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Technology Stocks : CHPS -- Ignore unavailable to you. Want to Upgrade?

To: Timoteo who wrote (2695)	1/13/1998 5:14:00 PM
From: Mark	Read Replies (1) \| Respond to of 2740

Timoteo, I'd preface the following by saying that I think it's extremely unlikely, but...... As I understand it, a consequence of the shareholder lawsuit was to give CHPS the right to withdraw from the offer with less punitive damages than originally negotiated. They can do this right up to the settlement date. The fact that the FTC were investigating is an indication that someone else doesn't want the deal to go through. This has been widely speculated to be another of the graphics companies. Whilst there was the possibility of the deal being stopped, there seemed little point in one of these players making a counter offer. However, now that it is likely to proceed, the stage is set to allow a counter offer to emerge. In fact, one of the players who stands to lose the most from the purchase is the most likely to benefit from buying CHPS and thereby preventing Intel from building their feared monopoly. An unlikely outcome, but by no means impossible. Mark