Acacia Research Names Michael Mendelsohn, Former GO.com Executive, as Vice President, Operations, Acacia Launchpad.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--April 4, 2000 Acacia Research Corporation (Nasdaq/NMS:ACRI) announced today that it has named Michael Mendelsohn, former Vice President, Finance and Planning at GO.com, as Vice President, Operations, Acacia Launchpad. "Michael brings an exceptional level of senior Internet management experience to Launchpad," said CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President Paul R. Ryan. "His expertise in developing and implementing both strategic and operating plans will greatly benefit new companies incubated within Launchpad. We are extremely pleased to have Michael join our management team." At GO.com, Mendelsohn led a team of 25 responsible for strategic planning and financial analysis for Disney.com, ESPN.com, ABC News.com, The Disney Store.com and GO.com. Mendelsohn was a key participant in Disney's merger with Infoseek and the GO.com spinout spin·out n. An instance of spinning out: a motorist who was injured in a spinout. . His previous position with the Walt Disney Company was Senior Manager, Strategic Planning at Disney Consumer Products. Prior to his career at Disney, he held the positions of Director, Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and Analysis at The Leslie Fay Companies; Manager of Corporate Planning with the Gitano Group; General Manager with Stephen J. Feron, Inc.; and a Financial Analyst with Goldman, Sachs and Company. Mendelsohn holds a B.A. from the Johns Hopkins University Johns Hopkins University, mainly at Baltimore, Md. Johns Hopkins in 1867 had a group of his associates incorporated as the trustees of a university and a hospital, endowing each with $3.5 million. Daniel C. and an M.B.A. from the University of Chicago, Graduate School of Business. About Acacia Research Corp. Acacia Research develops and operates Internet and technology-related businesses as well as acquires strategic positions in other companies. Acacia Research's majority-owned subsidiaries include: Acacia Launchpad LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Internet incubator), CombiMatrix Corporation (biochip biochip Small-scale device, analogous to an integrated circuit, constructed of or used to analyze organic molecules associated with living organisms. One type of theoretical biochip is a small device constructed of large organic molecules, such as proteins, and capable of technology), MerkWerks Corporation (software development), Soundbreak.com Incorporated (music broadcast and lifestyle Internet site), and Soundview Technologies Incorporated (v-chip technology). Significant minority-owned affiliates include: The EC Company (b2b eTransactions), Greenwich Information Technologies LLC (video and audio-on-demand technology), Mediaconnex Communications (b2b e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. ), and Signature-mail (personalized e-mail service). Acacia Research's web site is located at http://www.acaciaresearch.com. This release contains forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements address future events and conditions concerning the company's business plans. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties, such as future economic conditions, changes in consumer demand, legislative, regulatory and competitive developments, and other circumstances affecting anticipated revenues and costs which may cause actual results to differ materially. Acacia Research urges investors to review in detail the risks and uncertainties disclosed in the company's filings under the Securities Exchange Act of 1934, as amended, including, but not limited to, the company's quarterly report on Form 10-Q Form 10-Q See 10-Q. for the period ended September 30, 1999, and the company's Registration Statement on Form S-3/A filed on February 7, 2000, copies of which can be obtained from the company or the Securities and Exchange Commission. The company expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein. |
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