April 29, 2003

Corporate Divestitures:
Opportunities for Investors, Private Companies and Corporate Employees
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Panel Moderator:
Wael Aburida, Sr. Manager, Investments & Acquisitions, Intel Corporation

Presenters:
James Montgomery, Chief Executive Officer, Digital Coast Partners
Rick Johnson, Chief Financial Officer, Tarari, Inc.
Kim Frank, Vice President, Mergers Acquisitions & Alliances, Cadence Design Systems
Mike O'Bryan, Partner, Morrison & Foerster
Rob Theis, General Partner, Doll Capital Management

With pressure on public companies to enhance profitability and focus on core business lines, many are looking to divestitures and spinouts as a way to streamlines businesses and enhance shareholder value. This spells opportunity for investors, private companies and corporate employees.

The technology sector in particular has seen significant efforts over the past several years to exit non-core operations. Many of the businesses being exited are those very companies acquired at the height of the bubble in 2000, when $722B was spent on technology companies in the US. These opportunities may represent an overlooked potential gold mine for investors, private companies and corporate employees.

• Investors and Private Companies: Proactive sourcing of deal flow - Where do you go and how to get access to these opportunities.
• Private Company Strategies: Buying your competition and enhancing your market presence through M&A.
• Management Buyouts: Have great technology that is not being utilized in your big company, where do you go to help take it into a new company.
• Creative deal structuring: Creating a win win situation for all parties. Equity participation for the management team.
• What to watch out for - Areas to focus on in diligence. Is this the management team to make it happen.
• What intellectual rights do you need to be successful?
• Can the investment banks help me find the deals we are looking for? - How to best leverage your advisors.
• How to spinout technology into a "Newco".

Date: April 29th
Time: Doors open at 7:30am
Panel Discussion: 8:00 am - 11:00 am
Place: Morrison & Foerster
755 Page Mill Road
Palo Alto, CA 94304-1018
Seating is Limited