BLUE WAVE SYSTEMS-BWSI A comer in telecom Message Board

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Technology Stocks : BLUE WAVE SYSTEMS-BWSI A comer in telecom

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To: John F Beule who wrote (158)	3/30/2001 9:10:00 PM
From: Christopher Brainard	Read Replies (1) of 170

John, I have a different take on the situation. My understanding is that the minimum price for Blue Wave has been set at $135 million. If MOT stock price is below $20, the conversion ratio of .39 will be adjusted upward to where BWSI shareholders will get $135 million in MOT stock. This is not an option where BWSI must beat MOT over the head to get. If MOT decides not to pony up the extra shares, the deal is dead. I see no reason for MOT to walk away from this deal. To them the purchase is chump change. They are buying BWSI for technology at a very attractive price. I believe the deal will go through. I sold some shares the day the deal was announced at $8 and then again when the stock rebounded from the first selloff at around $7.40. I have started buying shares back on dips to around $5.85. I either make a 30% profit in a couple of months or I get Blue Wave at $5.85 for the long term returns many of us were investing to receive before MOT came along and spoiled the party. In this market, that looks like a win, win to me. Good luck. Chris ...

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