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Technology Stocks : PRI Automation (PRIA)

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To: semi2000 who wrote (570)	12/10/1998 10:04:00 PM
From: Ian@SI	Read Replies (1) of 1214

Actually, in my jaundiced view, that seems to be what the "rights" plans tend to be about. In the event of a hostile bid, it usually takes some pretty sweet golden handshakes to convince the board to let the takeover go through. This can only lower the price the buyer is willing to pay the other shareholders - those not protected by rights plan. In any case, I took a position in PRIA because I wanted to participate in its growth during the next several years, not because I wanted a quick 20% premium over current price. (As it is, I'm still holding onto a double in less than 3 months which is vastly in excess of my expectations.) Take care, Ian.

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