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

To: ToolManInc who wrote (3967)	5/16/2000 3:08:00 AM
From: SyncMan	Respond to of 4005

Certainly a lot more discussion. About content, it all boils down to this: Do you believe that ProAsic .25 was "Ready" to come out and "Ready" to be accepted and that manufacturing difficulties were largely behind gatefield. If this is your position, then of course you think that $5.25 is ridiculously low, that Gatefield could easily get short term financing to get ProAsic out, and that Actel is throwing us a low ball offer, and that we all should vote no. If this is true, I would assume that Gate's board of director's would also not recommend it, and that Gate's largest SH (except Actel, of course) would vote this deal down. A price of 15 or 50 is always on the horizon if we are going to be optimisic. Certainly, Actel see's something there they want. OTOH, if Gatefield's chance of getting .25 ProAsic out in a timely fashion are next to nil, and that getting more financing is also next to Nil, so that the end result of this is to be bought or to die, then you reach vastly different opinions on the $5.25 offer is. And if this is the case, then I would think that the largest SH, including the board of Gate, would favour the deal. It is interesting, isn't it, that the President of Actel seems to support the first view (by his purchase) and the President of Gatefield seems to support the 2nd (by his accepting a low ball offer). I, personally, have no idea which is closer to the truth? Does anybody have anything but hope? Certainly, I was ready (and perhaps expecting) to see my investment go to Zero.