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Technology Stocks : GALTECH SEMICONDUCTOR MATERIALS CORP. (GTSM)

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To: mark yuen who wrote (45)1/29/1997 8:17:00 PM
From: gammaray   of 394
 
hi Mark, Bill said that Galtech is currently working with a new investment banker. I don't know what kind of deal is pending but I think that Adams and Ass. is no longer a player. My understanding is that the CEO was never enthralled with handing over 49% of the motor division for a paltry $10m. You are probably asking, why did Galtech release the news about the Adams deal? They didn't, I have previously stated, an unscrupulous pr firm released an exaggerated version of the talks to hype the stock. This has been the source of many problems for the company over the past couple of months. This chapter is over. He also said that the cadmium is nearly as good as its gonna get. Galtech is reshipping materials to major corporations for their testing as we speak. The stock, in my opinion, is not going to be under a $ for much longer.

Neil
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