Return-Path: Received: from EDRC.CMU.EDU by K.GP.CS.CMU.EDU id aa00943; 16 Mar 94 23:35:07 EST Received: from hpcwire.ans.net by EDRC.CMU.EDU id aa00762; 16 Mar 94 23:34:44 EST Received: by hpcwire.ans.net id AA26697 (5.65c/IDA-1.4.4 for bovik@cs.cmu.edu); Wed, 16 Mar 1994 20:32:59 -0800 Date: Wed, 16 Mar 1994 20:32:59 -0800 From: Automated Mailer Message-Id: <199403170432.AA26697@hpcwire.ans.net> To: bovik@cs.cmu.edu Subject: HPCwire NEWS FLASH HPCwire NEWS FLASH March 16 KSR SETTLES SUIT AS CEO KOCH UPS ANTE BY $25 MILLION ============================================================================ William I. Koch, chairman and CEO ad interim of Kendall Square Research (KSR), announced today that Kendall Square and other defendants will pay over $5 million to settle a stockholder suit as CEO Bill Koch adds $25 million to his commitment. This will give him a 47 percent stake (a total of $65 million) in KSR, whose estimated 1993 revenues may fall below $15 million. Koch is perhaps best known for his successful defense of the America's Cup in 1992. Full details in Norris Parker Smith's analysis in tomorrow's issue (Friday) of HPCwire.