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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (3144)1/24/2000 6:44:00 PM
From: Highway Jim  Read Replies (1) | Respond to of 3187
 
CPU after hours. No after market for CPU...right?



To: epicure who wrote (3144)1/24/2000 7:15:00 PM
From: Ploni  Read Replies (1) | Respond to of 3187
 
Good luck guys; I'm out at 9 5/8.

I almost fainted this morning when I saw the stock trading at 10. I placed a sell limit at 10, but by then it had fallen back. With the tender offer at 10.10/share, I was surprised that it traded as high as it did, as I don't think anyone else wants to fight Slim for the company.

I changed my limit order to 9 5/8. Of course, after that it traded as high as 10 1/8, so if I'd had a little more patience I could have had my 10/share. Oh, well, it's only money. I'm quite happy being out at 9 5/8, rather than sitting on the stock at 5, and wondering how long it would take Halpin to drive it into the ground.

I put my CPU proceeds into ELTX.



To: epicure who wrote (3144)1/24/2000 8:17:00 PM
From: RumbleFish  Respond to of 3187
 
Maybe this explains it better:

Monday January 24, 7:52 pm Eastern Time

FOCUS-CompUSA buy is e-commerce move for
Mexico's Slim


...................snip.....................

Sanborns' full-cash tender offer is to buy all outstanding shares of CompUSA, and the company expects Telefonos de Mexico
(Telmex) (NYSE:TMX - news), Microsoft Corp. (NasdaqNM:MSFT - news), and SBC Communications Inc. (NYSE:SBC -
news) to join as minority investors.

Sources close to the deal said the minority shareholders would take a 49 percent stake by joining in the financing for the tender
offer, which is expected to begin next week and will likely take a month to complete.