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Non-Tech : Amati investors -- Ignore unavailable to you. Want to Upgrade?


To: Franco Visoria, Jr. who wrote (28952)11/19/1997 5:18:00 PM
From: MangoBoy  Read Replies (3) | Respond to of 31386
 
[WSTL action]

WSTL gets $14.8M break-up fee, gets its $5M loan to AMTX repaid, gets what i'll assume is a sweet deal with TXN for chips, gets all of AMTX's ADSL contracts (BCTel plus who-knows-what), saves 23M shares of its stock, AMTX is still removed from the competitive landscape, and the stock closes up only 4.6%? i don't get it.

WSTL is in better position now than it was prior to the AMTX merger announcement, the BT deal is looking good, and GTE still looks positive. back then it was trading in the 23-25 range. will we see a swift return?

here's a thought: COMS buys WSTL. the TXN/AMTX-WSTL/USRX/COMS-SIE team vs. the ALA-CSCO team vs. the AWRE-ADI-ASND team vs. ORCTF-Fujitsu.

mark



To: Franco Visoria, Jr. who wrote (28952)11/19/1997 8:57:00 PM
From: pat mudge  Read Replies (3) | Respond to of 31386
 
[Chat]

<<<My heart and blood pressure will enjoy the rest now.>>>

I agree. Though I'll sit it out to get the tax break, if possible.

You're right about the gorillas. I'd hoped we could get more of the ride before being taken over but that wasn't to be.

I figure part of my payoff has been the education --- and part the friendships and camaraderie.

I have to smile at one phone call I got today. It was an Amati shareholder calling from London, saying she'd heard on the evening news that Amati had been taken out and she wondered if she had any say in the matter. I told her, no, it was an all-cash buyout and she'd be given the money whether she wanted it or not. I explained it was like some divorces and probably best to accept it and move on.

Not sure that was much comfort, but it reminded me how turning points often lead to something better.

All the best!

Pat