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Technology Stocks : CRUS, good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Daniel Meyers who wrote (5728)5/4/1998 8:45:00 PM
From: richard surckla  Read Replies (1) | Respond to of 8193
 
S3 did the same thing some time back. There is no question that it protects Hack and his buddies. This is an attempt to keep outsiders like Teo OUT. Just another way of "feathering one's own nest." It's a roadblock at anyone or company interested in acquiring CRUS in an unfriendly manner. An unfriendly takeover does not necessarily equate to a bad deal for the small shareholder but would seem to always be a bad deal for the top dogs. Hack obviously feels that there is some heavy pressure coming. Just another way of "feathering one's own nest." JMHO



To: Daniel Meyers who wrote (5728)5/5/1998 9:20:00 AM
From: JeffG  Read Replies (1) | Respond to of 8193
 
The shareholder rights plan is used by management to make a hostile bid for the company prohibitively expensive. I went through it with my company. It primarily protects management and employees; employees that would lose jobs after a buyout. Shareholders could win or lose depending on the company doing the buying. IMO this is a move by management to prevent a large shareholder (Teo?), from gaining more control.

Jeff