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Technology Stocks : GTIS - Will it be a Phoenix or not ?

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To: RJC2006 who wrote (2241)7/12/1999 11:29:00 PM
From: Mahatmabenfoo  Read Replies (1) of 2319
 
> buying companies was the last thing they should have
> done. Not that their heart wasn't in the right place

You may be right, but I don't get it. When GT's stock was high, buying companies for stock was like getting them for free. At least some of those acquisitions must have looked good at the time -- weren't you high on GT yourself at the time? I'd be interested to see a list of those acquisitions, and to see which were for stock and which for cash, and which of them worked out, or may yet work out...

> combine Penthouse with Duke Nukem. Real smart move there

I didn't follow that story, but what are you saying -- that it injured the DN franchise long term (unlikely)? or that it injured sales of non-Penthouse DN in the short term (also unlikely if the Penthouse event was long after the release)? In any event, that has got to be a very small part of what laid GT so low. Something laid it low, I just don't get what...

- Charles
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