Cymer for sale? Or are we experiencing another sort of manipulation?
Been away from the board for a while, but wanted to share this with everyone. It's from the Motley Fool on Friday afternoon.
206.251.31.18
You might wonder "Why is Cymer so cheap?"..well, when one loses one's investment bankers' support, we found out what happens (and so did you).
On a recent trip to New York City, our tall friend was, shall we say, "doing some talking" of a different kind with several investment bankers, including (surprise, surprise) Morgan Stanley.
There are already three (3) potential buyers of the company. Oops, did I say that? Oh, well. No one can trace me, I'm using a third-party mailer through an "anon ftp" in Denmark anyway. And the price....upper-40's, of course. Got to keep those convertible debenture holders happy. They wouldn't like an offer below $47 (strike/conversion).
And what about Cymer employees? Although 99% don't know, 1% do. And they are thrilled. Why, with
the options most of us have, we can retire in lovely La Jolla as soon as the deal is finalized and be
shopping 'till we drop at Horton Plaza every day. I'm looking at a nice 60's house in Point Loma myself.
Why would the "A" man sell? How many reasons do you need?....millions of dollars, a golden parachute,
the chance to do some operations work without distraction?
Anyway, don't dispair, Atkins and company will be working for someone else real soon, with out
worrying about investor relations, dumb bankers, stupid analysts, or pesky shareholders who keep calling
him.
And what do I stand to gain by telling you? Another good question. My sincere wish is to nail short sellers
to the wall. They have made our lives miserable and destroyed our market capitalization long enough.
While I'd rather catch them unaware on a Friday, one hour before the market close at 12 PM, I know we
have some loyal investors who are getting impatient and have stood by us since the IPO. I am tired of
thinking that you have lost money and are losing faith in us. Believe me, all rumors are false, we have a
great product whose "time has come", and we will do even better once we are under the umbrella of a
larger company. It's just too hard to go it alone on the NASDAQ without bank support and hostile
analysts. |
