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Technology Stocks : LTX Corp. (LTXX) -- Ignore unavailable to you. Want to Upgrade?


To: frank doolittle who wrote (1278)6/15/1998 6:03:00 PM
From: jeffbas  Respond to of 2126
 
Someone wanted to buy some on a day where there was no need whatever to be at all aggressive. Obviously the buyer believes that it is worth doing, which is nice. However, who knows if it is a dramatic Fusion
announcement or a takeover coming, or nothing. I sure do not.



To: frank doolittle who wrote (1278)6/15/1998 7:07:00 PM
From: Norrin Radd  Respond to of 2126
 
SEC form 13D filed today. I bought some LTXX for the same reason as those filing the 13D available on freeEDGAR site:

"...ITEM 4. PURPOSE OF THE TRANSACTION

The Reporting Persons have acquired the Shares because, in their opinion, such Shares are undervalued by the market at the present time under the present circumstances. The Reporting Persons may communicate with members of management of the Company and with other shareholders and interested parties concerning the Company.

The Reporting Persons may from time-to-time (i) acquire additional
Shares (subject to availability at prices deemed favorable) in the open market,in privately negotiated transactions or otherwise, or (ii) dispose of Shares at prices deemed favorable in the open market, in privately negotiated transactions or otherwise...."



To: frank doolittle who wrote (1278)6/17/1998 5:18:00 PM
From: david jung  Read Replies (2) | Respond to of 2126
 
Bloomberg News June 15, 1998, 1:23 p.m. PT LTX Stake of 5.6% Taken by Greenway Partners Investment Group

Washington, June 15 (Bloomberg) -- An investment group led
by Greenway Partners LP acquired a 5.6 percent stake in LTX
Corp., a maker of test equipment for the semiconductor industry.

The Greenway group purchased shares between May 18 and June
9 at $3.69 to $4.34 apiece, according to a filing with the
Securities and Exchange Commission. Those purchased increased the
group's holdings to 1.98 million shares of the Westwood,
Massachusetts-based company.

The shares were acquired because they're ''undervalued by
the market at the present time under the present circumstances,''
the filing said.

Gary Duberstein and Alfred Kingsley run the New York-based
Greenway, which they started in 1993 after working with financier
Carl Icahn during the 1980s.

The Greenway group also purchased shares for an investment
client affiliated with billionaire George Soros, the filing said.

LTX shares rose 5/32 to close at 3 11/16. The shares have
fallen about 38 percent in the last year.

--Alan M. Wolf in Washington (202) 624-1880/bd
news.com

David
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