SI
SI
discoversearch

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 (3979)6/16/2000 3:48:00 PM
From: SyncMan  Read Replies (1) | Respond to of 4005
 
Well, let's count the ways...

A: the purchase was above the stock price. (Not exactly a give-away, heh).

B: The board of directors voted for the deal.

C: Gatefield was very likely looking at some sort of Chapter X, leaving Bond holders with little and Stock Holders with Nada without the deal.

HOW CAN THIS BE A GIVEAWAY! It seems more like a rescue to me. Actel rescued Gate because of ProAsic (not the company). But the stock is for the company, not the technology.