Cattlesale Co – ‘8-K’ for 6/15/00

On:  Wednesday, 6/21/00, at 9:55am ET   ·   For:  6/15/00   ·   Accession #:  205239-0-9   ·   File #:  1-07636

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Bankruptcy Court Approves Sale; Name Change            5     14K 

Document Table of Contents

8-K
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
 SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)        June 15, 2000           

 Datapoint Corporation
(Exact name of registrant as specified in its charter)

 Delaware                      001-07636                  74-1605174
(State or other jurisdiction   (Commission File Number)       (IRS Employer     
of incorporation)                                           Identification No.) 

 7 rue d'Anjou 75008, Paris, France;
8410 Datapoint Drive, San Antonio, TX 78229-8500
(Address of principal executive offices) (Zip Code) 
Registrant's telephone number, including area code  331-4007-3737; 210-593-7000 

4 rue d'Aguesseau 75008, Paris, France
(Former name or former address, if changed since last report)             

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Item 5.         Other Events                                                

                  On June 16, 2000,  the Registrant  issued a press  release,  a
  copy of which is attached as Exhibit 99 to this Form 8-K,  indicating  that on
  June 15, 2000, the United States Bankruptcy Court for the District of Delaware
  (Docket  Number 00-1853  (PJW))  approved the previously  reported sale of its
  European operations and certain U.S. assets to Datapoint NewCo 1 Limited.  The
sale is expected to close within thirty days.                               
                  In addition,  the Bankruptcy  Court approved the  Registrant's
name change to Dynacore Holdings Corporation.                                   

Item 7.           Exhibits                                                      
EXHIBIT NO.                                          DESCRIPTION OF EXHIBIT     
99                                                June 16, 2000 Press Release   

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 SIGNATURE

                  Pursuant to the requirements of the Securities Exchange Act of
1934,  the  registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.                                       

                                                   Datapoint Corporation
                                                  (Registrant)
Date:  June 19, 2000                                                            

                                           By:  /s/ Phillip P. Krumb
                                  Phillip P. Krumb
                                                Acting Chief Financial Officer

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 EXHIBIT INDEX

(99)    June 16, 2000 Press Release                                           

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                                    Exhibit 99 - Press Release of Registrant

Contact:                                               Sharon P. Riggs          
                                                Investor Relations
                                                San Antonio, Texas
                                            (210) 593-7901

 BANKRUPTCY COURT APPROVES SALE OF
 DATAPOINT CORPORATION'S EUROPEAN OPERATIONS
AND CERTAIN U.S. ASSETS AND NAME CHANGE TO
 DYNACORE HOLDINGS CORPORATION

San Antonio,  Texas,  June 16,  2000.........Datapoint  Corporation  (EEB:DTPTQ)
today  announced  that the United  States  Bankruptcy  Court for the District of
Delaware  yesterday  approved  the  previously  reported  sale  of its  European
operations  and  certain  U.S.  assets to  Datapoint  NewCo 1 Limited  for $49.5
million in cash, less certain adjustments,  including an adjustment in the event
that the aggregate  shareholder deficit of the European operations exceeds $10.0
million at closing (Docket Number 00-1853 (PJW)).  The sale is expected to close
within 30 days.                                                                 

         In addition, the Bankruptcy Court approved the Company's name change to
Dynacore Holdings Corporation.                                                  

         The Company intends to file a  reorganization  plan pursuant to Chapter
11 of the Bankruptcy Code.  Negotiations  have commenced  regarding the terms of
such plan with  members  of the  Committee  of  Unsecured  Creditors  previously
appointed in the bankruptcy case.                                               

         The sale of its European operations is consistent with the direction of
the Corporation to focus its efforts and resources on acquiring,  developing and
marketing  products with Internet and  E-commerce  applications.  The previously
acquired Corebyte Networks(TM) product family (www.corebyte.com) highlights this
effort.  The Corebyte  subsidiary  has  developed an  intelligent  browser-based
communications  networking  system.  With a single interface,  users of Corebyte
Networks(TM)  products  directly  access every  application  necessary to manage
their enterprise from basic E-mail to advanced group computing  tools.  Corebyte
Networks (TM) products users seamlessly share and exchange valuable information,
selectively  and  securely,   within  their   networked   community  and  across
enterprises  via the  Internet.  Companies  that  standardize  their  network on
Corebyte  Networks(TM)  products  gain  all the  benefits  of the  Internet  and
eliminate the fear of obsolescence.                                             

         Within its U.S.  headquarters  in San  Antonio,  TX, and  international
headquarters  in Paris,  France,  Datapoint is a recognized  innovator in modern
networking infrastructure. Datapoint specializes in the design, integration, and
maintenance of data, voice, and networking  communications  solutions  including
call center, and computer-telephony integration (CTI).                          

         This  press  release  and the  materials  referred  to  hereby  contain
forward-looking  statements regarding the Company's business and future plans of
operations.   When  used  herein,  the  words  "intends,"   "expects,"  "plans,"
"estimates," "projects," "believes," "anticipates," "contemplates," "represents"
and similar  expressions  are intended to identify  forward-looking  statements.
Forward-looking  statements  involve known and unknown risks and  uncertainties.
These and other  important  factors,  including those set forth in the Company's
Annual and Quarterly Reports on Form 10-K and Form 10-Q (available to the public
at  ww.sec.gov),  may  cause  the  actual  results  and  performance  to  differ
materially   from  the  future   results   expressed   in  or  implied  by  such
forward-looking  statements.  The forward-looking  statements  contained in this
press  release  speak only as of the date hereof and the Company  disclaims  any
obligation  to  provide   public   updates,   revisions  or  amendments  to  any
forward-looking  statements  made  herein to reflect  changes  in the  Company's
expectations or future events.                                                  

 #####

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		6/21/00							None on these Dates
		6/19/00		3
		6/16/00		2		5
For Period End:		6/15/00		1		2
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