Be Incorporated Retains ING Barings LLC Investment Bank.Business Editors/High-Tech Writers MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--April 19, 2001 Be Incorporated (Nasdaq:BEOS) today announced its Board of Directors has engaged the investment banking firm of ING Barings LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to assist it in exploring various strategic and financial alternatives for maximizing shareholder value on a near-term basis. Such alternatives may include, but are not limited to, a merger or similar business combination, an equity investment by a strategic investor, or the sale of all or substantially all of the business or assets of the Company. Be Incorporated Board Chairman and 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. Jean-Louis Gassee said, "The Board of Directors has decided it is in the best interests of the Company's shareholders, customers and employees to actively investigate a possible sale of the Company, a significant strategic investment or similar transaction. While there is no specific timeframe, our goal is to conclude a transaction as expeditiously ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex as possible." About Be Founded in 1990, Be Incorporated is a leading developer of software solutions and related services designed specifically for Internet appliances and digital media applications. The Company's common stock is publicly traded on the Nasdaq National Market under the symbol "BEOS." Additional information on the Company can be found on its Web site at www.be.com. About ING Barings ING Barings LLC is the corporate and investment banking arm of ING Group ING Groep N.V. (NYSE: ING, Euronext: INGA) (known as ING Group) is a financial institution of Dutch origin offering banking, insurance and asset management services. ING once stood for Internationale Nederlanden Groep. , a global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. institution with total assets of over $450 billion. ING Barings operates a network of 89 offices in 49 countries, employs over 9,000 people and is a member of over 60 securities exchanges worldwide. Forward Looking Statements Statements contained in this Press Release that are not historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " including without limitation statements regarding our ability to secure a strategic partner or complete any merger, acquisition, asset sale, strategic investment or similar transaction; or the effect such transaction may have on shareholder value. Actual events or results may differ materially as a result of risks facing Be Incorporated or actual results differing from the assumptions underlying such statements, many of which are beyond the Company's control. Such risks and assumptions include, but are not limited to, risks related to the overall market condition and climate regarding such transactions, our ability to identify and gain the attention of interested parties; and the perceived value of the Company's assets. All forward-looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in Be Incorporated's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000, and other public filings with the Securities and Exchange Commission. |
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