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The Seattle Times Business Digest Column.
Knight Ridder/Tribune Business News, November, 2002
The Seattle Times Knight Ridder/Tribune Business News
Nov. 20--TERABEAM PANEL TO EXAMINE ALTERNATIVES FOR COMPANY: Terabeam, one of the most well-funded private technology companies in the area, has formed a special committee of independent board members to investigate its options, including the possible liquidation of the company and a share-buyback program.
In a letter to shareholders dated Monday, Terabeam, based in Kirkland, said the committee would explore its possibilities by Dec. 1. The company also moved up its annual shareholder meeting a month to Feb. 6.
The move follows an attempt by dissident shareholder group, Friends of Terabeam, to replace five of the company's eight board members and return the company's remaining $200...
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