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Technology Stocks : INEL - Inteligent Electronics ? -- Ignore unavailable to you. Want to Upgrade?

To: MikeD who wrote (226)	3/10/1998 9:11:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 234

>>>Jim, a quick newbie question RE: INEL stock price. The offer by Xerox was for $7.60 and the current ask is $7.03. Is this being done to keep the stock attractive to buyers knowing the cap of $7.60 will yield +-8%? Is there a possibility of shareholders voting the offer down? If so would the price decrease? I'm in under 6 and have a nice profit but will hang with it if I can squeeze another 8% by waiting till the buyout. I mean 8% IS 8%.<<< ********************************************************************** Mike: I already sold... A bird in the hand.... If the shareholders do vote it down the price may drop... You may have to wait a while to get your 7.60... Time is money... Jim

To: MikeD who wrote (226)	3/11/1998 4:02:00 AM
From: Dr. Id	Respond to of 234

Jim, a quick newbie question RE: INEL stock price. The offer by Xerox was for $7.60 and the current ask is $7.03. Is this being done to keep the stock attractive to buyers knowing the cap of $7.60 will yield +-8%? Is there a possibility of shareholders voting the offer down? If so would the price decrease? I'm in under 6 and have a nice profit but will hang with it if I can squeeze another 8% by waiting till the buyout. I mean 8% IS 8%. It's 8% plus no commission. Since I'm at a full service broker, thats a fair amount to save. If at a deep discount broker, wouldn't make that big a difference. If voted down, who knows? But it won't be voted down. The last big INEL vote I received the proxy two days after the vote had taken place!