On November 27, 2002, Registrant sold 4,409,560 shares of its restricted Common Stock to Berg & Berg Enterprises, LLC, an affiliate of Carl Berg, a director and stockholder of Registrant, in a private placement transaction exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended.
Reference is made to the press release of Registrant issued on December 2, 2002, which is incorporated herein by this reference. A copy of the press releases is attached to this Form 8-K as Exhibit 99.1.