gnu@hoptoad.uucp (John Gilmore) (04/14/88)
The Adobe 1987 annual report and 10-K form have just come out and there
is a puzzling thing on page 4 of the 10-K (an annual report for public
companies, filed with the SEC and available to any stockholder). I'll
just print it verbatim and see if anyone knows what is going on:
"The Corporation [Adobe] and Ashlar, Inc. ("Ashlar"), a recently
organized and privately funded corporation, are negotiationg the terms
of an agreement pursuant to which it is contemplated that the
Corporation would receive preferred stock in Ashlar representing
approximately a 5% interest, and would license PostScript software to
Ashlar with a right to receive royalties from the distribution of any
Ashlar products resulting from such license. In addition, it is
proposed that the Corporation would have the first right to negotiate
to become an exclusive retail distributor of Ashlar products, and a
further right to obtain additional stock of Ashlar. Q. T. Wiles,
William Hambrecht, and David Evans, directors of the Corporation, are
shareholders of Ashlar and own in the aggregate approximately 9% of the
outstanding stock of Ashlar. Venture capital investors affiliated with
Hambrecht & Quist own an additional 38% interest in Ashlar."
--
{pyramid,pacbell,amdahl,sun,ihnp4}!hoptoad!gnu gnu@toad.com
I forsee a day when there are two kinds of C compilers: standard ones and
useful ones ... just like Pascal and Fortran. Are we making progress yet?
-- ASC:GUTHERY%slb-test.csnet