SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) July 27, 1999
Datapoint Corporation
(Exact name of registrant as specified in its charter)
Delaware 001-07636 74-1605174
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
7 rue d'Anjou 75008, Paris, France;
8410 Datapoint Drive, San Antonio, TX 78229-8500
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 331-4007-3737; 210-593-7000
4 rue d'Aguesseau 75008, Paris, France
(Former name or former address, if changed since last report)
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Item 5. Other Events
On July 27, 1999, the registrant announced that its newly formed
subsidiary, Corebyte Inc., had acquired the Corebyte(TM) communication and
networking software product family. The registrant issued a press release on
July 27, 1999 relating to such transaction, a copy of which is attached hereto
as Exhibit 99. The acquisition was accomplished pursuant to an Asset Purchase
Agreement, by and among the registrant, SF Digital, LLC and John Engstrom, dated
as of July 27, 1999. The purchase price for the acquired assets is comprised as
follows: (i) options to purchase up to one million shares of common stock of the
registrant at an exercise price of $1.00 per share; (ii) options to purchase an
additional one million shares of common stock of the registrant at an exercise
price equal to 80% of the closing price per share of common stock of the
registrant on July 27, 2000, the first anniversary of the acquisition, provided
that Mr. Engstrom is still employed by the registrant on such date; (iii) up to
twenty five percent of the common stock in Corbyte, Inc.; and (iv) $75,000 in
cash as reimbursement for certain research and development expenses. All such
consideration is to be held in escrow pending final resolution of Engstrom v.
Futureshare.com, LLC, a litigation which is pending in the United States
District Court for the Southern District of New York concerning the ownership
status of the intellectual property which is the subject of the acquisition.
Corebyte(TM) is an intelligent browser-based enterprise-to-enterprise
networking system. With a single interface, and based upon beta testing of the
system performed to date, the end-user directly accesses every application
necessary to manage their enterprise from basic e-mail to advanced e-commerce.
Users of Corebyte seamlessly share and exchange valuable information,
selectively and securely, within their network community and across enterprises
via the Internet. Based on the above, the following features are currently
available with Corebyte:
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o Instant Virtual Private Network with simple and remote
administration;
o E-mail;
o Calendar;
o Address book;
o Notepad;
o Enterprise-wide website editor;
o Slideshow;
o Intelligent instant messaging;
o Website bookmarks and links manager;
o Folder management and sharing;
o Unlimited color and style combinations (totally customizable)
o Advanced searching and sorting; and
o Automatic content update broadcast.
Based upon its experience with the Corebyte technology to date, the
registrant anticipates that users of Corebyte will be able, over time, to
utilize Corebyte with the following features:
o Group task manager;
o Ability to import, export and interchange data with popular
applications;
o Context-sensitive Help System and Web-video training;
o Next-generation calendar, task and contact manager;
o Next-generation folders and sharing, including nested folders,
increased security and additional search features;
o Next-generation security using observation based methodology;
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o Next generation search with full text indexing;
o PDA and Contact Manager Data Exchange;
o Checkbook/Billing Manager;
o Direct marketing and Ad Manager Modules;
o E-commerce Module;
o Invoice Management Module;
o Inventory Management Module;
o Employee Resource and Planning Module;
o Database Management Module;
o Domain name Service Management Module;
o Multilingual versions, including French, German, Italian,
Portuguese, Spanish, Japanese, Chinese, Russian and Korean.
o Open data interchange using Allaire Cold Fusion Engines;
o Enterprise-to-enterprise data transfers supporting any Corebyte data
type;
o Custom Corebyte web browser that supports virtual software
technologies; and
o A universal inbox (messaging) that integrates with CLEC technologies
including voicemail, fax, wireless PDA's, broadband telephony, cable
and wireless; and
o Real-time financial portfolio that allows reconciliation of
disparate accounts.
Item 7. Exhibits
(99) Press Release of Registrant
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Datapoint Corporation
(Registrant)
Date: August 3, 1999
By: /s/ Phillip P. Krumb
---------------------------------
Phillip P. Krumb
(Acting Chief Accounting Officer)
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EXHIBIT INDEX
(99) Press Release of Registrant
(EXHIBIT 99)
NEWS RELEASE
FOR IMMEDITE RELEASE Contact: Blake Thomas
President & COO
International Headquarters
Paris, France
33 1 4007 3701
DATAPOINT ANNOUNCES THE ACQUISITION OF COREBYTE(TM)
SAN ANTONIO, Texas, July 27, 1999 - Datapoint Corporation (OTC: DTPT)
today announced the acquisition of the CoreByte(TM) communication and networking
software product family by its newly formed subsidiary CoreByte, Inc.
CoreByte(TM) is a user friendly browser-based enterprise-to-enterprise
networking system with the capability to share and exchange seamlessly selective
and secure information through the network and across enterprises via the
internet.
The CoreByte(TM) product line provides a complete, low-cost, enterprise
networking system. With a single interface, the end-user direclty accesses every
application necessary to manage their enterprise from basic e-mail to advanced
e-commerce. CoreByte, Inc. intends to reach its customers through relationships
with Internet service providers, and various resellers, including IT service
firms and consultants.
CoreByte, Inc. is led by John Engstrom; a pioneer of online and
accomplished enterprise groupware and e-mail service provider. Together with
Datapoint, Mr. Engstrom will leverage his considerable experience in delivering
mission critical business and enterprise software designed for an ordinary web
browser to customers worldwide.
"we are an unstoppable team capable of delivering the best package of
Internet services that people use every day," said Mr. Engstrom. "We feel our
experience gained by working closely with non-technical, small and medium sized
businesses and organizations is unmatched in this space. While most companies
struggle to provide heavy-handed solutions to only the largest enterprise
networks, CoreByte, Inc.'s decentralized marketing and distribution approach
allows unlimited scaling for organizations of any size and scope."
CoreByte(TM) is available immediately at co-hosting facilities (ISPs) or
installs in less than one day for enterprise customers maintaining their own
network. Mr. Engstrom has assembled a team of individuals that is capable of
managing CoreByte's extreme development cycle and with the intent of bringing at
least one new feature to its customers per week for the foreseeable future. Some
currently available CoreByte(TM) features include:
o Internet Virtual Private Network
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o E-mail, Calendar, Address Book, Notepad
o Groupware Folder, File and Links Sharing and Exchange
o Enterprise Wide Website Editor
o E-commerce, Slide Show
o Intelligent Instant Messaging
All new network modules and enhanced feature sets have an average
development cycle of 48 hours, and these features are immediately broadcast to
the entire CoreByte(TM) installed user-base (no software shipments).
The market for high-value webtop applications targeted to small and medium
size business is the largest in the Internet space and CoreByte(TM) is
delivering its product to ISPs and application service providers as an essential
tool to tap into the market today. CoreByte(TM) product eliminates obsolescence
and provides instant implementation at a low cost while providing maintenance
free service to the end user. CoreByte(TM) can reassonably be distributed as a
primary communication-networking tool to every individual on the Internet by
eliminating the barriers of owning and operating a virtual private network. It
has as its goal creation of the de facto standard of Internet browser-based
enterprise networking.
Datapoint is excited by this acquisition as it leap-frogs the Company into
the forefront of Internet technology that it heretofore has not been involved
in. Datapoint welcomes the CoreByte(TM) product family and its team to the quest
for great, yet simple, technology for the Internet.
With its U.S. headquarters in San Antonio. Texas, and international
headquarters in Paris, France, Datapoint is a specialized innovator in modern
networking infrastructure. Datapoint specializes in the design, integration and
maintenance of data, voice, video and networking communication solutions,
including call center, computer-telephony integration (CTI) and distributed
video conferencing products and services.
This press release contains forward-looking statements the involve
uncertainties, including, but not limited to, risks and uncertainties related to
foreign currency translations, the competitive environment and other risks.
Future trends and results may differ materially from disclosures contained in
this release.
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