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Technology Stocks : LEIX Lowrance Electronics a GPS Sleeper?

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To: wiz who wrote (159)3/12/1999 2:43:00 PM
From: Barry Dryer  Read Replies (1) of 186
 
Mark, as a shareholder who has been in this stock for a year, I'm not happy with the deal. It would appear that our potential upside has been capped at a value of $6.41/share...if we hold until the deal closes and assuming ORB holds above $20/share. Meanwhile, there would still appear to be downside risk if ORB stock does not hold up.

Let me know if you read it differently. I hope I'm wrong. Meanwhile, I can only hope that a "white knight" surfaces (e.g. TRMB) to make this a competitive bid situation. IMO, Lowrance sold us out too cheaply.

Barry
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