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Technology Stocks : Telxon (TLXN) -- Ignore unavailable to you. Want to Upgrade?

To: John M. Gelnieau who wrote (369)	12/18/1998 5:28:00 AM
From: Tibor	Read Replies (1) \| Respond to of 378

John, I think you are right. On second reading of the bylaw amendment, it seems that it is the greater of (i) $40 or (ii) 140% of the average closing price of the previous 20 days, NOT as I interpreted it the lower of (i) or (ii). If this is the case than my conclusion is wrong, since no matter how low the stock closes at SBL would have to pay $40. I have not yet come up with any other explanation of the intraday patterns.