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TELETECH CORPORATION, 1996

Raiders Dials Teletech
Wake-up Call Needed Says Investor

New York (AP)---The reclusive billionaire Victor Yossarian has
acquired a 10 percent stake in Teletech Corporation and has
demanded two seats on the firm’s board of directors. The purchase was
revealed yesterday in a filing with the Securities and Exchange
Commission, and separately in a letter to Teletech’s CEO, Maxwell
Harper. “The firm is misusing its resources and not earning an
adequate return,� the letter said, “The company should abandon its
misguided entry into comput-ers, and sell the Product and
Systems Segment. Management must focus on creating value for
shareholders.� Teletech issued a brief statement emphasizing the
virtues of a link between com-puter technology and
telecommunications.

TELETECH CORPORATION, 1996

Margaret Weston, Teletech’s chief financial officer, learned of
Yossarian’s letter......

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Approximate Word Count: 3074
Approximate Pages: 13 (250 words per double-spaced page)

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