Summit Technology (BEAM) Message Board

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Biotech / Medical : Summit Technology (BEAM)

BEAM 24.47

+2.9%

12:55 PM EDT

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To: HerbVic who wrote (1382)	5/28/2000 10:18:00 AM
From: Ram Seetharaman	of 1386

You are right. There is something smelly about this deal from stockholders perspective. The suitor knows a lot more about the potential of Summit's patents and technology. This buyout parallels Philips's buyout of VLSI for $ 17 cash (and later upping it to $ 21)in April 1999. Since the communications sector is booming and China has also become a market, Philips bought VLSI on the cheap. Same goes for Summit, it seems. Take your money and buy some PMTC - it is not a $ 8 stock - it is worth at least $ 20 and has no debt! Windchill's potential is barely realized.

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