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Non-Tech : Amati investors

AMTX 1.635

+2.5%

1:28 PM EST

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To: B.REVERE who wrote (28877)	11/19/1997 12:17:00 PM
From: Michael F. Donadio	Read Replies (1) of 31386

Bruce, your point is well taken. Amati is worth at least $30. I have been in other situations like this before. I owned genetic therapy which was bought in cash by the then Sandoz Pharmaceutical. They paid DOUBLE the current asking price for genetic therapy, which had never seen that price in its existence, and though it had great potential it was not as concrete as Amati's potential is. Amati HAS been to 36, has spent a good deal of time over 20, and had been hovering close to 20 prior to the market collapse. With ADSL deployment so imminent, double from $15 to $30 is not unreasonable. I'm waiting to hear a better offer. Wouldn't the Amati patents be great for Motorola or Lucent, or Alcatel for that matter? What is going on with Motorola and their chip? I am sure that is part of the story for this fire sale. I still say no to $20 cash. How about $30 and some options to buy Westell or TI at some reasonable price in the future? Michael

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