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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (57047)	4/22/1999 6:29:00 PM
From: MythMan	Read Replies (2) \| Respond to of 132070

MB, stop bragging or we'll mention Chuckie -g-

To: Knighty Tin who wrote (57047)	4/22/1999 6:45:00 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 132070

Michael and other pros, got a technical question .... I understand companies like DELL and MSFT make investment income via trading in their own stock. The most common avenue is selling calls or puts. Let us use DELL as an example. Is it legal for DELL to be selling puts, knowing that they are going to have a favorable announcement in the immediate future? (and vice versa) Is this a common practice and would it be public information somewhere as to when and what they traded each qtr? Along the same line, many companies practice share buy backs for different reasons. Are there any SEC or corporate rules that governs when and how they exercise these purchases? Needless to say, they are the ultimate insiders. I am still wondering where does the $350 million investment profits came from for MSFT this qtr. TIA Ramsey

To: Knighty Tin who wrote (57047)	4/22/1999 7:00:00 PM
From: Warren Van	Read Replies (1) \| Respond to of 132070

MB, please offer your sage advice on dealing with a merger/takeover. I bought shares of Tava at around $6. This week an offer was made to buyout Tava for $8 all cash by Real Software (a Belgium company). The buyout will be completed in the summer if all goes well. Right now, Tava is trading around $7 (stock was trading around 5-6 previously). What would you do to capitalize on this development? Buy more shares now hoping to get 14% in 3-4 months? How often does an offer get "sweeten" if a significant but minority group of shareholders dissent against accepting the offer? Right now, I am sitting tight to wait for the formal proxy statement detailing the offer. A second appraisal might be done for the company at which time Prudential's $8 figure might be deemed too low. Thanks, Warren