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

To: g.w. barnard who wrote (12789)	3/18/1999 1:16:00 PM
From: David	Read Replies (1) \| Respond to of 26039

My read was that about 80% of the new stock would be locked up for a year. There were two provisions discussed in the S-4, one relating to lock up of officer stock, and the other to lock up of stock of other IDT stockholders over a certain low threshold amount. For all the bitching and moaning you see here and especially on Yahoo about insider selling, the net effect of this deal is equivalent to a great amount of insider buying. After the merger, insider stock control goes up significantly as a percentage of the total shares outstanding.