Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Joe13579 who wrote (17401)	7/25/1998 12:03:00 PM
From: Bill	Read Replies (1) \| Respond to of 29386

If there was an offer to buy-out Ancor at $6/share, why didn't they sell? - because they KNOW that they will be shipping switches soon. If there is an offer, management has a fiduciary responsibility to accept it. A public company cannot turn down an offer with that large a premium without suffering a class action law suit and the resignations of investment bankers and accountants. Why isn't Ancor management buying shares? - duh, they can't buy any shares if they KNOW they'll be shipping switches (this is insider info. that opens them up to criminal and civil liability). The opposite is true. The law encourages companies to fulfill publicly stated operating plans by allowing management to purchase shares at will. Read the law. At these prices, I would think that we might see some attempts for a hostile take-over With all due respect, this is a ludicrous statement. There is a 0% chance of a hostile takeover.