An SEC filing reveals that TearDrop "wouldn't have
received a new" $28M financial package from Congress
Financial in January if CEO Rudy Slucker "hadn't personally
guaranteed a portion of the loan," according to GOLF WORLD
BUSINESS. The filing revealed that Slucker "loaned the
company $500,000 (on top the $500,000 he loaned the company
in March '99) and personally guaranteed" 50% of a $4.5M term
loan. Overall, Slucker is risking $3.25M of his own money.
To "reward" Slucker, TearDrop's BOD has proposed granting
Slucker 1.5 million shares in stock options priced at $1.375
per share (GOLF WORLD BUSINESS, 3/21).
REPLAYTV INVESTMENT: News Corp. and Paul Allen's Vulcan
Ventures are among "more than" a dozen companies that have
invested $84.9M in interactive TV group ReplayTV. The
investments "mark the biggest round of financing to date for
ReplayTV" (HOLLYWOOD REPORTER, 3/23).
NOTES: SFX Entertainment's eSuperstars entertainment-
services unit has "merged" with sports and entertainment
auction company aBid4Charity to create a company called
eSuperstars.com (WALL STREET JOURNAL, 3/22)....CBS
MarketWatch's Jon Friedman profiled Fogdog and wrote that
the company, "like many Internet companies, ... offers lots
of potential. It has in its favor what seems to be a solid
business plan and financial backing from Nike." But
Friedman noted that Fogdog's stock has been low [it closed
Wednesday at 7 5/8, up 3/4. Its 52-week high is 22].
Fogdog President Tim Harrington: "I don't check the stock
price all that much -- it's a long-term play." Friedman:
"In any event, Fogdog clearly has work to do before it truly
catches the eye of shoppers" (CBS MarketWatch, 3/20).
