Actel [ACTL] Message Board

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Technology Stocks : Actel [ACTL]

ACTL 0.0001000

0.0%

Jul 16 9:30 AM EST

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To: William Grady who wrote (616)	2/22/1999 8:24:00 PM
From: easytarget	Read Replies (1) of 674

Hi I'm a long term GATE follower. GATE may be trading at .85 now, but the board is controlled by Idanta, a VC that is unlikely to be willing to sell for anywhere near .85 per share. Volume is VERY low, and none of the major holders are selling at the moment. Only 6 months ago, Actel paid $12M for preferred shares equivalent to 3 million common shares of GATE plus a small services division that generates very little revenue. (Most of GATE's services revenues comes from royalties from the maintenance division that they spun off.) If you're generous and allow $3million for the services division, that's still $3 a share for a small (7%) equity position in GATE, so figure at LEAST $125million for a complete buyout. EZ

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