INEL - Inteligent Electronics ? Message Board

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Technology Stocks : INEL - Inteligent Electronics ?

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To: r q lad who wrote (23)	1/24/1997 5:20:00 PM
From: brian chan	of 234

(The following numbers came from Mkt Guide as of 1/17/96) Info on XLCT: Total outstanding shs: 16.23M float: 2.9M cash:0 (The small float explains the huge slide today.) Info on INET: Total outstanding shs: 39M float: 25.6M Cash: 59M A quick calculation says each sh of INET will get a bit less than half share of XLCT per share of INEL. Say XCLT dropped another 50% on Monday to 4. You get roughly $4/2 + $59/39 = $3.51 If XCLT stablies to 8 then you get 4 + 1.51 = $5.51 Today INEL was on firesale at 4. Effectively you get the rest of INET business for free and more. Now I know why Mr. Tim Keefe of John Hancock was bullish on the stock in Barrons (11/25/96).

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