Santa Cruz Operation (SCOC) Going Up? Message Board

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Technology Stocks : Santa Cruz Operation (SCOC) Going Up?

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To: Peter van Steennis who wrote (164)	9/18/1997 12:25:00 AM
From: Jatin Kadakia	of 656

Peter, Tiger and all, I agree. They mention that 3000 other publicly traded companies have such a plan instituted. I know two others and they have really gone down since. One is Novell and the other is Centura software. IBM wanted to buy Novell at around 28 (?) and Oracle wanted to buy Centura (formerly Gupta corp) for more than 12. Now no one is interested in them even if put up for sale. I have yet to find a company that has fared better as result of such a plan. In my opinion, all it does is provide means for management to attain 'golden parachutes' in case of a takeover. If SEC forced institution of such a plan to shareholders vote, I believe majority of the companies will not succeed in getting majority vote. I think their excuse of protecting shareholders is bunch of bull. All my opinions. All comments welcome. Regards, JK

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