U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.

LITIGATION RELEASE NO. 17518 / May 14, 2002

   United States v. Keith Joon Kim, CR-01-0193 CRB (N.D. Cal.)

       KEITH JOON KIM, VENTURE CAPITALIST, CONVICTED OF MAKING FALSE
            STATEMENT TO THE SECURITIES AND EXCHANGE COMMISSION

   On May 7, 2002, following a jury trial before the U.S. District Court
   for the Northern District of California, a verdict was returned
   finding Keith Joon Kim guilty of one count of making a false statement
   to a federal government agency, in violation of 18 U.S.C. § 1001. The
   false statement was made to the staff of the Securities and Exchange
   Commission in response to the staff's questions regarding Kim's
   trading in the securities of Meridian Data, Inc. ("Meridian"). Kim's
   trading took place in the context of a March 1999 Snowmass, Colorado
   retreat of the Young Presidents' Organization ("YPO"), an
   international organization comprised of company presidents under the
   age of fifty whose members meet in small groups, or "forums," to
   discuss confidential personal and business matters with their peers.
   Meridian's CEO at the time and Kim were both YPO members who belonged
   to the "1917 Forum" and were both scheduled to attend the Snowmass
   retreat. YPO members are expected to be present at all forum meetings.
   While on board a private plane en route to the retreat, the YPO
   forum's moderator announced that Meridian's CEO could not attend the
   retreat because he was in merger negotiations with Quantum Corporation
   ("Quantum"). Immediately upon his arrival in Snowmass, Kim began a
   series of purchases of Meridian common stock -- ultimately purchasing
   187,300 shares between March 1 and March 4. Kim made his purchases
   ahead of the May 11, 1999, public announcement that Quantum would
   acquire Meridian, and thereby made a profit of $832,877 on his March
   Meridian trades.

   The indictment charging Kim with making false statements to the SEC
   alleged that Kim "falsely told the SEC that he did not know the reason
   why the CEO of Meridian failed to attend the 1917 Forum retreat to
   Snowmass, Colorado, on March 1, 1999." The jury found Kim guilty with
   regard to that allegation. The indictment also alleged that Kim
   "falsely told the SEC that he purchased Meridian shares in March 1999
   on the basis of a March 1, 1999, Wall Street Journal article regarding
   Quantum." The jury found Kim not guilty with regard to that
   allegation. The District Court set a sentencing hearing date of
   September 11, 2002, for Kim.

   (Jan. 29, 2001).
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