Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Thrustmaster (NASDAQ:TMSR) -- Ignore unavailable to you. Want to Upgrade?

To: Double Dipper who wrote (950)	12/5/1997 4:11:00 PM
From: esecurities(tm)	Read Replies (1) \| Respond to of 2443

TMSR Secondary comments, continued. Use of Proceeds: "...The net proceeds to the Company from the sale of the Common Stock in this offering at an assumed public offering price of $15.00* per share..."* Based on the last trade at 13 1/16 -5/16 it appears perhaps a clear signal is being sent to management regarding obvious red flags pursuant to the secondary ofering prospectus? We show 6,511,606 shares outstanding (fully diluted, post secondary including options as of Nov 1st). David Bergeson's compensation, equity, option position does not appear in this prospectus? Why? This would certainly appear to be material given he is a senior officer of TMSR. Fujitsu alliance, again, why was this not mentioned re: mitigating Risk Factors: Offshore manufacturing? C. Norman Winningstad, again, divestiture makes no sense, assuming TMSR is a BUY. It makes no fiscal sense, from poor timing? to [theoretically] poor financial planning. Executive Compensation and Option Grants tables are for 1996 and not reflective of 1997.? Why were these not effective through Q3 '97? Van Kasper. The only underwriter? syndicate member? TMSR also needs the likes of Robertson Stephens, Montgomerey Securities, Hambrecht & Quist ((the players) and all of whom were recently acquired/(H&Q pending) by banking concerns and all the more reason) et al. It appears this prospectus is tentative and the secondary may be represented by more syndicate members. TMSR simply requires this credibility and validation. If they cannot with the unprecedented news and infrastructure, from fundamentals to market share [street ammunition] amidst a heating up Microcap climate something is simply wrong.

To: Double Dipper who wrote (950)	12/5/1997 4:47:00 PM
From: esecurities(tm)	Read Replies (1) \| Respond to of 2443

>>...based on some of the posts about legal complaints. Shareholder value concerns not legal complaints. We believe we have a good understanding of what the street likes to get behind and some of the implications of some of Secondary Prospectus items raise potential concerns. This is a superior company but these issues seem to be sending conflicting signals and, if implemented, as the Prospectus specifically states, could have a material adverse effect on a takeover of TMSR, hence shareholder value maximization. Cruttenden issued a BUY when TMSR was trading at ~$12-13/share in July and Wedbush issued a BUY in October while trading at ~$16/share, again, all before some very substantive news. The biggest issues, in our perspective, is what we are just now learning from the Secondary Prospectus (shades of option repricing fiasco). Again, these concerns can and should be mitigated by management by either timely issuing a news release clarifying these concerns and or coming on this thread and specifically addressing our concerns. TMSR is on a roll and has pulled off some brilliant coups. We are taking note that it appears TMSR has effectively no competition other than Microsoft during Q3 and Q4. Note that neither Logitech nor Gravis have any new product on the market and TMSR has virtually run unopposed during these quarters. The bad news is this situation will change and expect new competing products from these companies. The good news is TMSR is taking share in wheels, flightsticks, and gamepads and may be enough to have created a branding, leadership and mindshare position. NASCAR Pro and related alliances should render Microsoft less of a threat, at least in the short to intermediate term. Their apparent retaliation is CARTS. This may take a while. We would also like to see a TMSR force feedback steering wheel before Microsoft releases theirs, which is a given. TMSR is very fortunate that MSFT did not release a f-f wheel first instead of the SideWinder F-F Pro, in our opinion. It is a given we would have all seen a F-F Microsoft Steering Wheel everywhere as we are now witnessing the ubiquitous assault they made and are making with SideWinder F-F Pro. That would have had a possible material effect upon NASCAR Pro sales, in the short-term (esp Q4). On the revenue/share/competitive perspective it will all come down to the number, infrastructure and integrity of alliances TMSR enters into. So far they have done this with surgical precision. We just don't understand the cited shareholder unfriendly/conflicting signals being sent from all this staggered board, Preferred Stock, option repricings implications...