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

To: Thomas C. Donald who wrote (6158)	12/14/1998 12:05:00 PM
From: Obewon	Respond to of 6318

I must say that management's agreement to time the announcement along with Mattel's earnings disappointment reflects some bad judgement. I'm also diappointed with the lack of any definitive minimum on the offer. Ridiculous that management didn't expect todays drop in Mattel's share price. The poor results of Mattel has increased the downward push due to several managers dumping their TLC holdings (someone just posted who reflected this "I didn't buy TLC to invest in a slow growth toy company"). The downward pressure on all tech stocks isn't helping either. OB

To: Thomas C. Donald who wrote (6158)	12/14/1998 12:07:00 PM
From: Doughboy	Read Replies (1) \| Respond to of 6318

Mattel is currently trading at 23-5/16. Under the terms of the deal, TLC should be trading at $28. There goes the premium. I'm shocked at this deal. To me, it is complete surrender by TLC management. The analysts out there have extolled TLC as a 36-40 dollar stock on its own; what possible advantage is achieved by selling to a slow growth turkey like Mattel, which just announced slow sales during its hottest selling season. Admittedly, I have very little money in TLC (having been ground up first by the Broderbund-TLC deal), but this sell-out burns me up. There must be something ugly in TLC's future to have waved the white flag like this. Doughboy.