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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: Alan Coccio who wrote (10659)	5/4/1999 4:22:00 PM
From: DR. MEADE	Read Replies (1) \| Respond to of 10903

Tuesday May 4, 12:36 pm Eastern Time ATEC to merge with Wareforce.com HAUPPAUGE, N.Y., May 4 (Reuters) - Computer systems company ATEC Group Inc. said on Tuesday it agreed to merge with Wareforce.com Inc. in a stock swap that will create an information technology and services provider with $300 million in revenues. ATEC, which values the deal at more than $72.5 million based on current stock prices, will issue .75 of a share of ATEC common stock for each share of Wareforce.com common stock outstanding. ATEC expects the merger, which will be accounted for as a pooling of interest, to close in the third quarter. ''The move is a natural extension of our strategy to become the single-source solution of all aspects of information technology, e-commerce and telecommunications to our customers,'' said Orie Rechtman, Wareforce chairman and chief executive officer, in a statement. ATEC said Wareforce plans to leverage its existing relationships with manufacturers, distributors and customers to launch uMember.com, of which Wareforce owns 70 percent. Wareforce expects uMember.com, a sales and auction Web site, to go online in July. The company expects the site to serve about 3 million to 5 million users and anticipates that the number will increase as a result of the merger, according to ATEC. Shares of ATEC rose 11/16 on the Nasdaq to 9 in early afternoon trading, below their 12-month high of 11-1/2 but above their 12-month low of 2-7/8. Shares of Wareforce.com dipped 1/16 on the OTC Bulletin Board to 5-3/8, below their 12-month high of 11-7/8 but above their 12-month low of 2-5/8.

To: Alan Coccio who wrote (10659)	5/5/1999 1:16:00 PM
From: Rick Voteau	Read Replies (1) \| Respond to of 10903

Alan, Forecross (FRXX) has bids out on some very large pieces of Y2K IV&V business which would go directly to their bottom line. They also have bids out for several large migrations. If any of these come through we should see a very nice gain from here. When the stock dropped near the first of the year, their two co chairman had to sell stock they had used as collateral for loans so the whole thing kind of unwound. It looks like this is over and it looks like the bid/ask spread is narrowing. I think there is less than a 2 million share float so the price can get volatile which is why I thought it might be up your alley. I bought more last week and am holding for a while because I like the fundamentals.