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Technology Stocks : Advanced Radio Telecom (ARTT)

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To: mmeggs who wrote (607)5/4/1999 12:48:00 PM
From: SteveG  Read Replies (1) of 1176
 
<..Evidently, there was a deal signed, sealed, and delivered, and another party came in and trumped it...>

Do you mean we have to contend with breach of contract litigation, or were you being hyperbolic?

<..And they used their ace to do it...>

Who/what is their "ace"?

<..In fact, one went so far as to say they felt sorry for anyone who was short...>

While I would be hard pressed to go short ARTT at this juncture (unless I heard with confidence the deal was weak or no-go), IMO (and I'd love to be wrong) this comment doesn't sound like it's from anyone who is in a position to know. With a lot of negotiations ongoing, trust that many people are involved and know the ballpark, and that the tape is a pretty decent discounting mechanism.

and glad to contribute to the collective due diligence
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