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Technology Stocks : Paradigm Technology(PRDM)
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To: Rodney Doan who wrote (252)8/30/1998 2:29:00 PM
From: Ed S   of 259
 
Rodney,

Thanks for your comment. I agree that without a merger the value of PRDM for us common shareholders is in all likelihood ZERO.

With a merger the value of a PRDM current share, at date of merging, should be about 83.4 cents. This is based on the fixed 10 day closing average through July 31. With the reverse 15-to-1 split a share of PRDM renamed IXYS would be about $12.5 dollars. There needs to be the reverse split for the merger to occur. If one believes that the stock will go down after the merger, then that person could sell it after the merger (or after it has been approved).

This has been a horrible investment for many of us and I can sympathize with people's frustration and anger. I am very annoyed with myself for ever purchasing PRDM shares. But even so, I have come to realize that we need to vote YES for the merger, the reverse 15-to-1 split, the increase in the number of shares, and the name change to IXYS. Although PRDM has been a horrible investment, 83 cents per share (before the reverse split) is better than ZERO.

Good luck.
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