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 1.540-8.3%Nov 20 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pat mudge who wrote (30279)1/18/1998 12:44:00 AM
From: Peter Piper  Read Replies (2) of 31386
 
trumped up deadline between two card players to shaft the third?

I'm just curious what was really going on during the negotiations.
If TI handed in a written proposal a few days before Amati's deadline
to close with Westell, why did Amati rush to the alter with Westell?
And worse yet, accept a 14.7 million dollar penalty clause knowing
full well that TI was bidding a $20 (your guess) cash offer. They could have easily asked for a few days delay or request to waive the penalty clause.

Also I would like to know exaclty when the Westell deadline was
specifically agreed upon. TI is no dummy, if there was a serious
deadline, TI would have made it. They wouldn't screw up with this
much money (and technology) on the table.

Cost to Amati shareholder? Well who pays Westell the 14.7 million dollars? TI is saying they will not. If Amati shareholders have to eat the penalty and also lost 2 months worth of time for the cash they could have received earlier, that comes out to about one full buck per share. Maybe for small shareholders that may not be much, but are there any big shareholders out there that feel that a dollar per share of lost money in their pocket matters?

I suspect that management would benefit more from the Westell deal because they would stay in power. It does not seem to be the same with TI. That constitutes a conflict of interest.

Peter Piper (your inquisitive electronic plumber)
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