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 : The Learning Company (TLC) -- Ignore unavailable to you. Want to Upgrade?

To: paul richards who wrote (6281)	3/26/1999 3:50:00 PM
From: bc_mack	Read Replies (1) \| Respond to of 6318

yep. all us suckers buying in the teens. whooeee did we get snookered.

To: paul richards who wrote (6281)	3/26/1999 4:19:00 PM
From: Trader Dave	Read Replies (1) \| Respond to of 6318

Actually paulie, on an accounting basis, the reversal of the mindscape one time charge INCREASED earnings last year. It increases amortization going forward and will reduce earnings going forward by almost $0.01 per share per year for mattel. (Immaterial as expected.) It would have been $0.01 per quarter for tlc stand alone, but their business momentum would have more than offset those non-cash charges as evidenced by the results that beat estimates by $0.05 in the december quarter. I don't disagree with you on mattel. For that matter, I also agree that management motivation at TLC is (was) WILDLY out of line with the shareholders. Perik and Oleary exercise their options on change of control and control relatively unrestricted mattel stock on the deal closing. This transaction was clearly in their short term interests and resulted in the massive dumping of TLC stock by long term institutional shareholders. There's nearly a 100% certainty the deal goes through since so much stock is in the arb hands. It would be a vastly different story if the vote were as of the announcement date. Don't underestimate the tricks mattel has prepared to try to goose their stock higher to push the ratio below 1.2. though. It was fun jousting with you. TD

To: paul richards who wrote (6281)	3/26/1999 8:10:00 PM
From: Obewon	Respond to of 6318

Paul, your fundamental problem is that you believe that the market ignores information (even speculative info such as you pushed last year) and acts in a logical manner to the release of "new info". Yes, you were proven correct concerning the acquisition charges however, the possibility had already been built into investors expectations. An added benefit of the merger to TLC is that I believe that upon change of control of the company the remainder of TLC's convertible debt can be exchanged for common shares even though it hasn't reached the conversion price. This may result in additionaly dilution but eliminates the debt. Obewon PS Are you involved on the MVIS thread over on the Yahoo! boards?