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Technology Stocks : Condor Technology Solutions (CNDR) -- Ignore unavailable to you. Want to Upgrade?


To: Stephen Adnan who wrote (8)4/10/1998 6:01:00 PM
From: JDN  Read Replies (2) | Respond to of 51
 
Dear Stephen: You raise a good point based upon my investment in RII (Republic Industries) stock went all over the place as companies acquired with shares tended to liquidate their shares as price moved up. However, often when companies are aquired with shares they have a "lockup" period for at least awhile to keep that from happening right off the bat. Does anyone know if such exists here?
My other concern was just the difficulty in merging 8 companies together at the same time. Reading the press releases I got the impression that each company may be operating autonomously. Does that make any sense? Would love to see some discussion on these two points as, although the price seems "too good to be true" I have been observing from the sidelines rather than jumping right in. JDN



To: Stephen Adnan who wrote (8)4/15/1998 10:03:00 PM
From: Pegasus  Respond to of 51
 
Re: blue chip qualities. Kenn Hill (CEO) was an early employee at EDS (badge number in double digits). He was Ross Perot's right hand man during the GM acquisition of EDS and ran GM-EDS post-deal. He knows everyone in the IT services industry and, quite frankly, his rolodex alone is worth CNDR's market cap. Once this company can do poolings you will see a great deal of accretive acquisition activity and the stock will indeed soar like it's namesake.

By the way, it was being well bought in size today.