ActivCard Shareholders Approve $17 Million in Strategic Private Placement Investments.Business Editors SURESNES, France--(BUSINESS WIRE)--Feb. 9, 2000 Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Inc. - $10 Million; Schlumberger Systemes - $3 Million; SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. Microsystems - $2 Million; and Business Brain Showa, Inc. - $2 Million ActivCard S.A. (EASDAQ See European Association of Securities Dealers Automated Quotation. :ACTV ACTV Active ACTV Activate ACTV Azienda del Consorzio Trasporti Veneziano (Venice Public Transport Company, Italy) ACTV Advanced Compatible Television ) announced today that shareholders have approved and the company has executed strategic stock purchase agreements with Sun Microsystems, Inc., Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. ; Schlumberger Systemes, with headquarters in Paris, France and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York; SCM Microsystems, with headquarters in Los Gatos, California “Los Gatos” redirects here. For the Argentine rock band, see Los Gatos (band). Los Gatos is an incorporated town in Santa Clara County, California, United States. The population was 28,592 at the 2000 census. and Munich, Germany; and Business Brain Showa-Inc, Tokyo, Japan. These agreements are the result of ActivCard's continuing efforts to develop relationships with strategic business partners. Pursuant to the stock purchase agreements, Sun, Schlumberger, SCM and Business Brain Showa-Inc. have agreed to subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; 582,750, 174,825, 116,550 and 116,550 shares, respectively, of ActivCard at a purchase price of $17.16 per share. In connection with the investments by Sun Microsystems, Inc. and Schlumberger Systemes, each of these companies will have the right to nominate one director for election to ActivCard's board of directors, each of which will be subject to the approval of ActivCard's shareholders. About ActivCard ActivCard S.A., a leader in digital identity and electronic certification technology, delivers core components required to enable next generation e-Business communication and transactions. ActivCard's technology suite offers the ease-of-use of an ATM transaction with a security level better than a face-to-face meeting. ActivCard's solutions, in conjunction with the applications support for public key based data confidentiality and integrity, allow individuals and businesses to perform secure online transactions over the Internet. Based on sales, we believe that today, more than 1 million people use ActivCard products for secure Internet banking, Web access and remote access to corporate networks. ActivCard has corporate headquarters in Fremont, California; Suresnes, France; and Singapore. This press release contains forward-looking statements which reflect management's best judgement based on factors currently known. Such statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those in the statements included in this press release. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. |
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