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Technology Stocks : Align-Rite Int'l (MASK) Undervalued compared to PLAB DPMI -- Ignore unavailable to you. Want to Upgrade?

To: DGMontana who wrote (346)	9/20/1999 7:56:00 PM
From: PAR	Read Replies (1) \| Respond to of 388

David, I think the deal is tied to the price of PLAB stock, but I'm not positive. Rest assured that the big boys are not gonna leave $4 on the table.

To: DGMontana who wrote (346)	9/21/1999 2:59:00 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 388

David, As I remember the merger announcement, 2 items probably have a great deal to do with the present MASK price. First of all, a defined stock share ratio was established in the purchase price. Based on the present price of PLAB, when the agreement was made, it translated to a MASK share price of about $23. Secondly, however, the merger is not expected to complete until after the first of the year - at least 4 months away and possibly longer. If PLAB share price goes down over that period, the transaction price will go down for MASK. Because of arbitrage, the share ratio price between the two won't reflect the agreement until the deal is finally "a done deal"