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Technology Stocks : IVI Checkmate (CMIV) -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (2476)	5/8/1999 3:02:00 PM
From: hsg	Respond to of 3721

HEY own a huge chunk internally.

To: Sultan who wrote (2476)	5/10/1999 1:32:00 PM
From: hsg	Respond to of 3721

here's that lawsuit stuff from the SEC filing... 6. Subsequent Event In April 1999, the acquisition of the net assets of the financial systems point-of-sale business of DataCard Corporation was completed for approximately $8,052,000. The purchase price was satisfied through the issuance of (i) 894,663 shares of Series D Preferred Stock of IVI Checkmate Corp., par value $0.01 per share with 9% cumulative dividends, and (ii) a warrant to purchase 200,000 shares of Common Stock of IVI Checkmate Corp. at $6.00 per share on the third anniversary date of the acquisition. The acquisition will be accounted for as a purchase transaction. On or about April 30, 1999, we filed a lawsuit against Samsung Display Devices, Inc. and Samsung Display Devices Co., Ltd. ("Samsung") in the State Court of Fulton Country, Georgia, Civil Action No. 99-vs-15287J. The lawsuit seeks damages in excess of $5 million for Samsung's failure to deliver in a timely and/or working fashion components essential to our eN-Touch 1000® product. Samsung's failure to deliver working components and its failure to deliver the components in the time-frame promised has caused us substantial damages, including lost profits, which we intend to recover through this action.