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: Bill who wrote (17402)	7/25/1998 12:33:00 PM
From: George Dawson	Read Replies (1) \| Respond to of 29386

"With all due respect, this is a ludicrous statement. There is a 0% chance of a hostile takeover." Bill, I am interested in your thinking on this. It was one of the reasons Ancor management gave for increasing the number of authorized shares of common stock in May. The specific wording from the shareholders notice was: "The amendment may have the effect of discouraging an attempt by another person or equity, through acquisition of a substantial number of shares of Common Stock, to acquire control of the Company with a view to effecting a merger, sale of assets or a similar transaction, since the issuance of new shares could be used to dilute the stock ownership of such person or entity." and... "...Under certain circumstances, such shares of Common stock could be used to create voting impediments to frustrate persons seeking to effect takeover or otherwise gain control of the Company. Such shares could be sold privately to purchasers who might side with the Board of Directors in opposing a takeover bid that the Board determines is not in the best interests of the Company and its shareholders." Thanks, George D.