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Technology Stocks : WAVX Anyone?
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To: Norman Klein who wrote (5759)3/2/1999 4:33:00 PM
From: andrew peterson   of 11417
 
Here's the quote, from the TWST interview (any typos are mine):

TWST: The general trend we've seen in this industry is that small guys with great ideas tend to get gobbled up. Is that likely to happen to you?

Mr. Sprague: Not likely. We have class B common stock out there with five times the voting rights than the class A common stock. That doesn't mean someone couldn't acquire us, but it does mean that they couldn't do it overnight.

TWST: Would it have to be a friendly deal?

Mr. Sprague: It would have to be a friendly deal. We both know that if somebody offers us an outrageous percentage over the market and we turn it down, we are liable to our shareholders. We have an obligation to our shareholders, but our capital structure keeps an unfriendly offering from happening easily. And if we turn out to be correct, we're playing in a very large arena. Right now we have a very small market valuation.
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