Microport Buyout ( was: Microport Status )

[Eric Schnoebelen]

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