Subject: [US-staff] Confidential heads up...
Date: Thu, 11 Jan 2001 20:31:26 -0800
From: Paul Thomas
As i've said many times in the past, one of the jobs of the CEO is to increase shareholder value. One of the ways of doing this, is to find partners for acquisitions or mergers. As part of this, we are constantly in discussions with other companies in our industry. The vast majority of these discussions never result in any substantial relationship or agreement. Our discussions with LinuxCare however have become more serious, and have resulted in the signing of a LOI (letter of intent). A LOI merely states that both companies will make best efforts to reach a definitive agreement.
The boards and management teams of both Turbolinux and LinuxCare believe we have very complimentary strengths, that together make us much stronger as combined companies.
i know you each have lots of questions. Unfortunately because we are still early in the discussions, and don't yet have a final agreement, i don't have all the answers. i will do my best to answer your questions early next week when we have a company meeting. Until then, please stay focused on the business at hand. The one thing i can guarantee is that these things always take longer to complete than staff you think they will (or should).
Thanks in advance for your support and understanding.....paul"