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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (9916)	7/20/1999 6:04:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

How do you see the deal with SIII affecting DIMD's ability to run?? 1. Few traders remember SIII is buying them. 2. DIMD and SIII shareholders have not yet voted on the acquisition. . . and frankly, I don't see any advantage for DIMD shareholders to vote yes. . . why should they? I know I wouldn't. . . DIMD has lots going on, whereby SIII has little by comparison. 3. Arbitrage play is to go long DIMD and short SIII 4. The recent news is powerful and may take several days or longer to disseminate and even longer for analysts to figure out the significance. 5. Until DIMD votes to approve the acquisition, they are game for being taken out by other suitors. "Hello, Sony?" . . . .Jun 25 news has DIMD in a "broad relationship" with MSFT. Now if DIMD DOES begin to run, watch SIII for short-covering. . . remember, they are joined at the hip at 1 share DIMD = .52 shares SIII. So this deal is just like the CDNW/NTKI merger. . . it makes it difficult for any real "run" to occur, but certainly not impossible. . . . sort of like running a sack race. Rande Is