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Technology Stocks : THREE FIVE SYSTEM (TFS) - up from here? -- Ignore unavailable to you. Want to Upgrade?

To: Maurice S. Green who wrote (1236)	4/5/1998 3:35:00 AM
From: Noblesse Oblige	Respond to of 3247

Hi Maurice... Are you meaning to imply that you were "under the influence" when you wrote that last post? <G> Hope you slept well, sir. <S>

To: Maurice S. Green who wrote (1236)	4/5/1998 4:06:00 AM
From: Noblesse Oblige	Respond to of 3247

Hi Maurice... On second thought, perhaps I should answer you seriously. Do I have a "vendetta?" No. I have a job. My job is to perform for my clients. When the companies that I have invested in show limited interest in pursuing goals that will enrich my clients, I have two choices: 1) Sell. 2) Try to get management to act in ways that enhance my client's wealth. I have determined that "selling" my client's stock below what I consider "fair value" is not acting in an appropriate fiduciary way. On the other hand, I have attempted at great length (in ways that you know, and in ways of which you are blissfully ignorant) to influence management to do things that will have a positive impact for all of the shareholders, YOU included. To date, I have been unsuccessful. However, I am not a quitter, and I will do what it takes, as long as it is legal. As for the error between the four and five year time period, I have checked that out and you are correct. Although the date noted was December 31st, I erroneously counted the year as a complete trading year. Nevertheless, we still haven't seen share value increases for 4 years and three months. Shoot me. As for my being "stuck", the market opens again on Monday. When I decide I don't want to be "stuck", I will sell the shares. However, despite my having indicated many times that I will not do so below fair value, apparently you do not care to take my word for it. That is your right, of course, after all, I am only bits and bytes in cyberspace. Nevertheless, you would be well served to re-read my posts, which have carried the same tenor now for well over a year. To judge that I am either inconsistent or carrying on a "vendetta" is more a reflection of your own perspectives than my own motivations. Making waves doesn't help? Well Maurice, I respectfully disagree. This company has been run as virtually a private fiefdom for years. Only forcing attention on the operations will open it up. Or, perhaps what you are really saying is that my calling attention to the less than stellar results will impact the stock price in the short run? Is that what it is, Maurice? Perhaps the difference between you and I is that as a shareholder, particularly one representing clients, I feel I have an obligation to make positive suggestions to what otherwise is a recalcitrant management. Good grief man...the Board of Directors looks to me like an inbred family, and all dependent on the "daddy". There is not a single, independent, counter-weight to Buchanan in the group. And, this is what you respect??? Well...it is tougher for me. I am a professional. Perhaps professionals have higher expectations of the people that represent us. Lastly...you have made a few comments on the subject of "greed." It isn't clear to me what emotional baggage you bring to that subject, but shareholders (myself included...presumably you, too) buy stocks for the purpose of enhancing their net worth, not watching it sit fallow. If that is greedy, so be it. I view greed as slightly different. I see it as the largest holder in a corporation, acting as Board Chairman and owning 11% -12% of the outstanding shares, already having a slew of options, expecting shortly to retire, and... ...replacing 50,000 high cost 3 year options with an equivalent amount of low cost 10 year options. Obviously the Board allowed it. But, the Board appears to me to serve at the "pleasure" of the Chairman. When there are some truly independent directors to give this company some oversight, it may attract some additional institutional interest. In time, Maurice, we will know. I hope that you and I both live that long. Have a good evening.

To: Maurice S. Green who wrote (1236)	4/5/1998 4:05:00 PM
From: John Morelli	Read Replies (1) \| Respond to of 3247

After reading your post I decided to vote my shares AGAINST management's proposed directors and stock option plan. At the next shareholder meeting, should TFS posts similar poor returns for fiscal 1998, I would energetically support a motion to direct TFS management to 'explore any and all opportunities to maximize shareholder value'