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Technology Stocks : GateField (GATE)

GATE 36.05

-1.3%

Apr 1 12:00 PM EST

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To: Douglas Raushel who wrote (3667)	5/21/1999 3:53:00 PM
From: jm	Read Replies (1) of 4005

Hopefully the proposals to reverse split and increase shares will fail as they are designed to better idanta and actel position not the shareholders regardless of the the hype listed in the proxy.It is much easier to merge gate into actel with less shares outstanding and there is probably a negotiation between idanta and actel ongoing right now on this issue.Appears the flash tech will have a market but the common shareholders will share little in it with these players involved. I can see some class action lawsuits on the horizon before this story ends.

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