Microport Buyout ( was: Microport Status )
Eric Schnoebelen
eric at egsner.UUCP
Fri Apr 7 09:41:49 AEST 1989
In article <310 at feedme.UUCP> doug at feedme.UUCP (Doug Salot) writes:
-
-In article <96729 at sun.Eng.Sun.COM> plocher at sun.COM (John Plocher) writes:
-> I tried to obtain the legal rights to Microport's driver source
-> before I left, but because of SEC regulations about insider trading
-> I would have had to pay "full asset value" for them, and I didn't
-> have the ~$250K that it would have taken. :-(
-
-I might be willing to contribute a few $K and some engineering resources
-if someone were to negotiate a Microport buyout and form a limited
-partnership. A global support network comprised of Microport users,
-anyone?
And in article <292 at visenix.UUCP> beattie at visenix.UUCP (Brian Beattie) [
following up to the above ] writes:
-
-I might be able to do likewise.
-
Well, folks, I have been thinking about doing just such a thing.
The only problem is that I have only the barest knowledge about how to
do such a thing. The things that I do know are:
1) To get the capital to finance such a purchase ( on the order
of a couple million, trying to find out exactly how much right now ), We
would also need a well defined pre-existing team, with proven records in
a field like this ( e.g. operating systems ) as well a good management
team. [ I'm a good programmer, and I love playing with operating
systems, but I don't know beans about management.. ]
2) The buy-out could be leveraged/phased in. What that means is
that we wouldn't have to put all of the purchase price out up front, we
could pay for the company over a period of a two or three years. To do
this, it needs to be a friendly purchase, and this may not be possible
with a company in Chapter 11 bankruptcy.
The problems/questions are:
1) where do we get the "known" names on the technical team?
2) where do we get the capital? ( presumably from
ourselves/venture capitalists )
3) What do we do with once we have it? ( I was thinking of
purchasing the name, and all the licenses that Microport has, and moving
it to Dallas, since that is where I am currently, but what about the
current employees, etc )
4) How and where do we set up the parent corporation? ( again,
I was thinking Texas, but that's because I am here... )
Comments anyone?
--
Eric Schnoebelen
egsner!eric at texbell.swbt.com ...!texbell!egsner!eric
egs at u-word.dallas.tx.us ...!killer!u-word!egs
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