Silicon Investor (SI) -- The First Internet Community

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 : GateField (GATE) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Shutters who wrote (3844)	10/5/1999 3:58:00 AM
From: lml	Read Replies (1) \| Respond to of 4005

Tom & Doug: I think you are correct, Tom, in your hypothesis that ACTL is looking to acquire the company on the cheap. By steadily acquiring shares, ACTL is gaining controlling interest in GATE without paying the premium typically associated with acquiring controlling shares. ACTL's goal appears to minimize the aggregate premium it will have to pay shareholders unwilling to sell their shares in the open market at these "market" prices. If the foregoing hypothesis is true, we should soon see the price of GATE rise as the supply of willing sellers at these levels dries up, & as speculative interests acquire shares with the hope of riding the GATE wave until it crests when the tender offer is announced. Maybe we are witnessing the beginning of a victorious end. The question I ask what pitfalls lie ahead? This stock has disappointed so many times before.