-
Bittco Rolls out 3D Web Visualization
Number Nine and SGI go for Flat Panel Display
Get Immersed with HP Workstations
Discreet Logic Provides Station with Equipment for Virtual Station
NVIDIA and STB Get Dell Design Win
Dave & Buster's On a Roll - Going to 30 Sites
PLATINUM Acquires COSMO Software and Team
Quantum3D Jumps Into the Banshee Fire with Raven, Midway Games and a Rebate 
881.2 Story of the Issue
881.3 Software
Advanced Visual Systems Ships AVS/Express Version 4.0
881.4 E-Commerce
Technology Leaders Launch Turn-Key E-Commerce Solution
CardMan Chipcard Reader Released by Microsoft
881.5 Set-Top Box
881.6 Markets
881.7 Financials
881.8 Deals
DIVISION Inc. Announces Acquisition of ObjectLogic Inc.
881.9 Legal --------------------------------------
***Bittco Rolls out 3D Web Visualization
(September 24)Bittco Solutions announced VRtuoso a business software package to
read, understand, and present the World Wide Web in virtual
reality on the desktop. VRtusoso is for business professionals
seeking to visualize information on the World Wide Web. VRtuoso
presents Web sites, searches and bookmarks in a VR landscape.
Vrtuoso also clusters Web documents in the VR landscape according
to content and meaning. This presentation enables users to
locate, correlate, and apply information on the Web.Vrtuoso uses artificial intelligence that reads, understands and
organizes documents with a technology Bittco calls neuralVR.
Bittco plans to license its neuralVR technology to third parties
for inclusion in products like Web servers, browsers, search
engines, document management solutions, news readers, and e-mail.Pre-release versions of VRtuoso will be available for download
in the next few months.http://www.bittco.com
Bittco intends to release VRtuoso in Q4 of 1998.
***Number Nine and SGI go for Flat Panel Display
(September 28)Number Nine has teamed with Silicon to combine Silicon Graphics
1600SW digital flat panel monitor (introduced today by Silicon
Graphics) with the Number Nine Revolution IV-FP graphics
accelerator. Using the second-generation OpenLDI high-resolution
digital interface standard, the Revolution IV-FP delivers a
digital video signal to the flat panel monitor. The monitor will
support resolutions as high as 1600 x 1024 pixels with 16.7
million colors.The SuperWide 17.3 inch monitor is capable of showing two full
pages of information in a side by side format and its 16:10
screen format is similar to High- Definition Television (HDTV).
The 1600SW offers a dot pitch of .235 mm., producing 110 dpi. The
display is 7 3/8 inches deep with the base and only 3 inches deep
in the wall- mount configuration. It weights 16 pounds (8 pounds
without the base).Number Nine enhanced its Ticket To Ride IV graphics processor
(used on the Revolution IV-FP) to provide a direct digital
output.The solution pack will be offered to systems OEMs and to end-
users through Number Nine's distribution channels and carry an
MSRP of $2795.The Solution Pack is expected to be available early in the fourth
quarter of 1998. The Revolution IV-FP is available for both PCI
and AGP 2X- equipped computers running Windows 95, Windows 98 or
Windows NT 4.0. Future support for the Apple Macintosh is
planned.http://www.nine.com
http://www.sgi.comNumber Nine has been hurting for some time. The signs include a
shortage of both income and cash and a stock price at 2 ½, which
is just 50% of its 52 week high. First Call reports that no
analysts are tracking the company. With this announcement Number
Nine continues to get closer to SGI. This has been happening
progressively over the last 4 months. WAVE suggests that it is
time to watch for an acquisition.***Get Immersed with HP Workstations
(September 29)Hewlett-Packard has rolled out a set of immersive-visualization
solutions for project teams both local and remote. These
solutions allow design teams to walk through an entire, life-size
virtual vehicle, airplane, building or molecule, for example;
interact with this data; and address design issues in real time
before physical prototypes are built.These systems are based on HP VISUALIZE workstations and graphics
technology.Using HP VISUALIZE J2240 UNIX system workstations and HP
Distributed 3-D Single Logical Screen, an HP-developed technology
that allows three synchronized workstations and three graphics
pipes to drive any OpenGL application, it is possible to support
up to 4.8-million-pixel resolution. These systems can also drive
3-D stereo graphics across the wide-field display.U.S. Pricing and Availability
HP VISUALIZE Center $460,000
Three HP VISUALIZE J2240 workstations configured with three HP
VISUALIZE fx6 texture accelerated graphics pipes, 3GB RAM, six
9GB Ultra SCSI disks, CD-ROM, VISUALIZE Center license, software
and integration kit; Panoram GVR-120, Immersive Visualization
System (19-foot x 6-foot cylindrical screen)HP VISUALIZE Workgroup 3-D 298,600
One HP VISUALIZE J2240 workstation configured with three HP
VISUALIZE fx4 graphics cards, 1GB RAM, two 9GB Ultra SCSI disks,
CD-ROM, VISUALIZE Workgroup license, software and integration
kit; Panoram PanoWall 36, Power Wall (10-foot x 3-foot, rear
projection)HP VISUALIZE Workgroup 2-D 274,300
One HP VISUALIZE J2240 workstation configured with three HP
VISUALIZE-EG graphics cards, 1GB RAM, two 9GB Ultra SCSI disks,
CD-ROM, VISUALIZE Workgroup license, software and integration
kit; Panoram Workgroup ViewStation (10-foot x 3-foot)http://www.hp.com/go/technical
***Discreet Logic Provides Station with Equipment for Virtual
Station
(September 28)Discreet Logic announced that KKYK, the WB affiliate in Little
Rock, Arkansas, has chosen Discreet Logic's frost* broadcast
graphics and virtual set system and SoftSet, the virtual studio
design and service solution from Devlin Design Group, to build an
all-virtual call letter station.KKYK's all-virtual broadcasting is expected to commence at the
end of September 1998.The SoftSet virtual studio solution combines DDG's Softset
library of over 500 virtual set designs with Discreet Logic's
frost* real-time 3-D broadcast graphics and virtual set system.
frost* also provides integration with Discreet Logic'sediting and
effects products: flame*, inferno*, smoke* and fire*. This
provides broadcasters an integrated effects, editing and
broadcast graphics environment that supports all DTV and HDTV
formats.http://www.discreet.com
***NVIDIA and STB Get Dell Design Win
(September 28)STB announced a customized version of the Velocity 4400, the STB
NVIDIA TNT, will be featured in the new Dimension XPS R series of
personal computers from Dell Computer Corp.http://www.stb.com
***Dave & Buster's On a Roll - Going to 30 Sites
(September 22)Dave & Buster's announced the opening of its fifteenth domestic
in Palisades Center Mall, Rockland County, New York. Palisades
Center, a two million square foot retail/entertainment
development, is projecting a traffic count of 20 million visitors
per year. The new Dave & Buster's occupies a prime location in
the mall adjacent to the main entrance.Buster Corley, co-founder and co-CEO of Dave & Buster's said,
"This was a hugely successful opening, and our management team is
now focused on the two more D&B stores we'll open within the next
twelve weeks.""With the opening of our fifteenth D&B in Rockland County we've
tripled our store base since we went public in 1995," said co-
founder and co-CEO, Dave Corriveau, "and the Company will double
its base to 30 stores by the end of year 2000."***PLATINUM Acquires COSMO Software and Team
(September 9)In September, PLATINUM integrated the talent and technology of
Cosmo, a unit of Silicon Graphics into its company.Silicon Graphics will continue to support the IRIX versions of
the Cosmo product line: Cosmo Code, Cosmo Worlds, Cosmo Player
and Cosmo Create. For details on engaging support for these IRIX-
based products, users should point their browsers tohttp://www.sgi.com/software/cosmo
PLATINUM technology is working on enterprise computing solutions
using 3D visualization. PLATINUM plans to extend and consolidate
its visual computing product line with the products it has
acquired from Cosmo and Intervista. PLATINUM also plans to offer
a developer's kit.http://3dbiz.platinum.com
How indirect can one get? This announcement virtually concealed
the fact that PLATINUM purchased the remnants of the COSMO
failure. It has been well known that SGI struggled to sell off
COSMO and finally an announcement has been made. Why did not SGI
make an announcement - maybe they were too embarrassed?
Hopefully PLATINUM can succeed with the technology where SGI
failed.***Quantum3D Jumps Into the Banshee Fire with Raven, Midway Games
and a Rebate
(September 28)Quantum3D, and game developer Midway Home Entertainment,
announced the immediate availability of the Raven 3D/2D graphics
accelerator based on the Voodoo Banshee chip, and a game bundle.
The game bundle, done with Midway, includes three complete
versions of arcade and console game titles: NFL Blitz, Rush the
Rock-Alcatraz Edition and GEX. Qunatum3D states that these titles
have a combined retail price of $120.The Raven is priced at $149 MSRP plus an additional $30 mail-in
rebate.The Raven is available via the Quantum3D Website as well as at national retail chains including Babbage's, Best Buy, Electronic Boutique, Ingram Micro, and Pacific Magtron Inc.
http://www.quantum3d.com
***FTC, Intel and Graphics
(September 25)PC Week Online reports that the FTC may be extending the Intel
anti-trust investigation into graphics.http://www.zdnet.com/pcweek/news/0921/25mftc.html
***NetBeans Releases Last Beta Version of Java IDE, Free Download
Continues
(September 14)NetBeans announced the Beta 3 version of NetBeans Developer 2.0.
The last beta prior to the full release, which is due near the
beginning of Q4. Beta 3 is available for free download from the
NetBeans web site,http://www.netbeans.com.
NetBeans IDE is a full-featured Java IDE based completely on
Swing/JFC. NetBeans is both written in Java and it generates Java
code. It is an object oriented, visual programming environment
based on JavaBeans components without relying on any third-party
components. The IDE is easily extensible, and it runs on any
platform that supports JDK 1.1.x, including Win95/98/NT, Apple
Mac, Linux, OS/2, Solaris, HP-UX, Irix, and others. Since the
June release of Beta 1, over 18,000 new registered users have
downloaded the tool.The Beta 3 version offers Form Editor features, a Connection
Wizard, and improvements in performance and stability. The Form
Editor supports Swing borders, a feature requested by beta
testers and early NetBeans users. Beta 3's new Connection Wizard
is a visual programming tool that allows developers to assemble
applications without writing code by hand.NetBeans IDE will ship in two versions - Developer and
Enterprise. NetBeans Developer was created for the single
developer working on a single platform. NetBeans Enterprise was
designed as a multi-user, multi-platform product. Users can fully
exploit the object-oriented nature of the IDE, design distributed
applications based on RMI/CORBA, share virtual filesystems, debug
remotely, and access source control systems.NetBeans Developer 2.0 is scheduled for release near the
beginning of Q4, and will retail for approximately $149. Pricing
and availability of NetBeans Enterprise will also be announced at
that time.NetBeans is based in Prague, Czech Republic and was founded in
July, 1997, by Java technology developers led by Roman Stanek,
formerly the Regional Director of Central and Eastern Europe for
Sybase.NetBeans is a privately held company whose investors include
Esther Dyson, CEO of EDventure Holdings.http://www.netbeans.com
http://www.edventure.com/bios/esther.html***Advanced Visual Systems Ships AVS/Express Version 4.0
(August 25)Advanced Visual Systems announces AVS/Express Version 4.0.
Version 4.0 includes new Web-enabling features, expanded
animation, and interfaces to Oracle 8 Spatial Cartridge and
ESRI's Spatial Data Engine. In addition, AVS/Express can now be
used to generate Active-X components quickly and easily to create
or modify applications.AVS/Express 4.0 is the Spatial Data Interface that provides a
direct link to leading spatial data storage from Oracle and
access middleware from ESRI. This allows users to combine spatial
analysis techniques with data visualization performed on
multidimensional data types from standard relational databases.
The blending of the spatial results with data visualization
provides enhanced integration and data "fusion" to maximize the
value of spatial data and the information which can be derived
from it.AVS/Express is a multi-platform (UNIX, Windows 95 and NT, and
Internet/intranet), object-based software environment for
visualizing complex data and building applications with
interactive visualization and graphics functions. It provides
kits that contain numerous reusable objects for data
visualization, image processing, graphics display, web
interaction, database connectivity and user interface
construction. The architecture supports the use of legacy
software to protect previous investments. It uses an object-
oriented visual programming interface to connect these components
to generate interactive 3D visualizations, as well as 2D plots
and graphs. AVS/Express provides the environment and platform for
software and data integration from multiple sources and data
types.http://www.avs.com
***Gateway Hosts Digital Signing of U.S./Ireland Electronic
Commerce
(September 4)President Clinton and Prime Minister Ahern signed an historic
agreement at Gateway's Europe, Middle East, and Africa
headquarters in Dublin, Ireland. The agreement calls on the
United States and Ireland to eliminate customs duties, and
minimize regulatory barriers and taxes in international e-
commerce.The two leaders signed the agreement digitally using two Gateway
portables, code named FireAnt, which are scheduled for launch
later this month.It also used smart cards and smart card technology provided by
Dublin-based Baltimore Technology. Each leader inserted his own
smartcard, which housed Baltimore's UniCERT Certificate
Authority, into the smartcard reader and entered a secret code.
Then the document was signed on the smartcard and a signature was
attached to the agreement.The event marks the first time that digital signatures have been
used to sign an intergovernmental document.http://www.baltimoreinc.com/clintonvisit98.html
http://www.gateway.com
http://www.baltimoreinc.com***Technology Leaders Launch Turn-Key E-Commerce Solution
(September 2)Servinet Consulting Group has joined with Microsoft Corp.,
Hewlett-Packard Corp., Exodus Communications, Inc., and
CyberSource Corp. to launch E-Commerce Quick Start, an e-commerce
solution designed to reduce costs and challenges surrounding
Internet commerce.The program includes all server software, hardware, web hosting,
commerce applications, and services needed to move businesses
from physical store fronts to electronic formats within a three
month time frame.Key services/components of the Quick-Start bundle include:
Hosting and Connectivity - Exodus Communications, Inc.
Server Hardware - Hewlett-Packard Corp.
Server Software and Commerce Platform - Microsoft Corp.
Transaction Capability and Payment Processing - CyberSource
Corp.
Site Setup and Integration - Servinet Consulting GroupThe program is scalable and customizable. The program starts at
$50,000 including hardware, software, hosting services,
electronic commerce services, and consulting and integration
services. More information can be found at
http://www.seri.net/quickstarthttp://www.microsoft.com
http://www.hp.com
http://exodus.com
http://www.cybersource.com***CardMan Chipcard Reader Released by Microsoft
(September 9)The CardMan, developed by Utimaco has obtained Microsoft's PC/SC
certificate and will be placed on the company's compatibility
list with the logo, "designed for Windows 95/98/NT." The CardMan
has already been certified at E2 security level according to
ITSEC (Information Technology Security Evaluation Criteria)
standards.PC/SC (Personal Computer/SmartCard) was developed by Microsoft to
standardize the integration of chipcards and chipcard readers
into Windows 32-bit operating systems. PC/SC-compatible
integration is effected through an IFD (Interface Device Driver),
which can be downloaded from the Utimaco homepage.CardMan supports the plug & play capabilities of Windows as well
as the ISO 7816 standard. It is connected to the serial port, so
no external power is necessary. Utimaco supplies a CardMan-API
with which chipcard cryptographic functions can be addressed.
This makes it possible to use chipcards for authentication, key
management, and digital signature at a high level of security.CardMan supports the implementation of Electronic Commerce with
digital signatures, Access Control and Internet Security. It can
be used for logon to NT or Novell servers, digital signatures in
applications such as Outlook, Exchange, Word, and Lotus Notes,
and for GSS-API based authentication and encryption on the
Internet.CardMan is also available in PCMCIA format or integrated into a
keyboard. A USB version is being developed and will be available
later this year.http://www.utimaco.com/smartcard/cmifd.zip
http://www.utimaco.com
http://www.microsoft.com/smartcard***DiviCom InterSect Gives Cable Operators New Interactive
Service Capabilities
(September 11)DiviCom Inc. has introduced InterSect, an interactive set-top box
controller that allows cable operators to deliver TCP/IP traffic
to devices such as set-top boxes. InterSect will make it possible
for cable operators to offer interactive applications such as Web
browsing, e-mail, stock ticker, and electronic program guides.InterSect is designed to control DVB/DAVIC based set-top boxes.
DVB and DAVIC are worldwide standards organizations working to
define specifications for digital video implementation. The
InterSect controller supports the out-of-band DVB/DAVIC
specification allowing cable operators to deliver video and data
at the same time.An example of this is a service in which a subscriber could
browse through information on a player while simultaneously
watching that player in a sports match, without an additional
payment.The controller meets current cable transmission requirements and
has the following features:
DVB/DAVIC Compliance
Management capabilities for both central and distributed
diagnostic control (SNMP is the key protocol)
Modular/reliable system design with a hot-swappable power supply
Supports a variety of set-top boxes
Support for standard input/output interfacesCable operators will be able to take advantage of these
integrated solutions by the end of 1998.http://www.divi.com
***Forrester's Technographics Detects Shifts in Consumers' PC-
Buying Patterns
(September 4)Forrester Research suggests that low-income households -
households earning less than $35,000 annually -- will be the
leading source of first-time PC purchasers in 1999. Meanwhile,
repeat buyers -- either replacing an old PC or buying an
additional PC -- will fuel the market for more powerful PCs and
premium Internet services.Next year, PC buyers will fall into three broad categories:
first-time buyers, replacement buyers, and additional buyers.
First-time buyers will account for 40% of the home PC market,
followed by replacement buyers (36%) and additional buyers (24%).A profile of first-time purchasers includes more women (59%) and
less 6 education -- only 37% have attended college -- than in the
past. In contrast, the majority of repeat buyers are male and 65%
have some college education. Compared to repeat buyers, first-
time buyers also are less likely to be married and have children.
The additional-buyer household consists of 3.3 members while the
first-time household has only 2.4 people.An estimated 72% of first-time buyers don't use a PC at work.
Until recently, more than 70% of PC owners had computer
experience before buying a home PC. Now the primary objective for
many first-time buyers is to learn the technology. Because these
consumers are PC neophytes, PC makers, software vendors, and
Internet service providers should be prepared to help these new
users via their call centers and help lines.Replacement buyers want a more complete PC experience than new
users. They are less sensitive to prices and more attuned to
processing power, modem speeds, and multimedia capabilities.
Because the No. 1 purchase motivation for these buyers is to go
on-line, PC makers should bundle Internet access with their PC
packages. Similarly, replacement buyers should be a prime target
for broadband services from access providers.Nearly half of the surveyed additional buyers indicated that they
want to use their new computers to help educate their children.
While these users will be somewhat less price-sensitive, PC
makers should consider networking options that enable multi-PC
households to share resources like printers and Internet access.
The added demand for shared Internet time also makes additional
buyers good candidates for broadband services."The PC Market In 1999" study uses Forrester's Technographics
segmentation scheme, which classifies consumers by the
motivations, attitudes, and income that they bring to their
adoption and use of technology. The data was drawn from a survey
of 120,000 North American consumers and was conducted with The
NPD Group in the fall of 1997.http://www.forrester.com
***Playdium Entertainment Releases Second Quarter Financial
Results
(August 31)Playdium Entertainment Corporation released its unaudited interim
consolidated financial results for the six months ended June 30,
1998.Throughout 1997 and to February 5, 1998, the Company operated The
Sega Playdium Partnership in partnership with Sega GameWorks
L.L.C. The principal business of the Partnership includes
operating part of 'Playdium @ Square One', located in
Mississauga, Ontario, as well as fifteen game center operations
in place at the end of 1997. The Playdium facility, in
Mississauga, Ontario, comprising approximately 11.5 acres,
includes an indoor component of interactive games and
attractions, which is operated by the Partnership, as well as
outdoor activities (such as go-karts, rock climbing and challenge
mini-golf) operated by the Company.On February 5, 1998, the Company acquired from Sega GameWorks its
50 percent interest in the Partnership in exchange for 3,380,000
common shares in the Company, a common share purchase warrant
entitling the holder thereof to acquire up to 1,000,000 common
shares at an exercise price of $6.75 per common share, as well as
certain pre-emptive rights, registration rights and non-compete
provisions. The consolidated results of operations to June 30,
1998 therefore include the results of the Partnership to February
5, 1998, on a proportionate basis, and all of the Partnership's
operating results thereafter. The consolidated balance sheets at
June 30, 1998 includes all of the accounts of the Company and the
Partnership.Consolidated revenues for the six months ended June 30, 1998 were
$5.62 million as compared with $2.76 million for the six months
ended June 30, 1997. The contribution margin on these revenues
was 45.7 percent for the six months ended June 30, 1998 or $2.57
million as compared with $1.03 million for the same period in
1997. General and administrative expenses were $3.63 million for
the six months ended June 1998 versus $1.45 million for the first
half of 1997. The increase was primarily a result of the
expansion of the head office staff, during the balance of 1997
and first half of 1998, to manage the roll out of future
'Playdium' locations.The Company has reported a loss before interest, taxes and
amortization of $2.58 million for the first half of 1998, which
includes $1.18 million in software research and development
expenses. This compares with a loss before interest, taxes and
amortization of $421,000 for the six months ended June 30, 1997.
The net loss reported for the first half of 1998 is $8.90 million
as compared with $3.02 million for the first half of 1997.
Included in the net loss for the first six months of 1998 and
1997 is amortization of $6.15 million and $2.16 million,
respectively. Amortization in 1998 includes goodwill amortization
of $3.1 million, relating to the acquisition of the Partnership
interest. The goodwill is being amortized over twenty-four months
on a straight-line basis from the date of acquisition.General and administrative expenses for the three months ended
June 30, 1998 of $2.06 million compare with $1.57 million in the
first three months of 1998. A net loss of $5.13 million for the
three months ended June 30, 1998 compares with a net loss of
$3.77 million for the first quarter of 1998. The increase in the
net loss by approximately $1.36 million for the second quarter is
primarily a result of: an increase in amortization expense by
approximately $946, 000 (relating to goodwill amortization for
three full months); a write-down of capital assets by $215,000,
as a result of replacing existing computer systems with a new
point-of-sale and debit card system and increased general and
administrative expenses.Operating activities for the first six months of 1998 have used
cash of $2.21 million as compared with $303,000 for the first
half of 1997. Investing activities of $25.8 million for the first
half of 1998 represent capital asset additions of $4.78 million
and the acquisition of the interest in the Partnership for $21.02
million. Financing activities primarily included the issuance of
common shares and common share purchase warrants for $20.88
million, in connection with the acquisition of the interest in
the Partnership. Working capital at June 30, 1998 was reported at
$12.92 million versus $22.61 million at June 30, 1997.Playdium Entertainment Corporation is the leader in the
introduction of large-scale location based entertainment centres
in Canada and is dedicated to developing and operating
entertainment centres worldwide.***Cadence to Acquire Ambit
(September 3)Cadence Design Systems announced that it has agreed to acquire
Ambit Design Systems. Ambit, a privately-held company and
currently an OEM partner of Cadence, offers product for synthesis
and timing analysis that specifically addresses the requirements
of multi-million gate, "block-based" designs typical of SOC
devices. The acquisition of the Ambit BuildGates technology will
give Cadence provide a suite of tools and associated design flows
required for SOC applications.Cadence will pay $260 million in cash and the transaction will be
accounted for under the purchase method of accounting. The
acquisition has been approved by the boards of directors of both
companies and is subject to regulatory and Ambit shareholder
approval.It is expected that the majority of the more than 100 Ambit
employees, including its R&D team, will join Cadence. Last year
Cadence and Ambit signed OEM and joint development agreements
that enabled Cadence to sell Ambit's BuildGates synthesis product
and began developing an integrated front- to-back SOC solution.
In addition, the BuildGates product has been used by the Cadence
Design Services organization to perform several complex deep
submicron (DSM) SOC designs.The Ambit technology targets a next-generation approach to
synthesis which has the ability to synthesize very large blocks
in one run and address chip-level timing issues, both critical
requirements for complex SOC design. Unlike first- generation
synthesis tools, BuildGates addresses the unique requirements of
SOC and facilitates the transition to DSM process geometries
through which system- chips are manufactured.Specifically, BuildGates has an ability to handle large designs;
an understanding of timing issues that occur in interconnect-
heavy DSM designs; and tight links to the physical implementation
processes for IC design. Its unique architecture supports a
block-based design/design re-use methodology, complementing the
Cadence overall strategy for offering a design flow enabling
integration of multiple intellectual property (IP) blocks on a
single chip.http://www.cadence.com
***DIVISION Inc. Announces Acquisition of ObjectLogic Inc.
(September 4)DIVISION has acquired ObjectLogic. DIVISION's acquisition of
ObjectLogic will enable DIVISION to provide products for
enterprise-wide product visualization. The addition of
ObjectLogic's products will provide DIVISION with product range
to address a broader market need.The maximum value of the agreement is approximately $22 million,
of which $16 million has been paid, with a possible additional
payout of $6 million contingent upon the achievement of certain
future sales targets. The initial $16 million payment was
satisfied by the issue of 14,031,326 new ordinary shares in
DIVISION Group plc, and by a cash payment of $4 million. The
contingent payout will be satisfied at DIVISION's option by the
issue of additional ordinary shares or cash.Finalization of the acquisition under the Listing Rules of the
London Stock Exchange, was completed following a general meeting
of DIVISION shareholders held on 27 August 1998. As a result, Mr.
Ted Drysdale and Mr. Graham Whitworth, managing director of
ObjectLogic's European distributor, have been appointed as
directors of DIVISION Group plc.http://www.DIVISION.com
***Court Grants CyberMedia's Request for Injunction against
Symantec
(September 4)The United States Federal Court in San Jose, CA ordered Symantec
to stop shipping Norton Uninstall Deluxe and all suites and
bundles containing the infringing code, CyberMedia. The court
found CyberMedia was likely to succeed in proving that Symantec
infringes CyberMedia's copyright on their product UnInstaller.Under the court's order, Symantec must issue a "Notice of Recall"
regarding Norton Uninstall Deluxe informing its distributors that
distributing this product may expose them to liability as a
contributory infringer. Symantec must also cease manufacturing,
selling, distributing, and advertising this product and any
suites and bundles containing the infringing code.http://www.cybermedia.com
--------------------------------------
Copyright 1998 4th WAVE, Inc.
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