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) May 17, 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.)
4 rue d'Aguesseau 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
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events
On May 17, 1999, the registrant and Datapoint International, Inc., a
wholly-owned subsidiary of the registrant, entered into a letter of intent to
sell its European operations. The registrant also announced that it had
previously entered into a letter of intent to acquire S.F. Digital and
Corebyte(TM) product family. The registrant issued a press release on May 17,
1999 relating to such transactions which is attached hereto.
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: May 19, 1999
By: /s/ Phillip P. Krumb
Phillip P. Krumb
(Acting Chief Accounting Officer)
<PAGE>
EXHIBIT INDEX
(99) Press Release of Registrant
<PAGE>
(EXHIBIT 99)
NEWS RELEASE
Contact: Sharon P. Riggs
Investor Relations
Datapoint Corporation
San Antonio, TX 78229
(210) 593-7901
Datapoint Enters Into
Letter of Intent to Sell European Operations
Paris -- (May 17, 1999) -- Datapoint Corp. (DTPT) announced today that it and
its wholly-owned subsidiary, Datapoint International Inc., have entered into a
Letter of Intent to sell its European operations for $49.5 million plus the
assumption of certain liabilities to an investor group headed by Blake Thomas,
the President of the Corporation, and which includes key European management
employees and Aim High Enterprises, of Braintree, Massachusetts. The acquisition
is contingent upon certain conditions including acquisition financing, the
negotiation of definitive purchase documentation, necessary governmental and
third party consents, and the completion of due diligence.
Datapoint previously has entered into a Letter of intent to acquire S. F.
Digital and the CorebyteTM product family. CorebyteTM, the core product of S. F.
Digital, provides a cost effective, comprehensive, and innovative network
solution for corporations with large data management requirements, public and
private institutions, and internet service providers. CorebyteTM has the
essential software tools for reaching a majority of internet-connected
computers, with the advantage of full participation in the rapidly growing
internet economy. By embracing industry standards as opposed to trends,
CorebyteTM offers a powerful universal networking solution. The acquisition is
subject to completion of due diligence and approval by Datapoint's Board of
Directors.
Asher Edelman, Chairman of the Board, Datapoint Corporation said: "1 am
pleased that Datapoint, whose technology significantly contributed to the
computer network is entering the internet arena with the best of breed
networking solution. We see an opportunity to penetrate multiple industrial and
consumer sectors, with the CorebyteTM product set and Datapoint's global
marketing reach. Blake Thomas and I have begun to explore the possibility of his
group becoming a European distributor of the CorebyteTM virtual network."
With its U.S. headquarters in San Antonio. Texas, and international
headquarters in Paris, France, Datapoint specializes in the design, integration
and maintenance of data, voice and video communication solutions, and the
Company markets products and services in 40 countries worldwide. Datapoint has a
rich history of developing, designing and implementing leading-edge
communications technologies, 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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