Flock of Seagulls

Adept Technology + Pensar
Tucson
, ATEC + Intellesale, Cisco + Seagull
Semiconductor
, Conexant + Philsar, E*TwoMEDIA.com + Intelligent Card Systems, Gores
Technology + Revere
, HealthZone.com +
SmartBasics.com
, iShopper.com + NowSeven.com &
Stinkyfeet.com
, Margo Caribe +
iTract
, Pivotal + Exactium, SmartForce +
Learning Productions
































 Cisco (CSCO) acquires Seagull
Semiconductor

 

  
* 
Amount:
         $19
million

 

  
* 
Terms:
           
cash and stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Computer networking
equipment

 

  
* 
Scorecard:
      B+

 



    SAN JOSE, April 12–Cisco Systems (CSCO)
    , which makes equipment that directs traffic on the Internet, said it would
    buy a unit of Israel’s Seagull Semiconductor Ltd. in a $19 million
    deal. Cisco said in a statement that it had signed a definitive agreement
    to buy the unit comprising privately-held Seagull’s core technology development
    team of 17 engineers. Cisc

    o common stock and cash totaling about $19
    million will be swapped for the unit’s stock and options.


     

 
































 Pivotal (PVTL) acquires Exactium

 

  
* 
Amount:
         $48
million

 

  
* 
Terms:
           
$11.3 million cash/925,000 shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Corporate
software

 

  
* 
Scorecard:
      B-

 



    VANCOUVER, B.C. AND LINKOPING, Sweden, April 12–Pivotal
    Corporation
    (PVTL)
    , the eBusiness Relationship Company, today announced the signing of a
    definitive agreement to acquire 100 percent of Atlanta, Georgia-based
    Exactium Ltd.


    Under the terms of the definitive agreement, Pivotal will pay $48 million
    for all shares of Exactium.
    Consideration will consist of $11.3 million in cash, with the balance paid
    in common shares of Pivotal. As a result of the transaction, Pivotal will
    issue approximately 925,000 shares of its common shares, or approximately 4
    percent of the combined company, on a fully diluted basis.


     

 
































 Margo Caribe (MRGO) merges with
iTract

 

  
* 
Amount:
         n/a

 

  
* 
Terms:
           
20 million shares

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Internet
marketing

 

  
* 
Scorecard:
      D-

 



    VEGA ALTA, Puerto Rico, April 12–Margo Caribe (MRGO)
    announced today that it has entered into an agreement to merge with
    iTract, a privately held developmental-stage internet company
    building a communication tool that is designed to allow its users to
    deliver rapidly a targeted marketing campaign using e-mail, fax and postal
    mail. ITract shareholders would receive
    88 percent, or about 20 million shares, of Margo’s common stock in exchange
    for all the common stock of iTract.


    Essentially, Margo will undergo a “reverse merger” that would involve
    shedding its current nursery business, folding into the privately-held
    iTract. The Company is currently seeking purchasers for its nursery
    business.


     

 
































 ATEC (ATEC) signs LOI to acquire
Intellesale

 

  
* 
Amount:
         $375
million

 

  
* 
Terms:
           
$16 per share (100% stock)

 

  
* 
Premium:
        n/a

 

  

* 
Industry:
        Computer products
reseller

 

  
* 
Scorecard:
      C+

 



    HAUPPAUGE, April 12–ATEC Group (ATEC)
    , a major system integrator and provider of a full line of information
    technology products and services, announced today that it has signed a
    letter of intent to purchase IntelleSale.com, a subsidiary of
    Applied Digital Solutions (ADSX).


    Under the terms of the agreement, valued at approximately $375 million,
    ATEC will issue $16 per share to Intellesale.com shareholders. The
    deal is expected to close by the end of the second quarter of 2000. The
    combined company will be renamed IntelleSale and will be owned
    approximately 70 percent by Applied Digital Solutions and 15 percent by
    ATEC shareholders, with the remaining 15 percent owned by the current
    IntelleSale.com management.


     

 
































 Conexant (CNXT) acquires Philsar

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
2.7 to 3.0 million shares (100% stock)

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Semiconductor
equipment

 

  
* 
Scorecard:
      B

 



    NEWPORT BEACH, April 12–Conexant System

    s
    (CNXT)
    announced that it has agreed to acquire Philsar
    Semiconductor
    of Ottawa, Ontario, Canada, making it Conexant’s fourth
    major acquisition this year. Philsar shareholders will
    receive between 2.685 million and 3 million Conexant common shares,
    depending on closing prices for Conexant shares during an agreed upon
    period preceding the closing.


     

 
































 Adept Technology (ADTK) signs LOI to acquire
Pensar Tucson

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Robot
automation

 

  
* 
Scorecard:
      A-

 



    SAN JOSE, April 12–Adept Technology (ADTK)
    , America’s largest manufacturer of industrial robots and a factory
    automation leader, today announced that it has signed a non-binding letter
    of intent to acquire Pensar Tucson, a leading design/engineering
    automation company based in Tucson, Ariz. The acquisition is anticipated to
    close in early summer. Adept believes that the acquisition will extend its
    offerings in precision assembly automation to include integrated platforms
    for high precision and fiber optic assembly processes.


     

 
































 iShopper.com (IHPR) acquires NowSeven.com &
Stinkyfeet.com

 

  
* 
Amount:
         n/a

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Online
retailing

 

  
* 
Scorecard:
      F

 



    SANDY, April 12–iShopper.com (OTCBB: IHPR),
    an Internet and technology holding company, announced it has acquired two
    additional companies: NowSeven.com and Stinkyfeet.com
    (neither of which are currently available online). NowSeven.com specializes
    in e-mail and business-to-business databases, as well as creating and
    producing e-zines, while Stinkyfeet.com’s technology allows for the use of
    multiple search engines while keeping the user in the Stinkyfeet.com
    domain.


     

 
































 E*TwoMEDIA.com (ETMD) acquires Intelligent Card
Systems

 

  
* 
Amount:
         $200
million

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-commerce
solutions

 

  
* 
Scorecard:
      C+

 



    LONDON, April 12–Mr. Daniel Jefferies, Managing Director of
    E*TwoMEDIA.com (OTCBB: ETMD),
    with strong links to the UK and Europe, announced today that the contracts
    for the acquisition of Australian Smart Card and e-commerce solutions
    company, Intelligent Card Systems, would be signed in London this
    week. Mr. Jefferies said E*TwoMEDIA.com’s decision to proceed with the
    purchase of all of the issued share capital in Intelligent Card Systems for
    a figure reported to be in excess of US $200 million was the strongest
    statement possible on the strength of ICS and its systems.


     

 
































 Gores Technology acquires Revere

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Corporate
software

 

  
* 
Scorecard:
      B-

 



    SAN FRANCISCO, April 12–Gores Technology Group, a leading
    privately held international technology acquisition and management company,
    today announced that it has acquired Revere from Walker
    Interactive Systems
    (WALK)
    . Revere is a worldwide pr

    ovider of
    enterprise asset management software systems and related consulting
    services. Its premier products are the IMMPOWER(TM) Asset Management
    Application and the geoLATTICE Software Suite. Terms of the deal were not
    disclosed.


     

 
































 HealthZone.com (ZONE) acquires
SmartBasics.com

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Online health
care

 

  
* 
Scorecard:
      C-

 



    LOS ANGELES, April 12–In keeping with the company’s aggressive
    role-up strategy, HealthZone.com (ZONE)
    , subsidiary of Omni Nutraceuticals (OMNT)
    , announced today it has signed a binding term sheet to acquire one of the
    online health industry’s most dynamic San Francisco, CA based players,
    SmartBasics.com.


    SmartBasics.com carries
    nutraceutical formulas in the areas of (i) Cognition Enhancement, (ii)
    Immune Support, and (iii) Anti-Aging are are available for purchase as its
    Web site. Its products will complement HealthZone.com’s distribution of
    over 16,000 health related products online to its global consumer base.
    HealthZone.com plans to accelerate its acquisition activities and plans to
    announce its second dot-com merger of the year in the very near future,
    perhaps as early as next week.


     

 































 SmartForce (SMTF) acquires Learning
Productions

 

  
* 
Amount:
         $15
million

 

  
* 
Terms:
           
$4.8 million cash/225,000 shares of SMTF

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Educational
software

 

  
* 
Scorecard:
      C

 



    REDWOOD CITY, April 12–SmartForce (SMTF)
    , the world leader in e-Learning, today announced that it has entered into
    a definitive agreement to acquire Learning Productions, a developer
    of advanced, Internet-based role play business simulations. SmartForce will
    issue approximately 225,000 ADS shares in the acquisition, as well as $4.8
    million in cash, to the holders of Learning Productions’
    securities.


     

 

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