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Technology Stocks : BAY Ntwks (under House)
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To: Paul Fine who wrote (6612)6/17/1998 1:10:00 AM
From: StockMan   of 6980
 
Paul,
Re -- How could House et al fulfill their fidicuary responsibilities by turning down an offer that was within 10% of the 52 week high,

Wonder if House et al would have accepted the offer, if he was not offered the presidents job ( we will never know this will we). Actually he may have failed his fudiciary duty, by not courting other suitors.

Furthermore, most companies (DEC) sell out after establishing a couple of good Q's, if Bay had a good Q, then the price of 38 may have stuck.

Its also unclear, if Bay broken up would not have ended up being worth more.

I think the whole deal stinks, was done arbitrarily without careful consideration and working out the details before communicating it to the street. I suspect that House's tenure at NT will be limited.

THIS SAYS A LOT OF WHAT THE FUTURE WILL HOLD FOR NT. I for one wont hang around.

The market valued it for what it is a bunch of promises with no clue on what to expect.

Stockman
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