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.
Technology Stocks : Intek (IDCC)`

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ronald D. Bick who wrote (23)12/28/1996 11:42:00 AM
From: Mark Mattson   of 120
 
Ronald,

I hate to answer a question with a question but have you heard of a thirty day "quiet period" that follows a merger when a company is required to lay low before engaging in further mergers or acquisitions? I believe that Intek will increase in value following the first for three reasons. First--a series of acquisitions that will be announced after January 3 (in other words, thirty days after its merger of December 3). Second--to finance expansion, Intek will go on the road to create interest in the stock so that a secondary offering can be issued at $10 to $12 a share. To this end, I have heard that Lehman Brothers will be handling the offering. Third--it is encouraging that there is so little stock for sale. We have seen increases and decreases on very little volume. I can't help thinking that people are hanging on and those that are selling are doing so for tax purposes having bought earlier this year at $10 or $11. This stock has and will jump a buck or more in a day on the release of good news counteracting any short term decrease.

I can only continue to recommend ADCM (see my earlier comments) at .23 a share. They are solidly in bed with Intek with a corporate mission of hitting the Nasdaq by mid-year at $3.00.

Mark
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext