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


To: Bernie Diamond who wrote (28961)11/19/1997 5:49:00 PM
From: Jerome Block  Read Replies (4) | Respond to of 31386
 
Dear Bernie and Amati Shareholders,
No one likes lawyers, till they need a lawyer. Is now the time for a lawyer? What could a lawyer do? I don't know. But I suspect that a lawyer could delay. What could a delay accomplish? I don't know. Perhaps a delay could buy time for some possibly better deal for shareholders. What would be the legal basis for obtaining a delay? I don't know. But all companies have fiduciary responsibilities to act in best interests of shareholders. If sufficient evidence exists to suggest that the best interests of shareholders are not being served by this sale, perhaps that could be the basis of the action. I wonder if anyone would care to comment on prior message re: what Motorola might want to do? Would some sort of delay give Motorola time to respond or re-consider whether it will allow this company Amati to be stolen at a bargain price by Texas Instruments? Would delaying the sale of Amati to TI be risky, in the sense that you all might be worse off afterwards than you are right now with $20/share? I don't know. Seems like there would be that risk. However, if you are that risk averse, you are not here with Amati in the first place. I believe there are law firms that take such cases on contingency. Yes, they make money doing this. The question is, will they make money for us in the process of making money for themselves? JB



To: Bernie Diamond who wrote (28961)11/19/1997 9:36:00 PM
From: SteveG  Read Replies (3) | Respond to of 31386
 
<..I'm also voting NO!>

How many shares do Cioffi and Amati own? Whose baby is this tech and company anyway? If shareholders could and DID stop the sale, who would pay the 120 monthly salaries? How long would Amati last? Would you rather wait and take your chances on getting far less to nothing?
Don't you think that AMTX held out as long as they COULD, painfully relenting their "baby" as they realized they HAD to?

This isn't some company being run by outsiders. Is it THEIR fault that reality isn't what many posters here had hoped and presumed?

Good luck all-

Steve
(continually amazed..)



To: Bernie Diamond who wrote (28961)11/20/1997 12:44:00 AM
From: ratan lal  Read Replies (1) | Respond to of 31386
 
Bernie

<< Jerome, my understanding is that they need 50% +1 >>

I thoght they would go ahead only if they got 90% +.

Ratan