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Technology Stocks : Icon CMT Corp. (ICMT) -- Ignore unavailable to you. Want to Upgrade?

To: Toby Zidle who wrote (117)	9/17/1998 8:55:00 AM
From: cyberman	Read Replies (1) \| Respond to of 128

First off the story is definitely true because I read about it briefly yesterday from a Bloomberg terminal, probably was a Bloomberg story that the Dow and Reuters were late in picking up - I will post the details today when I get the chance. Interestingly the lawsuit wouldn't push the stock short but conversely long I believe because it was arguing that the buyout price was too low and that the sale should be blocked. It also stated that the Company should shop around for better offers because the plaintiff believes that the COmpany is worth more than $12. If the shareholder wins, the court is basically blocking the sale because $12 is TOO LOW of a buyout price and is thus unfair to shareholders Certainly interesting...I am long by the way and with this lawsuit it seems like a win/win situation - notice how Qwest has done since the announcement - The STREET liked the ICMT deal big-time. That is HUGE - As a long, I don't know when I've been happier to see a lawsuit

To: Toby Zidle who wrote (117)	9/17/1998 9:09:00 AM
From: cyberman	Read Replies (1) \| Respond to of 128

Here are the main points Wilmington Delaware - Shareholder Aaron Parnes is saying that investors will be shortchanged by the Qwest deal. The suit seeks to block the acquisition. The suit says that the price does not account for the potential growth of the combined businesses. He said that ICMT officials should have shopped around for thebest offer. Parnes is asking a Delaware judge to block the sale until an independent assessment of ICMT's value is done through a BIDDING process. Opinion - I think that if this is GREAT for longs because lets say this does happen, so we go to a bidding process and then who knows? The KEY - The STREET loved the deal - look at what QWEST has done since the announcement...Other competitors, analysts are sure to take notice...Maybe today ICMT will go down, but either the deal goes through at $12 and it goe sback up or it goes to bidding and then who knows - we already have $12 on the table... Any thoughts...