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To: Robert A. Sutherland who wrote (1899)12/2/1997 3:18:00 PM
From: Robert A. Sutherland  Read Replies (1) | Respond to of 3506
 
Wait a minute, that's wrong.

$125mm consolidated valuation. 34% to Ashtech is ~$42mm. Plus
$25mm cash gives us $67mm. So a 1:1 valuation-to-sales (albeit
inferred). Still not good, but a 50:50 split based on sales.

Rest of the logic is ok, but where did the $75mm valuation come from?



To: Robert A. Sutherland who wrote (1899)12/2/1997 4:06:00 PM
From: SKIP PAUL  Read Replies (1) | Respond to of 3506
 
Will an SEC registration statement be filed or other public disclosure made with regard to this merger?

Separately, I am wondering, why Ashtech made a limited disclosure of June quarter numbers but not the third quarter numbers?


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