Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Ann Corrigan who wrote (3197)	1/26/1999 10:25:00 PM
From: SMALL FRY	Respond to of 5482

Ann, I was holding that same opinion but was reluctant to voice it out for fear that I may jinx this whole thingamajig or whatever is going on here. As I previously posted I had that same call from a rep about the proxy that many holders received. My instant reaction was think... TAKEOVER/BUYOUT!!! Why else would we run up so much on such an unspectacular report and uninspiring news? Daytraders can only churn this baby so much... something is afoot here. Now my concern is... who or what? Do I need to be concerned? Actually NO... not at the moment!!! I've never been a great believer of sell stops but for sure I'm going to install trailing sell stops from here on out... one can never tell when this thing's going to turn and bite like it has so many times before... causing so much anguish and loss of $$$$. Remember only yesterday when the MM's forced this stock down (it's apparent now) to grab more shares from the nervous nellies... things do happen in broad daylight... Now here's wishful thinking: Let's all collectively wish (or pray if it suits you) that this "whatever" gets stretched out like LU/ASND. Now that was a great run... G'luck and congrats all, SF

To: Ann Corrigan who wrote (3197)	1/27/1999 10:11:00 AM
From: Doug Langdon	Respond to of 5482

You may be right that KLIC's aggressive proxy solicitation will result in a buyout. However, as an ASYT shareholder, I received two calls from the company a few months ago to remind me to vote my proxies. So this is not unprecedented. From Briefing.com: The more they lose they higher their stock climbs... Whatever works I guess...Kulicke & Soffa (KLIC 26 7/8 +5 3/16) surged on news that company lost two cents less than expected... Never mind that loss of $0.38 was well below year ago profit of $0.40... Also forget fact that company saw sales plummet 50%, or that bookings fell 63% year/year... Heck, bookings were even off sequentially... But market chose to ignore all of that and focus on company statement that it sees sector bottoming... For their sake we hope so. More influential, however, will be Prudential's upgrade to accumulate.

To: Ann Corrigan who wrote (3197)	1/28/1999 6:10:00 PM
From: Q.	Read Replies (1) \| Respond to of 5482

I think the reason for the phone calls to solicit the proxy is either the option plan or to drop the Pennsylvania takeover condition. It could be the options ... that was the reason for ASYT's soliciting proxies a few months ago. I haven't tried to compare how dilutive ASYT's option plan is: they want something like 2 M shares over a number of years, which would amount to 10% dilution. If dropping the PA condition is the reason, I would guess that the reason is not that they are expecting anyone to take them over, but rather that they want to take over somebody else and use shares of KLIC to pay for it. If you read the proxy, it explains this statute quite clearly. Basically the present rules make it very unattractive for anybody to ever own more than 20% of the shares out. That serves as a takeover defense, but it also makes it unpractical to buy another co. by issuing >20% of KLIC's shares to do it. If shareholders vote for this proposal, it will actually reduce KLIC's protection against a hostile takeover, which is something you don't often see. Usually co.'s increase their protection against this. So they wouldn't be doing this for any reason related to KLIC being taken over. I'll vote for the proposal. If there's anything I would vote against, it would be the directors other than Scott Kulicke and Emerick. All the others have either zero shares that they own outright, or they have no useful experience (two of 'em run clothing retail stores, for crying out loud), or both. Unfortunately these useless directors whose interests are not aligned with shareholders are not up for re-election this year.