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

To: jaspert who wrote (1423)	4/28/1998 3:58:00 PM
From: Noblesse Oblige	Read Replies (1) \| Respond to of 3247

Hi Jaspert... No, we haven't forgotten the issues you have raised. On the other hand, we think it appropriate to give the new President- to-be some time to think through the issues before we are all over his case. <G> That is the gentlemanly thing to do. Rest assured, however, if nothing is done to address those concerns, we will be all over his case. And, next year we will start well enough before the mailing of the annual reports to have an impact. Raefon and I are not legally able to vote our clients shares, and thus did not do so. And, because we started our effort to generate anti-Board sentiment relatively late, most of our clients had already responded to the company's solicitation. That "mistake" won't be made again. I have said before, it takes only 3% of the outstanding stock in agreement to force a company to place proposals before the voting shareholders. And, best as I can recall, though the vote totals were lower than we expected, there was comfortably more than 3% of the shares voted against every director. Assuming we go that route, you can bet your "bibby" that you will see something along the lines of "We desire the company's directors to take steps to maximize the value of this investment on a short-term basis" in the proxy materials. We all know what that means. So do they. And, I have no doubt that the voting shareholders will have no difficulty figuring it out. Have a good day, Mr. Jaspert.