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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?


To: Bryon Bothun who wrote (6842)5/18/1998 1:17:00 PM
From: Robert Gordon  Respond to of 10479
 
You said
<< I just don't see
how the rights could have value that is higher than the resulting drop in the price of
FIBR the day it goes ex-dividend. In theory this should not be possible.>>

I agree... But the market reacts pretty funny sometimes.. Especially with a public offering of an internet company.



To: Bryon Bothun who wrote (6842)5/18/1998 1:51:00 PM
From: Dennis G.  Read Replies (1) | Respond to of 10479
 
I think the whole concept behind this deal is the assumption that the parts are worth more than the whole. The hope is that your share of the EN division will go up in value with the IPO. And they are "giving" you the option of buying a larger piece of that before the offering goes public. Not sure how well it's going to work. As for me, I'd just as soon they just sell the division out right to the highest bidder.

Dennis