SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Amati investors
AMTX 1.730+2.4%Nov 28 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chemsync who wrote (29291)11/23/1997 10:38:00 PM
From: Susan Clutts  Read Replies (5) of 31386
 
To All:

Venting some frustration. Know this will do no good, but just sent the following to AMATI and TI. Perhaps if others do the same they may take notice.

"I have owned ICOT/AMATI for more than nine years. My basis in the stock is $2.00 per share. I have been a loyal stock holder for many years through good and bad times. I am not upset with the recommendation of accepting $20 per share. I am not thrilled with the all cash offer instead of a sock swap, however I accept the cash and will go forward. The purpose of this letter however, is to voice my dismay and dissatisfaction of having a forced sale of my stock and that the sale take place almost immediately and terminate just prior to the end of the year.

The AMATI stock is asizable part of my portfolio. The capital gains tax is considerable in that I have not had an opportunity to plan for the tax consequences, not to mention the penalties and interest I may incure from not estimating my taxes properly. Westell has had a relationship with AMATI for thirty days and received $13.5 million. I have been with AMATI nine years. Is it to much to ask that the tender offer be extended 10 days to allow at least some degree of fair play to minority share holders?"
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News