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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (720)	4/14/1999 6:04:00 PM
From: BelowTheCrowd	Read Replies (1) \| Respond to of 10293

Bill, I saw that on their website. Here's what he left in order to take his previous job: quote.yahoo.com Of course, the term "left" is somewhat misleading. If I recall correctly, a lot of people "left" Westwood One shortly after Mel Karmizan/Infinity took them over. Iwerks was one of those great "concept" stocks. When I was in biz school at UCLA everybody loved them, wanted to do internships, field studies, whatever. They were going to completely revolutionize movies by providing an "interactive environment" for the viewers using the latest "multimedia" technologies. In the end, all they produced was some of those "simulator" rides you see some places. Haven't made much money off it. My own field study was at one of the Vegas casinos. We looked at that stuff and evaluated what it was good for. The conclusion was that you'd never make much money operating one of them, that at best it was a draw for the casino (and not necessarily a very good one -- attracted too many kids, families, and others who didn't gamble much). They promoted the stock big-time and did a very good job of convincing a lot of soon-to-be MBAs that they were the future. I can see how the architect of that strategy would fit well with VLNC. mg

To: Bill Wexler who wrote (720)	4/21/1999 11:14:00 AM
From: Mr Logic	Read Replies (1) \| Respond to of 10293

TAVA $8 buy-out: TAVA Technologies, Inc. Signs Merger Agreement ENGLEWOOD, Colo., April 21 /PRNewswire/ -- TAVA Technologies, Inc. (Nasdaq: TAVA - news) announced today that it has entered into an Agreement and Plan of Reorganization pursuant to which TAVA will be acquired by a wholly-owned subsidiary of Real Software Group NV (''Real Software''), a Belgian corporation, in a cash merger transaction for $8.00 per share (the ''Merger''). Upon completion of the Merger, TAVA will no longer be traded on Nasdaq. Real Software, an IT services and products company, is publicly traded on the Brussels Stock Exchange and has an equity market capitalization of approximately 1.5 billion Euros or $1.6 billion at current exchange rates. The company provides a comprehensive range of IT services to clients in Europe, Asia and the U.S. through its group of internal business units and more than 20 subsidiary operations. Current Real Software interests in the U.S. include the INC Group, an ERP consulting and implementation company with staff of more than 200. The company's strategy is to address clients as a single point solution provider of all their IT needs, from E-commerce to shop floor maintenance management. Pursuant to the terms of the Merger, each outstanding share of TAVA will be exchanged for $8.00 in cash. The Merger values the diluted equity of TAVA at approximately $196,000,000 and represents a 59% premium to the closing price of TAVA shares four weeks before the announcement. Real Software will finance the Merger in part with cash and a committed debt financing facility. Prudential Securities, Inc. served as financial advisor and delivered a fairness opinion to the Special Committee of the Board of Directors of TAVA. Broadview International served as advisors to the Real Software Group. Consummation of the Merger (which is expected to occur during Summer 1999) is subject to certain conditions, including, without limitation: (i) TAVA shareholder approval: (ii) the receipt of all requisite approvals by applicable public and regulatory authorities; and (iii) certain other conditions, indulging absence of any material adverse change in TAVA's business, prospects or financial condition, and a requirement by Real Software that four of TAVA's executive officers, including John Jenkins, President & CEO, enter into employment agreements with the continuing private company. Statements made in this press release that are not historical or current facts are ''forward-looking statements'' made pursuant to the safe harbor provisions of federal securities laws. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected. Risks and uncertainties which could affect TAVA and the consummation of the transaction described in this press release include the conditions to the merger discussed in this release; the factors discussed in the ''Management's Discussion and Analysis'' section of the Company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 1998 and in any subsequent reports filed with the Securities and Exchange Commission, to which reference should be made. SOURCE: TAVA Technologies, Inc.