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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST
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To: SBHX who wrote (13383)7/17/1999 7:48:00 PM
From: SBHX  Read Replies (1) of 14577
 
Is the Diamond purchase done by issuing new shares?

Have to rethink this one properly. I forgot one thing.

If new shares are issued. In Dec 98, Diamond has about 35M shares. 0.52*35M= 18.2M shares. 18.2M new shares would severely dilute existing 57M shares 18.2/57=32% new shares, that's not very good. Wonder if Rioport sale will fetch enough cash to at least make the dilution bearable?

I sure hope SIII uses some of that UMC shares to complete the DIMD acquisition, and not issue new shares... But UMC is down quite a bit (14%?) since that mini crisis started. The timing's gonna be tricky.
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