View Tech OKs Merger

By Karen Kaplan

Dec. 3, 1999 12 AM PT

View Tech Inc., a Camarillo-based maker of equipment for video, voice and data communications, agreed to be acquired by All Communications Corp. of Hillside, N.J., in a $138-million stock deal. All Communications sells voice and videoconferencing communications systems. The combined firm, to be called Wire One Technologies, will be based in Hillside. About 70 of View Tech’s 160 employees are in Camarillo, but only a handful of layoffs are expected, said Douglass Hopkins, View Tech’s chief executive. All Communications will issue about 2.9 shares of its stock for each share of View Tech, giving View Tech’s shareholders 30% of the combined company. Shares of View Tech fell 19 cents to close at $2.19 on Nasdaq Thursday. All Communications dropped 25 cents to close at $6.03 in over-the-counter bulletin board trading.

For the record:

12:00 a.m. Dec. 4, 1999 For the Record
Los Angeles Times Saturday December 4, 1999 Home Edition Business Part C Page 3 Financial Desk 2 inches; 46 words Type of Material: Correction
View Tech--A merger agreement between Camarillo-based View Tech Inc. and All Communications Corp. of Hillside, N.J., was incorrectly described in Friday’s newspaper. View Tech will issue about 2.9 shares of its stock for each share of All Communications stock, giving the deal a value of $30.3 million based on Friday’s trading.

Technology and the Internet

Karen Kaplan

Karen Kaplan covers science and medical research for the Los Angeles Times. She has been a member of the science team since 2005, including 13 years as an editor. Her first decade at The Times was spent covering technology in the Business section as both a reporter and editor. She grew up in San Diego and is a graduate of MIT and Columbia University.

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For the record:

12:00 a.m. Dec. 4, 1999: For the Record
Los Angeles Times Saturday December 4, 1999 Home Edition Business Part C Page 3 Financial Desk 2 inches; 46 words Type of Material: Correction
View Tech--A merger agreement between Camarillo-based View Tech Inc. and All Communications Corp. of Hillside, N.J., was incorrectly described in Friday’s newspaper. View Tech will issue about 2.9 shares of its stock for each share of All Communications stock, giving the deal a value of $30.3 million based on Friday’s trading.