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

To: John Morrison who wrote (29401)	11/26/1997 9:46:00 AM
From: hal jordan	Respond to of 31386

>What if this deal falls through? (I've said that before) Why would Amati be happy with 20 when they felt 36 was not enough last year?< Because things have changed tremendously in the course of a year. AMTX officers realized they would never get $36 a share without any ADSL deployments happening anytime soon. The company was running out of money fast. Believe me, AMTX officers are just as greedy as we are. Do you think with their stock options they would settle for a penny less than they thought they could get for the company? Hal

To: John Morrison who wrote (29401)	11/26/1997 6:42:00 PM
From: pat mudge	Respond to of 31386

[Buyout] <<<What if this deal falls through? (I've said that before)>>> Amati finds another buyer or arranges financing. >>> Why would Amati be happy with 20 when they felt 36 was not enough last year?>>> Because the situation has changed: the market is developing slowly and to get equipment out there early is extremely expensive. It takes the clout and muscle of an Alcatel or Siemens or NEC. <<< What do Amati officers get from this deal? ... >>> Those who have options will have them honored in the same time-frame as before. The ratio will be determined at the time of closing, whatever equates to 20 then. So, if TI is at 120, then they'd be exchanged at 6 to 1. If at 80 then 4 to 1. At least this is how I think it's set. Rather interesting in that TI will want its stock as high as possible at the time of closing. I wonder if they're prevented from doing anything that would influence it in any way. Say, have a C6X launch. :) How can we track the number of shares tendered? Since it's now a transaction between TXN and the shareholder, there's no way to see it publically. I'm holding tight. Pat