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To: Big Dog who wrote (7067)1/20/1999 1:29:00 AM
From: StilKrazy  Respond to of 8359
 
<<I must agree with Kurt Vedder. It was a mistake to "publicly" set a timeframe.>>

Considering there are several suitors for ABT, it makes sense that this "publicly" set time frame was also intended to let the competitors know that ABT meant business, and that they weren't willing to, nor do they need to, wait forever. Do you believe that we're the only ones who know the real potential for the type of product and technology that ABT owns? Or how valuable this would be to a number of MACCs?

I don't know why you sell these guys so short with all they've done in the past 18 months or so. When you do something such as they have done, and on that level, then you can complain about the way they do business.



To: Big Dog who wrote (7067)1/20/1999 5:20:00 PM
From: M. Carver  Read Replies (1) | Respond to of 8359
 
Darrell,

Thank you for your post (as always)!

In regards to your comment:

"So, please don't put Dr. Thomas in a position of striking a deal for the sake of saying I met my commitment"

I think it is important to point out that Dr. Thomas put himself in that position, not me. It is Dr. Thomas who has set the expectation for a buyin/buyout in a January to early Feb. timeframe. As a shareholder, I am only holding him accountable for the execution that he put forth.

And because Dr. Thomas and his management team are much smarter than me, I continue to trust their judgment in this matter.

I keep asking myself "Why has ABTX been so specific about the timeline and the potential valuations for this strategy?" I think (or perhaps hope) that the answer is that this is basically a done deal except for the formalities (otherwise, why would you set yourself up to disappoint shareholders and WS?).

The only push back I have seen from ABTX on this issue for the last 4 months was to potentially back up the buyin/buyout to early Feb. rather than late Jan. due to the holidays.

In closing, there was a detailed article written on 12/24/98 (an interview with John Francis) in a local Oregon newspaper that reinforced the deal (and timetable) was alive and well. Sorry, I don't have the link, but it was on an earlier post on SI and very positive (from you Darrell?).

Good Luck all !