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Technology Stocks : The Learning Company (TLC) -- Ignore unavailable to you. Want to Upgrade?

To: Carmine Cammarosano who wrote (6101)	11/24/1998 2:53:00 PM
From: Trader Dave	Read Replies (1) \| Respond to of 6318

Wow! Big block went by! I think this was the handelsman stock from the sofsource transaction. (See the June quarter 10Q) In essence the company bought sofsource for $45 million using 1.6 million shares of stock. The company had control of the overhang through december of this year. Handelsman gets $45 million under any circumstances. If TLC sold the stock and collected more than $45 million, they keep the difference. If they sold the stock and collected less, they were obligated to make up the difference in cash. I think the company sold the stock and will show a reduced cost of buying sofsource of about $4 million. More importantly, the massive buyer is still out there supposedly with an appetite for well over an additional seven figures. Next key level to test and hold will be the $32 3/8 peak closing price form earlier in the year. If we can close above that........ TD