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Technology Stocks : MIPS Technology -- Ignore unavailable to you. Want to Upgrade?

To: Yiqun Xie who wrote (219)	6/22/2000 2:26:00 PM
From: w0z	Read Replies (1) \| Respond to of 337

You are correct...don't see why MIPSB should trade lower! From the 8-K: The relative rights of the holders of the Class A and Class B common stock are identical in all respects except for the voting rights. Holders of Class A common stock, voting as a separate class, are entitled to elect 20% of the directors, and in no event less than one director. Each share of Class A common stock has one vote in the election of such directors. Holders of Class B common stock, voting as separate class, are entitled to elect the remaining directors, and in no event less than 80% of the directors. Shares of Class B common stock are automatically convertible into shares of Class A common stock (i) prior to the effectiveness of any merger or consolidation of MIPS Technologies in which all or substantially all of the capital stock is exchanged for the stock of another entity and MIPS stockholders immediately prior to the merger or consolidation own less than 50% of the outstanding shares of such other entity immediately after such merger or consolidation or (ii) at any time after the fifth anniversary of a tax-free distribution upon the approval of such conversion by the holders of a majority of the Class A common stock and Class B common stock, voting as a single class.