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

To: Jerome who wrote (45932)	4/26/2001 11:10:30 PM
From: Robert O	Respond to of 70976

Jerome, nothing in my post contradicts your statement, I was simply showing that as of today there is a far different 'merger buyout price' that the $1.6 billion stated in the WSJ article. Clearly, the final price will be determined in the future. I used today's prices just to display this dramatic numerical difference. Your second point is "The only relevant question for an investor would be, 'Do I want to own ASML stock?'" although as a short term 'investor' my question is 'will my investment in SVGI today be worth more or less at time of conversion to ASML stock?' I can always sell my new shares immediately. I think it is interesting to remember that acquirerors tend to go down in price and acquirees up in price on announcement of a buyout (merger). That had already happened (see chart link>http://finance.yahoo.com/q?s=SVGI&d=c&k=c1&c=asml&a=v&p=s&t=1y&l=on&z=m&q=l ) but since there is now uncertainty, I think it will be interesting when final call is made on merger by W. Seems to me here that both sides will benefit from a yes vote and both stocks will go down with a no vote, although SVGI would go down far more substantially. Won't have long to wait. RO