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Technology Stocks : Scientific Atlanta -SFA- going up ??? -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (574)9/15/1999 10:54:00 AM
From: Larry Kagan  Read Replies (1) | Respond to of 1045
 
Using your "grenade" theory, I put some buck towards GIC awhile ago while my primary bet was placed on SFA.
I had been quite happy with the situation until this takeunder.
Who needs MOT? Why did GIC get nervous and look to bail?
-Lk



To: Sam who wrote (574)9/15/1999 6:25:00 PM
From: Sam  Read Replies (1) | Respond to of 1045
 
Roger,
Chart looks like SFA has almost finished its "adjustment". GIC ran up on anticipation of a buy out and got taken out at the equivalent of a 58 P/E. SFA currently only has a 43 P/E on $1.30 eps. That makes a logical buy out offer of 58 X $1.30 = $75 3/8. If their management were to consider a lower offer, it would invite class action law suits.


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