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Non-Tech : PSUN A new breakout at $30+! -- Ignore unavailable to you. Want to Upgrade?

To: Mathon Dabasir who wrote (919)	2/11/1999 10:28:00 AM
From: E. Graphs	Respond to of 1622

Hey guys, keep an eye out for the SI swimsuit issue... ....PSUN ad somewhere in there. <g> biz.yahoo.com >>Pacific Sunwear of California Inc. (Nasdaq:PSUN - news) said Wednesday it will launch its first-ever national advertising campaign, and it plans to add 108 new stores in 1999. The first series of ads breaks this week and next week in the Sports Illustrated Swimsuit Issue, Teen People and Seventeen. Subsequent advertisements will continue throughout 1999, the company said. Pacific Sunwear is a retailer of everyday casual apparel, accessories and footwear geared to teens and young adults.<<

To: Mathon Dabasir who wrote (919)	2/11/1999 3:51:00 PM
From: Toby Zidle	Read Replies (1) \| Respond to of 1622

But you should realize, Sir Dabasir, that boards of directors are not neutral, disinterested parties. They can feel threatened when a stranger comes on the scene. If they haven't managed their assets well and Sam's Club (to continue our earlier example) believes they can do it better, Sam's may just want to do it better. But the board can say, "that would be suicide to us; here, take your poison, Sam". The board is not neutral in these things. A poison pill indicate defensiveness. The shareholders own the company. Major issues, such as future ownership, are best decided by the present owners, not by people who feel that their own cozy, complacent nests might be displaced. (Note: This applies to poison pills in general. It is not intended as a disparagement of the PSUN Board specifically.)