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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (87089)	6/27/2002 9:13:33 AM
From: manny t	Respond to of 99280

GNSS, Genesis Microchip Inc. Approves Adoption of Stockholder Rights Plan SAN JOSE, Calif., Jun 26, 2002 (BUSINESS WIRE) -- Genesis Microchip Inc. (Nasdaq: GNSS chart, msgs), a global leader in imaging and digital video/graphics processing technologies, announced today that its board of directors approved the adoption of a stockholder rights plan. Under the plan, Genesis will issue a dividend of one right for each share of common stock of the company held by stockholders of record as of the close of business on July 8, 2002. Each right will initially entitle stockholders to purchase a fractional share of the company's preferred stock. However, the rights are not immediately exercisable and will become exercisable only upon the occurrence of certain events. If a person or group acquires, or announces a tender or exchange offer that would result in the acquisition of a certain percentage of the company's common stock while the stockholder rights plan remains in place, the rights will become exercisable, unless redeemed, by all rights holders except the acquiring person or group, for shares of the company or of the third party acquirer having a value of twice the right's then-current exercise price.

To: Zeev Hed who wrote (87089)	6/27/2002 9:20:24 AM
From: jjstingray	Read Replies (2) \| Respond to of 99280

Zeev, I like your overnight call. I loaded up on some QQQ calls thinking we should get a gap and crap today. Are you thining we get a crap or just a resumption of the rally.