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Re: chuckerfmfla post# 37215

Friday, 06/23/2006 10:53:19 AM

Friday, June 23, 2006 10:53:19 AM

Post# of 92056
Good Morning Chucker. Tom Mitchell actually presented the news himself that the HISS/ActSoft merger was "postponed" for now. He didn't actually say the deal was dead. Personally I think he overestimated his value to HISS and with the CT starting to take off the BOD realized this and decided not to go forward with the acquisition/merger. I think old Tom wanted to retire off of HISC instead of ActSoft and the BOD wasn't willing to give him what he wanted.