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Show The Salt Lake Tribune BUSINESS Friday, N fay 21, 1999 BaLERSs! BR. SSRSRL: =sB rdutCom26 ant12s roa DILBERT dly contacted him dea ‘scottademe® aol com SSS My DATE TRIEO TO | | RUN AWAY, BUT I — | | ATTACHED A TRACKING UNETO HER COAT COMPROMISE A SPY | SATELLITE AND A | RADIO NETWORK. } and Sushatoldclients, suppliers insurance companies and others about Zuro’s investigation and ar andoffered a rato, an expert witness for the state. described himself as he key to the prosecution's case.” and said “if Zuro would rest, Icon Makes Dealto Restructure Debt wrongdoing, instead of implicat the lawsuit charges. Naccarato outlined theplanfor Susha to join himin an auto glass business, the rit said. In a taped ‘onversation with N Nacearato in January. Susha con rmed that scenario, the lawsuit alleges @ Continued from C-1 Naccarato’s conversations with Zuro and Sushawere both record Fonix Reports Steep Loss for The First Quarter @ Continued from C-1 line Lernout & Hauspie sells a line of voice-recognition produc aimed emergency medical and pathology laboratories that can be usedto help physicans transcribe their notes in “real time Articulate’s system uses batch processing that requires that notes be manually corrected, he said The purchase is expected ‘o close by July 30 In its quarterly filing with the US. Securities & Exchange Com mission on Thursday, Fonix also said Stephen Studdert, who stepped down as chief executive officer in February, resigned as chairman on April 30. He remains on Fonix's boardof directors should be granted, and thestatus of the previously sealed records Chadwick, representing The San Jose Mercury News. argued the software firms have a narrow right to protect true tradesecrets. The companies should be re. quired to show how they would be damaged if specific information were madepublic, he said Boyce disagreed, saying the companies havea broader rightto keep private proprietary information, and sometechnical and economic data, to protect their business The news r ing thepublic. dia, while inform “has the power to destroy, Boyce said. “They can destroy reputations they can de stroy products: they can put people Gat of business companies are now filing briefs, and supporting evidence aimed at determining which claims will proceedto trial. They have been filed publicly, with some redactions and about 40 But the company faces balloon paymentsin the next few years on Chadwick said the newspapers and Bloomberg News were satis fied with the outcome of Thurs- chned to comment beyond the lawsuit about $195 million in bonds. Stevens said he could not com ment on whether Icon had the money to make those payments day's hearing “The judge's order in February has already done a lot to prevent the wholesale sealing that was going on,” Chadwick said Glass Supplier Sues, Alleges Scheme by Rival @ Continued from C shouldbefiled Sushafinally tried the Utah At torney General's office, the suit somniacs. is already out,” Boyce said Microsoft attorney James Jar Skordas. Zuro denied the allegations. His dine said the companies arestill MayBe Opened exhibits may beunsealed. Jardine agreed to provide the news media with a list describing the previ ously sealedrecords. to allow the media to decide whether toc negotiating over whichof the 40 ed by practical concerns, he or dered the companies to request permission from him before filing new documents under seal It's a big pain in the rear — Thu sday, attorney James Chadwick said the ews media had two remaining con cerns: the standard Boyce uses tc decide whether permission to seal structuring S&P said Icon’s earnings before interest, taxes, depreciation and The lawsuit seeks unspecified ages. It includes counts of piracy to violate Zuro’s civil rights, malicious prosecution and amortization werenot coveringits interest payments. It was unclear whether S&P’s analysis included the pending balloon payments interference with economicrel; tions. Thesuit alleges Naccarato Attempts to reach S&P analysts year under a revolving line of credit. Stevenson said renewing thecredit line is part of the pro- posed debtrestructuring We are in discussions with the banksright now.” hesaid Under the proposed debt re structuring @ Bain Capital and membersof existing management will invest $40million in the company @ Investors holding about $100 million in bondsthat pay13 percent will receive $40 million in cash, new bonds that pay 12 per centinterest and warrants to buy upto 4.3 percent of the company Warrants give an investor the right to buy commonstockata set price for a numberof years @ Investors holding about $100 million in bonds that pay 15 percent will receive 6 percent of the commonstock in the company investors holding about $95 million in bondsthat pay 14 per. centwill receive2 percentof commonstock in the company “THE BEST VOLVO WE'VE EVER DRIVEN.” anoames “THE BEST MAGAZINE WE'VE EVER READ.” wherethe old molding wasused. said his defense attorney. Greg lawsuit notes the charges alleged overcharges of approximately $8,500 over a four-year period. when his revenues in 1994 alone were more than $3.2 million. Last December. while the charges against Zuro were pend. ing, competitor Naccaratoalleg. WAS vO a ee Pr EeTET Winner, 1999 Zagat for the clerk's office to have stick all those sealed Secamaaks in the sealed room. Boycesaid Since then, the number of sealed filings has significantly becauseof the proposed debt re The credit rating agency also in bank loans coming due this new windshield moldingsin cases ® Continued from C-1 volume of sealed filings Motiva The suit said Zuro played the tapes for Assistant Atty. Gen. Da vid K. Gardn who dismissed the fraud char against Zuro on March 31 wereunsuccessful said Icon has nearly $151 million said, which charged Zuro with two counts of communications fraud The charges alleged Zuro was charging insurance companies for Sealed Files To News Media lengespecific sealings ed on videocassette tapes. the suit said. Zuro andhis attorneys de sealed exhibits With those filings, most news worthy information, “unless you wereprinting something for in- aiming to destroy Nation. de’s business loan’ Naccarato $35,000, his tes timony would clear Zuro of any ing him,” eek s 8 BB’ Seeez (-..S0,IF NEXT | WEEKEND IS (GOOD, NOD ONCE "www. diibert.com “ae NOW ILL JUST National Restaurant Survey Memorable Dining For A Memorable Occasion. RESERVATIONS: EATS AND AN AKER we EVER B WHATEVER THE REA THE $80'S 20! HORSEPOWER TREWENTS LiKE THE FACT THAT THESE pur CONCUR see, “=, GKen Garff Volvo [inci 525 South State -521-6111 |
