Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : GateField (GATE) -- Ignore unavailable to you. Want to Upgrade?

To: ToolManInc who wrote (3952)	5/11/2000 8:51:00 PM
From: ToolManInc	Respond to of 4005

The offer is way too low. Do not accept it. Vote NO...we are getting ripped off by the poor management of Gatefield. Vote No...join the lawsuit.

To: ToolManInc who wrote (3952)	5/11/2000 9:13:00 PM
From: SyncMan	Read Replies (2) \| Respond to of 4005

Raging Bull...Lawsuits for Gate; Buyout -- shareholder suits It was announced that Actel is going to acquire the remaining shares of GateField that it does not already own. As a result, shareholders will only receive $5.25 per share. This offer is incredibly unfair, given, among other things, the company's true inherent value. I have learned that several shareholder groups are seeking to prevent the takeover. They are seeking to enjoin the transaction or force a fair bidding process to ensure that shareholders receive a fair price. If you would like additional information, please feel free to e-mail me at mnski@hotmail.com Thanks, I shall definetly look into it. I have a friend who works there, so I'll definetly ask his opinion (he is a big shareholder, obviously, I'm a small one. Since my buy in price was .53 (now 5.30), I'm obviously not too thrilled with this offer ($5.25). On the other hand, perhaps Gate sold out because the prospects of further cash looked dim? Perhaps they were looking at not making payroll? Perhaps something is better than nothing? I am not stating any of these. I am just asking questions. The market surely didn't think that GATE was worth more than 5.00 a share (4.07 lately). And I think that Actel is absorbing a lot of debt from Gatefield that you shareholder's haven't thought of. What does IDANTA think of this move? (perhaps, since their buyin price was $1.00, I think they might be happy. Or did that go to $10.00, so they are losing about half? Would everyone agree that the above is the case, that 0 is not less than $5.25? Or are you so sure that Gate could never go bankrupt, that this is not a possibility in your minds. Does anyone know of where Gate could get additional funds to operate while .25 came out? If you are going to vote no, I think you'd have to think of these.