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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Smartypts who wrote (3898)	2/26/1999 1:01:00 PM
From: Bucky Katt	Respond to of 57584

JMAR Technologies Inc. Adopts Shareholder Rights Plan SAN DIEGO--(BUSINESS WIRE)--Feb. 26, 1999--JMAR Technologies Inc. (NASDAQ NM:JMAR - news), a growing provider of precision micro-technology products, announced today that it has adopted a Shareholder Rights Plan to protect against certain types of coercive takeover practices that could deprive JMAR's shareholders of the fair value of their shares. ''Today, more than 2,000 public companies, including a majority of the companies in the Standard & Poor's 500, have in place similar plans to protect their shareholders against unfair takeover tactics,'' stated JMAR Chairman and Chief Executive Officer John S. Martinez, Ph.D. ''We consider the Shareholder Rights Plan to be a valuable means of protecting our shareholders' right to realize the long-term value of their investment in JMAR, while at the same time not denying them the benefits of a fair acquisition bid. The Plan will not prevent a takeover, but should encourage anyone seeking to acquire the company to negotiate with the Board of Directors prior to attempting a takeover to ensure that our shareholders receive full value for their shares, including the 'control premium' that should be included in that price. ''The Board of Directors believes that JMAR's positive financial performance, its sustained progress in the commercialization of its emerging products and its positive future prospects are not adequately reflected in the current price of its stock. In anticipation of the achievement of several significant commercialization milestones over the course of the year, the company believes that the best way to ultimately maximize shareholder value is through investor recognition of the company's value as these milestones are announced,'' Martinez added. JMAR is undervalued, IMO.