Markets Down, Deals Up

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        E-government
solutions

  
* 
Scorecard:      B

• 
  
• 
  NAMPA, April 11–Demonstrating its commitment to serving the needs
  of government customers, Micron Electronics (MUEI)
  announced that it has acquired the assets of Inacom Government
  Systems, a wholly owned subsidiary of Inacom Corp. (ICO),
  an Alpharetta, GA, based e-business and infrastructure solutions company.
• 
  Micron Electronics, through its wholly owned subsidiary Micron Government
  Computer Systems, acquired the net assets of Inacom Government Systems for
  an undi
• sclosed amount of cash. These assets include unique contracts for
  life cycle management support and professional services, a broad range of
  approved government purchasing vehicles, and access to third-party hardware
  and software products and peripherals.
• 
  
•  

  
* 
Amount:         $73
million

  
* 
Terms:           
$16 million cash/1.29 million shares of PXCM

  
* 
Premium:        n/a

  
* 
Industry:        Internet
consulting

  
* 
Scorecard:      B+

• 
  
• 
  LONDON, April 11–Proxicom (PXCM)
  , a U.S. e-business development company, said on Tuesday it had purchased
  one of Britain’s leading e-business consultancies, Clarity IBD, for
  around $73 million in cash and shares. Proxicom will pay $16 million cash
  and 1.29 million shares for Clarity IBD,
  which the U.S. company said was the latest strategic initiative to boost
  its international operations.
• 
  
•  

  
* 
Amount:         $118.0 million
stock

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:        Computer networking
equipment

  
* 
Scorecard:      A-

• 
  
• 
  SAN JOSE, Calif., April 11–Cisco Systems (CSCO)
  , the world’s largest maker of computer networking equipment, said it would
  buy Pentacom Ltd for $118 million in stock as it continues its
  breakneck acquisition pace. Cisco said it is acquiring Herzliya,
  Israel-based Pentacom to expand its
  product portfolio to help service providers build more flexible, manageable
  and cost effective, end-to-end Internet protocol-based networks. Cisco has
  said it plans to buy between 20 and 25 companies this year, up from 18 in
  1999. It unveiled four acquisitions in March alone.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:       
Telecommunications

bsp;

  
* 
Scorecard:      C+

• 
  
• 
  PROVIDENCE, April 11–Log On America (LOAX)
  , a rapidly growing D-CLEC+, today announced that it acquired RediCom
  Communication Systems, one of Rhode Island’s largest independent
  communications equipment and installation companies. Terms of the deal were
  not disclosed.
• 
  Under this second phase of Log On America’s Strategy 2000, Log On America
  is systematically building-out its high-speed network, in which the RediCom
  unit will provide a base location for Log On America’s Southern New England
  fleet.
• 
  
•  

  
* 
Amount:         $90
million

  
* 
Terms:           
cash and stock

  
* 
Premium:        n/a

  
* 
Industry:        Customer
relationship management solutions

  
* 
Scorecard:      B-

• 
  
• 
  DAYTON, April 11–NCR Corporation (NCR)
  announced the acquisition of Ceres Integrated Solutions, a leading
  provider of customer relationship management (CRM) solutions and the leader
  in retail targeted marketing applications. The cash and stock transaction
  is valued at approximately $90 million.
• 
  The acquisition, effective immediately, creates a market leader with the
  combination of NCR’s Relationship Optimizer CRM suite and Ceres to form the
  NCR CRM Solutions Division. Th
• e combination provides true multi-channel
  CRM, with timely personal offers and the ability to analyze customer
  behavior from many dimensions.
• 
  
•  

  
* 
Amount:         $323
million

  
* 
Terms:           
cash and stock

  
* 
Premium:        n/a

  
* 
Industry:        Semiconductor
equipment

  
* 
Scorecard:      B+

• 
  
• 
  SANTA CLARA, April 11–Multimedia software maker S3 Inc. (SIII)
  said it will sell its personal computer graphics chip business to a newly
  formed joint venture with Taiwan’s VIA Technologies for about $323
  million in cash and securities. S3 will receive additional earn-outs if
  certain financial milestones are achieved by the joint venture.
• 
  As part of the agreement S3 will sell 3 million shares of its stock to VIA Technologies at a price coinciding
  with the signing of the definitive agreement. The Santa Clara, Calif.-based
  S3 said the VIA transaction is expected to be completed prior to its third
  quarter and customers should not expect disruptions of any kind.
• 
  
•  

  
* 
Amount:       &

nbsp; $160
million

  
* 
Terms:           
1.5 million shares of CREE

  
* 
Premium:        n/a

  
* 
Industry:        Semiconductor
equipment

  
* 
Scorecard:      A

• 
  
• 
  DURHAM, April 11–Cree (CREE)
  , the world leader in the development and manufacture of semiconductor
  materials and electronic devices made from silicon carbide (SiC), today
  announced it has signed a definitive agreement to acquire privately-held
  Nitres, a leader in research and development of nitride-based
  semiconductor devices. As a result of the acquisition, Nitres will become a wholly-owned
  subsidiary called Cree Lighting Company, a California corporation. The
  transaction is expected to be completed by the end of May 2000.
• 
  Under the terms of the agreement, Cree will acquire all of the outstanding
  and vested shares of Nitres stock in exchange for approximately 1.5 million
  shares of Cree common stock in a pooling of interests transaction. In
  connection with the transaction, Cree will issue approximately 350,000
  unvested Cree shares in exchange for unvested Nitres shares and assume all
  outstanding Nitres stock options and warrants which will be exercisable for
  approximately 150,000 shares of Cree common stock.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Corporate
software

  
* 
Scorecard:      C

• 
  
• 
  MONTREAL, April 11–Intasys Corporation (INTA)
  announced that it has entered into a letter of intent with Noha Systems
  Limited of Preston, U.K. (NSL) to merge its Intasys Management Systems
  electronic billing solutions division (IMS) with their mediation, billing
  and interconnectivity assets to create Noha Systems Inc., a global leader
  in innovative, cost-effective mediation, billing and customer care and
  interconnected solutions.
• 
  In addition to contributing the assets of its IMS division, Intasys will
  provide $2 million equity to Noha
  Systems. As a result, Intasys will own approximately 70% of the common
  stock of Noha and NSL will own the remaining thirty percent. This alliance
  resulted in a $2.6 million contract being awarded by the Kuwait Ministry of
  Communication to supply its billing and customer care system.
• 
  
•  

  
* 
Amount:         $9
million

  
* 
Terms:           
100% cash

  
* 
Premium:        n/a

  
* 
Industry:        Financial
software

  
* 
Scorecard:      B

• 
  
• 
  BOMBAY, April 11–Leading Edge
  Systems, an Indian software developer, said on Tuesday that it has
  agreed to buy an American software company APPLISOFT for $9 million. APPLISOFT is a privately
  owned firm, based in California, focused on software services business.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:        Internet
television

  
* 
Scorecard:      C-

• 
  
• 
  LOS ANGELES, April 11–InternetStudios.com (ISTS)
  , a company enabling the licensing of filmed entertainment rights via the
  Internet, today announced that it has acquired “itstv.com”, an
  Internet company engaged in the marketing and sales of television
  programming rights.
• 
  The agreement provides for InternetStudios.com to acquire the business
  operations of itstv.com from co-founders
  Allan McKeown and Nick Witkowski for an undisclosed amount of stock. A name
  change and joint relaunch with InternetStudios’ new subsidiary,
  OnlineTVSales.com is expected shortly, as the URL itstv.com remains the
  property of its founder.
• 
  
•