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Non-Tech : Commercial Intertech (TEC) -- Ignore unavailable to you. Want to Upgrade?

To: reid brandon who wrote (6)	1/6/2000 7:37:00 PM
From: Wade	Respond to of 9

Hi Reid, I am still holding TEC in my portfolio and I consider this stock a value play. I am very happy to see the recovery of the stock price. I own it because I believe it will get proper valuation sooner or later, instead of betting on take over. It will be a welcome surprise if it happens to this stock. It is about time. Btw, I remember each TEC share will get a share of something if a party own more than 20%(?) of this company. We supposed to know what the share is about in last Dec. Did TEC announce it yet? If not, I will agree with you that something is afoot. Sincerely, Wade

To: reid brandon who wrote (6)	1/6/2000 8:11:00 PM
From: Wade	Read Replies (1) \| Respond to of 9

I found it: sec.gov "On November 17, 1999, the Board of Directors of Commercial Intertech Corp. (the "Company") declared a dividend of one Right for each outstanding share of common stock (a "Right"), par value $1.00 per share (the "Common Shares"), of the Company. The dividend is payable on December 8, 1999 (the "Record Date") to the shareholders of record on that date. Each Right entitles the registered holder to purchase from the Company one Common Share of the Company at a price of $60.00 per Common Share (the "Purchase Price"), subject to adjustment."...and more. I am very confused. Do they think TEC worth more than $60 a share? How does this benefit shareholders if one offer to buy TEC for $25 a share? Can some one comment? Thanks. Sincerely, Wade