Markets Down, Deals Up

Cisco + Pentacom, Cree
+ Nitres
, Intasys + Noha
Systems
, InternetStudios.com + itstv.com, Leading Edge Systems + APPLISOFT, Log On America +
RediCom Communication
, Micron Electronics +
Inacom
, NCR + Ceres Integrated Solutions, Proxicom + Clarity IBD,
S3 + VIA
Technologies
































 Micron Electronics (MUEI) acquires assets from
Inacom (ICO)

 

  
* 
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.


     

 
































 Proxicom (PXCM) acquires Clarity IBD

 

  
* 
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.


     

 
































 Cisco (CSCO) acquires Pentacom

 

  
* 
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.


     

 
































 Log On America (LOAX) acquires
RediCom

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Telecommunications

&n

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.


     

 
































 NCR (NCR) acquires Ceres Integrated
Solutions

 

  
* 
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.


     

 
































 S3 (SIII) sells graphics chip business to VIA
Technologies

 

  
* 
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.


     

 
































 Cree (CREE) acquires Nitres

 

  
* 
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.


     

 
































 Intasys (INTA) signs LOI to merge with Noha
Systems

 

  
* 
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.


     

 
































 Leading Edge Systems acquires
APPLISOFT

 

  
* 
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.


     

 
































 InternetStudios.com (ISTS) acquires
itstv.com

 

  
* 
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.


     

 

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