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SOUTHEAST TECH WIRE -- Aug. 23, 2002
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To Subscribe For Free: http://www.southeasttechwire.com
o Durham-based Trimeris Files for Follow-on Offering of 2 Million Shares
o Alpharetta-based KevSoft Corp. Raises $1 Million in First Round
o Concurrent Computer Corp. Lowers Earnings Forecast; Shares Drop 24%
o CED Names Howard Anderson as Keynote Speaker for InfoTech 2002
o Earthlink's PeoplePC To Pay $100,000 Fine by FTC
o Briefly Noted: AirNet Communications Corp., Marex Inc., Video Display
Corp., BIFS Technologies, Default Proof Credit Card System Inc.
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o Durham-based Trimeris Files for Follow-on Offering of 2 Million Shares
Durham, N.C. -- In an effort to raise about $95 million, Durham-based
Trimeris Inc., a Nasdaq-listed biopharmaceutical company, has filed papers
with the Securities and Exchange Commission for a secondary public
offering to sell 2 million shares. The company, which is still in
development stage, said that it plans to use the funds for clinical
development and commercialization of its drug product candidate that is
designed to inhibit HIV. Morgan Stanley, Goldman Sachs and Lehman Brothers
are underwriting the offering
http://biz.yahoo.com/prnews/020823/chf001_1.html
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o Alpharetta-based KevSoft Corp. Raises $1 Million in First Round
Alpharetta, Ga. -- Less than a year after launching its first product,
Alpharetta-based Kevsoft Corp., a provider of performance and scalability
software for Windows servers, has raised $1 million from Southeastern
Technology Fund in its first round of venture capital. The company was
founded last year by Kevin Goodman, a former software developer with
AppScape and Softblox. KevSoft's products are designed to increase the
capacity of Windows servers about 33%, reducing the need for hardware
purchases. The company's customers include Concentra Health Services,
Cargill and Coventry Health Care.
http://www.newsalert.com/bin/story?StoryId=CpwrHWbKbytiZodG&FQ
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o Concurrent Computer Corp. Lowers Earnings Forecast; Shares Drop 24%
Duluth, Ga. -- Shares of Concurrent Computer Corp., a provider of computer
equipment for video-on-demand services, fell $1.03 to $3.34 on Friday -- a
loss of 24% -- after the company lowered its earnings forecast for the
current quarter. Alan Bezoza, an analyst with CIBC World Markets, told
Reuters that investors were over-reacting to a delay in shipments to
Atlanta-based Cox Communications. "The delay is not a capital expenditure
issue," he said. "It's a delay due to a shift (by Cox) from the deployment
of movies on demand toward subscriptions, which could ultimately have a
better effect on (Concurrent)."
http://biz.yahoo.com/bw/020823/232030_1.html
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o CED Names Howard Anderson as Keynote Speaker for InfoTech 2002
Research Triangle Park, N.C. -- The Council for Entrepreneurial
Development, an organization supporting entrepreneurs and technology
companies in the RTP area, has named Howard Anderson as the keynote
speaker for InfoTech 2002, its annual investors conference. Anderson is
the founder and CEO of the research firm Yankee Group and founder of
Battery Ventures, a major venture capital firm. InfoTech 2002 will be held
on Oct. 30 at the Sheraton Imperial in RTP.
http://www.cednc.org/infotech/2002/
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o Earthlink's PeoplePC To Pay $100,000 Fine by FTC
Atlanta -- PeoplePC Inc., a San Francisco-based personal computer
manufacturer that was recently acquired by Atlanta-based Earthlink for
about $11 million in cash, has agreed to pay a $100,000 fine to settle
Federal Trade Commission (FTC) charges that the company failed to notify
customers about shipment delays. The FTC also alleged that PeoplePC did
not properly display warranties on its products.
http://biz.yahoo.com/rf/020823/tech_peoplepc_ftc_1.html
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o Briefly Noted:
(Melbourne, Fla.) Melbourne-based AirNet Communications Corp., a provider
of base stations for wireless communications, said that a large customer
in Asia with 1.5 million subscribers has purchased an initial system from
AirNet after successfully completing an extensive trial. The purchase
amount totaled $500,000. "During my time in Asia with this customer, I was
surprised at how rural markets, previously not serviced by this customer,
quickly responded to newly installed cell sites," said Bill Lee, vice
president of operations of AirNet.
http://www.airnetcom.com.
(Miami) Miami-based Marex Inc., a provider of telemetry and continuous
emissions monitoring equipment, said that it will execute a ten-for-one
reverse stock split on Monday, Aug. 26 as part of its effort to remain
listed on the Nasdaq small cap market.
http://biz.yahoo.com/prnews/020823/flf005_1.html
(Atlanta) Ron Ordway, CEO of Atlanta-based Video Display Corp., a supplier
of component for display systems and computer monitors, told a
shareholders meeting on Friday that he expects the company's revenue for
the current fiscal year to exceed last year's revenue if conditions in the
first five months continue for the rest of the year. Video Display Corp.'s
revenue for the first five months of the current year exceeded $32
million.
http://biz.yahoo.com/bw/020823/230054_1.html
(Pensacola, Fla.) Sarasota-based BIFS Technologies, a diversified
technology developer, said that it has signed an agreement to lease excess
bandwidth from WSRE-DT, Channel 31, a PBS affiliate in Pensacola, Fla.
BIFS said that the contract allows it to deploy its wireless high-speed
"last mile" Internet delivery system.
http://biz.yahoo.com/bw/020823/232154_1.html
(Miami) Miami-based Default Proof Credit Card System Inc., a developer of
technology for pre-paid debit cards, said that it has fired its president
and CFO, David Koss, "in view of a significant decline of time that Mr.
Koss dedicated to his commitments to the company."
http://biz.yahoo.com/bw/020823/232145_1.html
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> Email Management - Legal Issues and IT Solutions
A briefing on the legal, regulatory and operational risks of e-mail
management and retention in a volatile political and technological climate
is being hosted by the Washington-based law firm of Cohen Mohr and
StorageTek, a leading provider of digital storage solutions. The program
will address important legal and regulatory developments, compliance
rqmnts and emerging operational solutions to critical email archival and
content mgmt challenges. The briefings will be held in Charlotte Aug 22,
Raleigh Aug 23 and Atlanta Sept 18. To register, call 1-800-786-7835
extension EMAIL SEMINAR or log on to
http://www.storagetek.com/emailseminar.
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