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Technology Stocks : California Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Arcane Lore who wrote (92)	6/8/1998 11:58:00 PM
From: Alan A. Hicks	Respond to of 168

CAMD could actually benefit financially from a final settlement of the case against the former management. I will have to recheck the details but as I recall if a financial settlement against former CEO Desaigoudar is more than a certain amount, anything over that amount will be awarded to CAMD. Desaigoudar has a large number of shares that have been frozen. All shareholders suits against CAMD have already been settled. There is about $2 million set aside by CAMD to pay to former shareholders if CAMD's share price does not reach $11 or thereabouts for 30 days over the next five years. If it reaches $11 and stays above it for 30 days CAMD reclaims the money and all the interest. Again I have to check the exact details.