Howdy Pals, so one is off The Index as Another takes it's place...
NSCP was delisted from Nasdaq & the Nasdaq 100 Index (CMGI takes its place on the Index now &;o)... NSCP went to AOL as of the Open of
Thursday 3/18 because the AOL acquisition was finalized. The NSCP shareholders have received 9 AOL shares for every 10 of NSCP. I bought NSCP last July for 28.17 at a time when an AOL share was 90+. So it looks like the NSCP shareholders got the good news/the bad news deal just like the shareholders of the acquired company usually get at merger. Looking at it relative to if I'd just held onto NSCP til now, I would have received a 423% increase in the share price. That's the good news for the shareholders; the bad news is, AOL only gave 'em a premium for one AOL split instead of the two splits since the announcement of the intended merger. And some are oinkers & complain!
I had been hovering on NSCP for a 909er split &/or spinoff of business software div.which Co. had mentioned was under consideration when the acquisition news was announced. After that it went up closely relative to the AOL share price pops and dips; first at 4.5 of the pps, then at 9.0 of the price per share, after the split. It made a good trading stock for many, I suppose; and there are many loyal old-techie shareholders who mourn the passing of The Old Days.
There is an interesting article around about the difference in the corporate cultures: the P.C. mottos in the sparkling halls of AOL can clash with Netscape folks who are used to bringing their dogs and kids to work as they please & needn't punch if their work is welldone.
AOL is trimming the NSCP staff, which of course makes sense as there would be redundant positions now because of merger and some folks who already know they simply cannot work with whoever,this always happens.
But the human side of it is a disruption & sentimental tale for many.
It sure was fun holding NSCP, watching it come back, using that fast silicon Nav browser that made no pop on my speaker as it flowed like water from link to link, joking around about Bills Browser problems
on the desktop,
reading all the posts from the investors and workers who loved that Company and the people in it so much...(enjoying GNET like that, too, & when it's such a company it sure gives a bigger bang for the buck!)
Anyway, I didn't hold on to NSCP....Sold it for GNET twice, when GNET was at 36 and then the other half to buy GNET at 57! So I did even better than the 423% increase I would have gotten if I had held it. It's nice to see such a struggler as NSCP win, isn't it?
LOL hey Blue, remember how my NSCP pick was dubbed a dud on our former digs?
ONE OF MY RULES: If your heart goes out to it, It's A Winner!
More 909s Please Pal,
Joanie |
