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Technology Stocks : Track Data Corporation TRAC -- Ignore unavailable to you. Want to Upgrade?

To: Street Hawk who wrote (1314)4/18/2000 10:34:00 PM
From: Investor Clouseau  Respond to of 2005
 
>>I don't think if he went out in the open market, he could get $45 million for 25 million shares, or even 40 million shares. It is effectively a sale of the company, since he is 70.9% owner.<<

I don't think his shares will hit the open market. Of the 63.5 million shares O/S, someone would only need 31.75 million shares to have controlling interest. That means Barry's 25 million plus 6.75 million more shares and you own the company. Look at today's action and you can see that somebody was sucking up all the shares in order to reduce their basis price for the takeover.

IC



To: Street Hawk who wrote (1314)4/18/2000 10:52:00 PM
From: Investor Clouseau  Read Replies (1) | Respond to of 2005
 
>>The CEO and the company are tainted now, it was trading at under a $1(split adjusted) a few months ago, its move higher was momentum driven, not fundamentally driven.<<

I guess you didn't notice Schwab buying Cybercorp for $488 million; or the Barron's article saying TRAC is better than Cybercorp; or that TRAC, besides being an OLB, sells market data to some of the biggest firms in the country.

IC


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