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To: The Prophet who wrote (10518)4/20/2000 7:38:00 AM
From: Ausdauer  Respond to of 60323
 
By the way, was that not our own Michael Gottesman asking questions on the conference call?

The Q&A was very abbreviated this time due to the late start of the conference call. I will post some of the questions posed during the c.c. and Eli's response.

Congratulations for getting through, Mike. You were the only individual investor who was able to shoulder your way to the microphone.

How did you do it?

Ausdauer



To: The Prophet who wrote (10518)4/20/2000 7:42:00 AM
From: Michael A. Gottesman  Read Replies (1) | Respond to of 60323
 
That was me. Finally got up the guts to ask the question. Actually I was pleased with the response as regards UMC:

1. Declared 20% stock dividend which brings the shares held up to 133,200,000 shares (I believe that the shares were treated with a price of 3.26 at time of merger - do the math). This is an enormous asset.

2. As part of the merger agreement, SNDK gets preferential treatment in access to capacity (as long as they retain ownership of shares)

3. 1/2 of the shares in UMC can be sold 6 months after the merger, remainder in 2002 but shares will not necessarily be sold after the 6 months period.

Mike