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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Ross who wrote (45875)4/25/2001 9:57:41 PM
From: Jerome  Respond to of 70976
 
Thank you. If the deal falls through, SVGI will certainly drop

Nothing could be farther from the reality of the matter. Todays earnings report showed that SVGI is doing quite well, with or without ASML. Estimates were for $.12 and the result was $.16.

Then comes the baloney part. The CEO states that if this merger is not allowed to be consummated then SVGI will need about $400 million to stand on their own two feet. If the Republican administration is dumb enough to bite on this great sob story, then they deserve to be booted out of office. AND SVGI should be sued for defrauding the US tax payer.

Strange isn't it. SVGI didn't need a bailout when the stock was under ten bucks a share (and a weak balance sheet) and now that its about thirty,(and a strong balance sheet) they need all the help they can get.

The part about the stock price of SVGI falling down if the deal is cancelled is something called "conventional wisdom". Most days conventional wisdom isn't worth a bucket of warm spit. (Gardner VP).

Its a good thing I'm in a good mood today. I just get ticked about the thought of those government giveaways to companies that don't need the help.

Jerome