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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?

To: Guy Gadois who wrote (2274)	4/28/1999 11:40:00 AM
From: Michael	Read Replies (1) \| Respond to of 3187

Why in the world would an office supplies retailer suddenly decide they want to own a computer sales chain? I don't care if they both sell PCs. Sears sells PCS, maybe they are going to buy CompUSA. I don't think this makes a lot of sense. We don't have Staples in Chicago. If they want to expand, they will build a staples, not takeover Compusa stores.

To: Guy Gadois who wrote (2274)	4/28/1999 12:08:00 PM
From: Ploni	Read Replies (1) \| Respond to of 3187

If most of management can keep their jobs or get a "golden handshake" for signing they would push a deal through. If they sell the company, that would be a blow to their egos. It would mean they are incompetent and unable to successfully run a business. No amount of money could make up for that. In fact, they already have plenty of money: the company has (had) $4 a share in cash, worth a few hundred million. They can probably raise a few hundred million more and put the company in debt; what do they care? A few hundred million to play with is better than any golden parachute. Hey board, how about a Christmas bonus in April, I need a new house and car? Sure, Halpin, here's $20 million out of our cash account, because you've done such a good job.