The investor group has triggered the talks via a letter toNetpliance's board of directors. John F. McHale, Netpliancechairman, CEO and co-founder is part of the investor group, whichowns 31,205,185 shares or approximately 52% of Netpliance's commonstock.
Netpliance's board of directors will form a committee ofindependent directors to consider the investor group's proposal.Netpliance provides infrastructure products and managed servicesfor next-generation premium residential IP voice, video and dataapplications.
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