On  Tue, 24  May 1994  10:27:46 EDT  Ed Fair  <[log in to unmask]>
said:
 
>if your board  members are committed to l-soft then  they shouldn't have
>any problem identifying themselves. they  also shouldn't feel obliged to
>publish their addresses.
 
From the name,  one could deduce an  e-mail address in a  few minutes. If
you look at small  to medium businesses in the real  world, you will find
that a lot of them are owned by a handful of people, that the owners want
to get involved in defining the company's strategy, but that they may not
care to have their names published. When the company is large enough, the
shareholders can  simply have  the company hire  a director  to represent
their  views at  the board  (and dismiss  him if  he forgets  why he  was
nominated). In a  small company the shareholders have  to represent their
views themselves.
 
>more fundamentally: is l-soft privately  held, and is l-soft planning to
>remain privately held? what role does your board of directors play?
 
L-Soft does not plan to sell shares on the public market, if that is what
you meant. There is no business reason for us to do so at the moment. The
board of directors defines the company's long-term strategy and makes all
decisions of strategic  import, leaving the day-to-day  management to the
employees. The board discussed  the CREN/L-Soft contract, interviewed new
employees,  is reviewing  the resumes  of  people who  are applying  now,
decided on the relative priorities of  the VMS and unix developments, and
so on.
 
  Eric