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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Harpo who wrote (2579)	6/4/1999 5:08:00 PM
From: Q.	Read Replies (1) \| Respond to of 3015

Ben, the guys getting fired owned 1 M shares a year ago, so I expect we'll see some of that sold in a couple of months. Peters owned 700 k shares, including 50 k options a year ago, according to the proxy. Reed owned 250 k shares, including 50 k options. The corporate counsel wasn't listed as a significant shareholder. For anyone interested, here are the biographies of the chairman and president who got sacked: Timothy P. Peters, age 41, has served as a director of the Company since its inception in 1988, as President from inception through May 1996, and was elected Chief Executive Officer in December 1992 and Chairman of the Board in August 1994. In 1986, Mr. Peters founded Information Express, Co., an operator-assisted Yellow Pages company that served the Denver area, where he acted as a Vice President from 1986 to 1988. From 1979 to 1986 Mr. Peters served as Regional Manager for Penn Central Telecommunications Company. John J. Reed, age 40, has served as a director of the Company since its inception in 1988 and as President of the Company since 1996. From 1990 through 1996, Mr. Reed served in various positions with the Company, including Executive Vice President of Strategic Development and Executive Vice President of Sales and Marketing. Mr. Reed was Chairman of the Board of Interactive Channel Technology, Inc. ("ICTI"), formerly known as Cableshare, Inc., from November 1991 to October 1993, before the Company acquired all the outstanding shares of ICTI. From 1986 to 1989, Mr. Reed was President of Reed & Associates, a Dallas-based real estate brokerage and professional service firm, of which he was the sole shareholder. Mr. Reed has conducted business through this firm from time to time since 1989.