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Technology Stocks : Nuevo Grupo Iusacell (CEL) -- Ignore unavailable to you. Want to Upgrade?


To: Dennis Roth who wrote (174)6/17/2003 4:58:34 PM
From: Rob Preuss  Respond to of 206
 
Mexico's Unefon Chairman Pleased With Iusacell Sale

"Analysts have little doubt now that [Unefon & Iusacel] will eventually be married."

Full Story:
biz.yahoo.com

Dennis: I agree with your last few posts. Lucky (smart) you
to have sold CEL back when the shares still had some value.



To: Dennis Roth who wrote (174)6/30/2003 9:28:52 PM
From: Rob Preuss  Read Replies (1) | Respond to of 206
 
Please excuse my ignorance...

But what does this mean to me as a shareholder?

Mexico's Movil@ccess Launches Tender Offer For Iusacell
biz.yahoo.com

I understand that they're offering $0.50/ADR for all the remaining
outstanding shares of CEL... its about the same price they paid to
VZ and VOD for controlling interest in the company. The market
price briefly dropped to about $2.50/ADR on that news... but it
then bounced back. Evidently, shareholders (including Salinas)
think CEL will eventually be worth far more than $0.50/ADR.

Can they force me to sell out at a trivial price? Or even the current
market price? ...or, Can I hang on and hope that (someday) I might
see some real value return to the (horrible) investment I made?

Rob