USRX Message Board - Msg: 921917

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Technology Stocks : USRX

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To: Michael Shumberger who wrote (14486)	3/4/1997 1:32:00 AM
From: ben luong	of 18024

The COMS/USRX merger is a bad deal. Although I agree in a long run, the merger will benefit both companies. But in a short term, the merger will hurt USRX! Cowell is selling USRX cheap to 3COMS!!! I don't understand the timing of the merger. Why is it done after 3COMS shares plunge more than 50% in 1/97? Why don't they do it (make the announcement) earlier (like in 12/96) or later when X2 modems sales result is out and the market is stablized? The combined earnings from the merger will also dilute USRX's own earnings even if X2 modems are selling well. Anyone has any opinion? The shareholder meeting is 3/5/97. Will we vote on this merger deal? I hope this deal is rejected by shareholders. Then again, Even if the deal is broken, what's going to be the penality involved. Anyone knows?

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