Exhibit 20.1


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT


                         PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


                DATE OF EARLIEST REPORTED EVENT - MARCH 31, 1999



                                 eNote.COM, Inc.
             (Exact name of Registrant as specified in its charter)




          Delaware                      0-7349                 59-3453153
(State or other jurisdiction of       (Commission            (IRS Employer
incorporation or organization)        File Number)       Identification Number)


                                 1612 N. OSCEOLA
                               CLEARWATER, FLORIDA
              (Address of Registrant's principal executive offices)


                                 (727) 443-3434
              (Registrant's telephone number, including area code)


                                 (727) 443-5240
              (Registrant's facsimile number, including area code)


                            Webcor Electronics, Inc.
          (Former name or former address, if changed since last report)

<PAGE>

ITEM 5. OTHER EVENTS

Name Change, Reverse Split and Increase in Authorized Capital

    On March 31, 1999, the Corporation  filed an amendment to its Certificate of
Incorporation  that  (a)  changed  the  name  of the  Corporation  from  "Webcor
Electronics,  Inc." to  "eNote.Com,  Inc." (b) effected a reverse stock split in
the ratio of one (1) share of the $0.01 par value common stock of eNote.Com Inc.
("New Common") for every six and  three-quarters (6 3/4) shares of the $0.01 par
value common stock of Webcor  Electronics,  Inc. ("Old Common") currently issued
and  outstanding;  and (c) increased its authorized  capital stock to 25,000,000
shares of $0.01 par value Common Stock and  5,000,000  shares of $0.01 par value
preferred  stock.  Each of the  amendments  was  approved  at a  meeting  of the
Corporation's  stockholders  that was duly called,  noticed and held on June 19,
1998, and finalized on March 23, 1999 after several adjournments of less than 30
days each.

    No  fractional  shares of New Common will be issued in  connection  with the
reverse  split and all  calculations  that  would  result in the  issuance  of a
fractional share will be rounded up to the nearest whole number. In addition, no
stockholder who was the beneficial owner of at least 100 shares of Old Common on
the date of the Amendment,  will receive fewer than 100 shares of the New Common
in connection with the  implementation of the reverse split and all calculations
that would result in the issuance of fewer than 100 shares of New Common to such
a stockholder  will be rounded up to 100 shares.  As a result of the  amendment,
the 3,476,370  issued and outstanding  shares of Old Common will be consolidated
into approximately 540,000 shares of New Common.

   The New Common of eNote.Com,  Inc.  will be listed on the OTC Bulletin  Board
under the symbol  "ENOT" and open for  trading  on  Monday,  April 5, 1999.  All
registered holders of certificates for shares of Old Common will be requested to
forward their certificates to the corporation's  transfer agent, together with a
completed and executed letter of transmittal,  in order to receive the shares of
eNote.Com Inc. New Common of to which they are entitled.

Probable Acquisition of Subsidiaries

   On March 25, 1999, the Corporation entered into a memorandum of understanding
with Friedlander  International Limited  ("Friedlander") and the stockholders of
Navis  Technologies,  Ltd.  ("Navis")  to  enter  into  a  business  combination
transaction (the  "Transaction") in which (a) the Corporation agreed to effect a
reverse  split to reduce  its  issued and  outstanding  common  stock to 540,000
shares, more or less, (b) the stockholders of Navis  Technologies,  Ltd., agreed
to  contribute  all of their  interest  in Navis to the  Corporation  solely  in
exchange for 8,000,000  shares of common stock,  (c)  Friedlander  International
Limited agreed to contribute  $5,000,000 in cash to the  Corporation in exchange
for 5,000,000  shares of convertible  preferred stock and 2,000,000 common stock
purchase warrants;  (d) the Corporation agreed to issue 540,000 shares,  more or
less, of common stock to certain  persons  designated by Capston Network Company
in  accordance  with  a  plan  of  reorganization  previously  approved  by  the
Corporation's  stockholders;  (e) the Corporation agreed to issue 270,000 shares
of registered  common stock to legal counsel for the parties as compensation for
services;  and (f) the Corporation  agreed to issue a total of 650,000 shares of
registered common stock to certain financial consultants and other professionals
as compensation for services  rendered to the Corporation in connection with the
negotiation and implementation of the Transaction.

   The preferred stock issuable to Friedlander International Limited will have a
liquidation  preference of $1 per share, or $5,000,000 in the aggregate,  and be
convertible into Common Stock on a share for share basis,  subject to adjustment
for certain post closing stock issuances.  The warrants  issuable to Friedlander
International Limited will be exercisable for five

<PAGE>

years from the date of  issuance  at a price of $1 per share,  and be subject to
voluntary  redemption  by the Company at a redemption  premium of $1 per warrant
over the spread  between the exercise  price of the warrant and the market price
of the Common Stock on the redemption date.

   Taking  all of the  foregoing  into  account,  there  will  be  approximately
10,000,000  shares of Common  Stock,  5,000,000  shares of  Preferred  Stock and
2,000,000  warrants issued and outstanding upon closing of the Transaction.  The
closing  of the  Transaction  is  subject  to  negotiation  and  execution  of a
definitive  business  combination   agreement  containing  customary  terms  and
conditions  and the  filing  of a Form  S-8  Registration  Statement  under  the
Securities Act of 1933 for the shares of Common Stock issuable to Capston, legal
counsel and the financial consultants.  The closing is expected to take place on
April 2, 1999, or as soon thereafter as practicable.

   After  completion  of the  Transaction,  the  Corporation  will  finalize the
development and commence commercialization of a proprietary "tvemail" technology
developed by Navis and eNote  Communications.  The tvemail system is designed to
serve as a low cost internet  alternative for  residential  customers who desire
access to  e-mail  and other  on-line  services,  but wish to avoid the cost and
complexity of a PC or network  computer  based system.  The tvemail  system will
link  client  servers  owned  by  the  Corporation   with   inexpensive   remote
communications  interfaces that are connected directly to residential customers'
existing televisions.  The in-home equipment includes a communications interface
and  wireless  keyboard  which  will,  in tandem with the  Corporation's  server
system,  give an  end-user  easy access to e-mail,  news and a limited  array of
online  services.  The  tvemail  system is  expected  to be  significantly  less
expensive than any available  alternative,  including  network computers and Web
TVT, and the  Corporation  intends to provide both the in-home  hardware and the
requisite  on-line  service  to  end-users  for a  fixed  monthly  fee  that  is
comparable to the monthly fees charged by low-cost internet service providers.


ITEM 7. Financial Statements and Exhibits

 (c)    Exhibits.

        3.1 Amendment to the  Certificate of  Incorporation  of eNote.COM,  Inc.
        (formerly Webcor Electronics, Inc.) dated March 24, 1999

        4.1 Specimen Certificate for shares of the Corporation's $0.01 par value
        Common Stock


                                   SIGNATURES

    Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

eNote.COM, Inc.
March 26, 1999


By: /s/
   ---------------------------------------
   Sally A. Fonner, Chief Executive Officer