGY + 5 1/4 -- -- -- 200 11:05 5 7/16 5 1/4 200 S
INSGY -- -- 5 1/4 5 5/16 10x1 0 10:55 5 7/16 5 1/4 0 S
INSGY + 5 1/4 -- -- -- 200 10:53 5 7/16 5 1/4 200 S
INSGY -- -- 5 1/4 5 7/16 10x6 0 10:31 5 7/16 5 1/4 0 S
INSGY + 5 1/4 -- -- -- 200 10:16 5 7/16 5 1/4 200 S
INSGY -- -- 5 1/4 5 1/2 10x17 0 10:11 5 7/16 5 1/4 0 S
INSGY + 5 5/16 +1/16 -- -- 1100 10:10 5 7/16 5 1/4 1100 S
INSGY + 5 5/16 +1/16 -- -- 2500 10:09 5 7/16 5 1/4 2500 S
INSGY -- -- 5 1/4 5 7/16 5x10 0 10:08 5 7/16 5 1/4 0 S
INSGY + 5 1/4 -- -- -- 500 10:08 5 7/16 5 1/4 500 S
INSGY -- -- 5 1/4 5 5/16 5x5 0 10:06 5 7/16 5 1/4 0 S
INSGY -- -- 5 1/4 5 7/16 5x10 0 10:05 5 7/16 5 1/4 0 S
INSGY + 5 1/4 -- -- -- 500 10:05 5 7/16 5 1/4 500 S
INSGY -- -- 5 1/4 5 3/8 5x5 0 9:40 5 7/16 5 1/4 0 S
INSGY -- -- 5 1/4 5 7/16 5x10 0 9:35 5 7/16 5 1/4 0 S
INSGY + 5 3/8 +1/8 -- -- 400 9:35 5 7/16 5 1/4 400 S
INSGY -- -- 5 1/4 5 3/8 5x5 0 9:34 5 7/16 5 1/4 0 S
INSGY -- -- 5 1/4 5 3/8 5x4 0 9:34 5 7/16 5 1/4 0 S
INSGY + 5 1/4 -- -- -- 500 9:34 5 7/16 5 1/4 500 S
INSGY -- -- 5 1/4 5 7/16 5x10 0 9:34 5 7/16 5 1/4 0 S
INSGY + 5 3/8 +1/8 -- -- 500 9:30 5 7/16 5 1/4 500 S
INSGY -- -- 5 1/4 5 3/8 5x5 0 9:10 5 7/16 5 1/4 0 S
INSGY -- -- 5 1/4 5 3/8 5x10 0 8:17 5 7/16 5 1/4 0 S
INSGY -- -- 5 1/4 5 3/8 5x10 0 8:16 5 7/16 5 1/4 0 S



To: Luce Wildebeest who wrote (931)3/13/1999 8:53:00 AM
From: DIY Investor  Read Replies (1) | Respond to of 1606
 
Calvin, what money?

You may have misunderstood the news item from January 29th. INSGY received an indemnity claim, which I understand, ties up some proceeds from the sale of Ntrigue that are due to INSGY in August 1999. Here is the news item.

Insignia Receives Indemnity Claim
FREMONT, Calif., Jan. 29 /PRNewswire/ -- Insignia Solutions® (Nasdaq: INSGY - news) today announced that it has received from Citrix Systems, Inc. (Nasdaq: CTXS - news) an indemnity claim of uncertain amount, but estimated by Citrix to not exceed $6,250,000, made pursuant to an Asset Purchase Agreement between the companies dated January 10, 1998, as amended. Under that Agreement and a related escrow agreement, $8,750,000 of the purchase price of Insignia's former NTRIGUE product line was deposited in escrow as security for all indemnification obligations of Insignia.

Based on discussions with Citrix, Insignia does not believe that this indemnity claim will prevent $2,500,000 from being released from escrow on February 5, 1999 as previously scheduled. This indemnity claim may however, if it remains unresolved, prevent the release of the balance of escrowed funds in August 1999 as scheduled.

Citrix's indemnity claim is based on a declaratory relief action that Citrix filed against GraphOn Corp. in November 1998 in the United States District Court, Southern District of Florida. Citrix's action against GraphOn seeks a declaratory judgment that Citrix does not infringe any GraphOn proprietary rights and that Citrix has not misappropriated any trade secrets or breached an agreement to which GraphOn is a party. Citrix filed the action in response to and to resolve unsubstantiated assertions first made by GraphOn, and disclosed to Citrix in January 1998, that Insignia used GraphOn confidential information to develop Insignia products, possibly including products Insignia sold to Citrix in February 1998. GraphOn has never filed any action against either Insignia or Citrix relating to its assertions and Insignia believes such assertions by GraphOn are without merit or basis. Accordingly, Insignia intends to contest Citrix's indemnity claim.