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Technology Stocks : Axsys Technologies (AXYS)

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To: Donald F. Figer who wrote (83)1/29/1999 4:35:00 PM
From: Bobcat   of 89
 
Don - That is what I have been saying all along. Think about it. Even when the CEO offered $15.00 they had a special committee to review the company to see if that was fair value. Then a couple of weeks ago they retained DLJ to try and determine if $20.00 was fair value. At the same time they never have let us know who might have offered $20.00 a share for the company. Now they say they are authorizing DLJ to try to sell the company.

I know investors don't want to hear it, but I think the company is merely trying to get the stock up so the CEO can unload. It is possible that this is a high as it is going. Also, each press release makes sure they state "There can be no assurances the company will be bought".

I think the entire mess sure leaves a stockholder in the dark. I wonder how long this effort by DLJ will take.
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