IVI Checkmate Corp. has agreed to buy the shares it doesn't already own
IVI Checkmate, the third-largest supplier of point of sale terminals,
The deal is expected to close within three months.
National Transaction Network, which customizes and integrates point of
"We decided to take them private because NTN was losing money year after
National Transaction Network lost $82,000 in the first quarter, a 44%
Mr. Neubert said the company has had trouble delivering software systems
"They just couldn't get on their feet without a reorganization," he
National Transaction Network is based in Westborough, Mass. IVI
IVI Checkmate has also struggled in 1999. In March it halted shipments
The problem has been corrected, but the delay contributed to a net loss
Steven Shook, an analyst at Wachovia Securities in Charlotte, N.C., said
He rates it "neutral" and is holding off recommending the stock until
"I think they have a very competitive product line, and they have
IVI Checkmate's stock was trading at $3.6875 at midafternoonThursday,
Hypercom Inc. and Verifone are IVI Checkmate's two major competitors in