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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Boob who wrote (5054)	6/11/1998 3:58:00 PM
From: RCJIII	Respond to of 25711

Inktomi- surges to $40.5 creating another $ 1 million profit for CNGR. CNGR is actually down today, even though shareholder equity has risen over 25% in the last two days. RCJIII

To: Boob who wrote (5054)	6/11/1998 4:07:00 PM
From: Wayne Rumball	Read Replies (1) \| Respond to of 25711

Good deal, worthy of posting here; Subject 21420

To: Boob who wrote (5054)	6/11/1998 4:31:00 PM
From: P.E. Allen	Read Replies (2) \| Respond to of 25711

When one looks at an investment of this nature, you have to consider all the factors. This deal was structured on May 15, 1998 or that is when the news was released. A strike price was of course negotiated by the two companies. This is a dynamic situation and you are looking at it in a stagnant way as if the price are per what you see know. Your analysis is correct, but Boob your using the wrong stock prices for the shares. As with all of these deals the valuations must be adjusted at the time of the merger. Again, your math lesson is correct, your stock valuations are moot.