Is this thread dead? Has everybody sold out for a buck a share or are we all lurking and waiting to see if the price drops? Stockholders please respond!
Micron is giving us a month to cough up our shares.
Monday June 16 12:40 PM EDT
Company Press Release
Micron Electronics Inc. announces commencement of all cash tender
offer to acquire NetFRAME Systems Inc.
NAMPA, Idaho--(BUSINESS WIRE)--June 16, 1997--Micron Electronics Inc. (NASDAQ:MUEI) announced today that its
wholly owned subsidiary, Payette Acquisition Corp., has commenced an all-cash tender offer to purchase all outstanding
shares of common stock, par value $0.001, of NetFRAME Systems Inc. (NASDAQ:NETF) at a price of $1 per share.
The offer and withdrawal rights will expire at 12 midnight New York City time on Monday, July 14, unless the offer is
extended.
The offer is conditioned upon there being validly tendered and not withdrawn prior to the expiration of the offer at least that
number of shares of NetFRAME Systems Inc. that constitute a majority of the then-outstanding shares on a fully diluted
basis and upon the expiration or termination of all waiting periods imposed upon consummation of the offer by the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, as well as certain other conditions described in the
Offer to Purchase.
For additional information regarding the tender offer or for copies of the Offer to Purchase and the related Letter of
Transmittal and tender offer materials, please contact MacKenzie Partners Inc. (800/322-2885), the Information Agent for the
offer, or Montgomery Securities (800/227-4786, ext. 3076), the Dealer Manager for the offer.
Micron Electronics Inc. and its subsidiaries manufacture electronic products and provide services for a wide range of
computing and digital applications. The company develops, markets, manufactures and supports PC systems for consumer,
business, government and educational use. In addition, Micron Custom Manufacturing Services Inc., a subsidiary of Micron
Electronics Inc., provides custom contract manufacturing services to original equipment manufacturers.
SpecTek, a division of Micron Electronics Inc., processes and markets reduced specification memory components under the
SpecTek brand name. Micron Electronics Inc. common stock trades on the NASDAQ Stock Market under the symbol MUEI.
The company is majority owned by Micron Technology Inc. Product information is available by calling 800/776-4518 or via
the company's home page on the Internet at micronpc.com .
Contact:
Micron Electronics Inc., Nampa
Steven H. Laney or Denise Smith, 208/893-3900
Just left this message on the Netframe homepage:
AS a stockholder over the last several years. I would like a response to the following questions.
1. Is Netframe really only worth $1.00 / share?
2. Who besides Micron makes out on this deal?
3. Who in the corp. has large holdings?
4. Can I expect an honest response? Or any response period! I'm holding on to my shares to see what happens!
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