Banyan and MS get it together

After a troubled few years, Banyan, which once ruled the roost in name services on networks, has now agreed to team up with Microsoft to provide similar services for Bill Gates' customers. Banyan will receive a total of $10 million from Microsoft over a three year period and the deal means that 500 professional people will be trained up, and also provide marketing and product support. In return Microsoft is to buy nearly two million common stock Banyan warrants, according to today's issue of the Wall Street Journal. Each is worth $10. ®