Taiwan Semiconductor (NYSE: TSM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Taiwan Semiconductor (NYSE: TSM)

TSM 325.75

-3.0%

Feb 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Artslaw who wrote (508)	6/2/1999 5:21:00 PM
From: Sun Tzu	Read Replies (2) of 684

>> purpose of the conversion policy was to allow Philips to sells some of their TSM No the main purpose for the conversion policy was to let the big shareholders dump their shares at a 50% premium in US and make easy money just like the directors. This was necessary to shut them up at the annual meetings and reduce their annoying calls to the company. >> Taiwan's screw-job is still in the ADR holder's benefit. Not really. No reasonable investor (read expecting to hold the shares for at least 6 months) will buy the ADRs at 50% premium when he knows that for the foreseeable future, every quarter more than one months worth of trades will be dumped on the market. This decision simply ensures that the Taiwanese shareholders get to screw us before the foreign ones do. Wait and see; once most of the Taiwanese are done dumping their shares and the premium has been reduced, TSM will agree to let the foreign holders do the same. Meanwhile, ADR holders will suffer a typical water torture a.k.a death by a thousand paper cuts. Sun Tzu

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next