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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (10070)11/12/1999 1:35:00 PM
From: Bryon Bothun  Respond to of 10479
 
"Yo ureally think any corporation is gonna takeover a Co. with class action lawsuits? "

There were 17 class action lawsuits pending against Nabisco when RJR bought them.



To: Sir Auric Goldfinger who wrote (10070)11/12/1999 1:41:00 PM
From: David S. Dennison  Read Replies (1) | Respond to of 10479
 
I never remember mentioning anything about a takeover. I do know they have a transmission division that has quality products (numerous awards to show for). I know spinning off the transmission division is quite possible i.e. the NSIL IPO.

Also, how much merit does the class action suits hold. Don't give me an answer, becuase neither you nor I TRUELY know what the outcome will be until it happens. Everyone has their opinion, but that is all it is. I've weighed the evidence, and Osicom's ability to cope with a ruling either way.

Just as a class action lawsuit won could cause problems (how much is arguable since FIBR does have much more equity with the NSIL shares it owns to pay out if a ruling goes against it), if the suit was dismissed the reaction would be very positive I'm sure.

All I'm saying is to at least be a little professional with your short tactics.



To: Sir Auric Goldfinger who wrote (10070)11/15/1999 11:46:00 AM
From: vibaby  Read Replies (1) | Respond to of 10479
 
<<David, get real. Yo ureally think any corporation is gonna takeover a Co. with class action lawsuits? GMAFB. Forget about everything else, do really believe that would happen?>>

Yes, they simply write in an indemnification in the purchase agreement. It's done all the time. Any other objections??