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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: DAVID who wrote (12236)	7/28/1998 8:45:00 PM
From: jack w garnes jr.	Read Replies (1) \| Respond to of 23519

David, Good quesition..I don't know what would happen...JG

To: DAVID who wrote (12236)	7/28/1998 8:48:00 PM
From: John W. Andrews	Read Replies (1) \| Respond to of 23519

I honestly do not know what would happen if that scenario happened...however I do know that the stock swap would make the VIvus stock much more variable after the announcement...the stock then trends with the acquiring companies stock...ie...Nortel & bay...Worldcom and MCI etc..etc.. Keep in mind that this is just a theory of mine...I know that there are several parties interested in at least a marketing partnership ,,,,other credible sources have mentioned buyout several times..I do believe the latter will happen and possibly a partnerhsip as well..Although the comapny has reiterated their stance as near the end of 1998;...My opinion gatheres from other sources suggest week to months.... I wish I knew exactly..... Pizzaman

To: DAVID who wrote (12236)	7/28/1998 10:58:00 PM
From: Bill Fischofer	Respond to of 23519

Re: What happens Assuming you had sufficient margin, you would cover at $22. If you didn't have the margin your broker would cover for you at whatever market price prevailed. Any spike over the offering price would be very short lived as arbitrageurs would rush to take advantage of the situation. Again, assuming sufficient margin one could also cover synthetically by buying shares of the acquiring company to be delivered against those previously shorted. The point is institutional players would have lots of options at their disposal to take their licks in an orderly manner. As usual, the small fry would be hung out to dry.