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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: Donald Isenhower who wrote (12274)6/5/1999 11:30:00 AM
From: Harve Wolfe  Read Replies (1) | Respond to of 12298
 
Don-I find this all very irregular! See my post:
Message 9945149
Personally I'm NOT going to try and play it without some
confirmation from my brokers or a public source. I've phoned
both of my brokers, neither had reference to this tender offer.
Be careful! If the offer is real. This may be an attempt to cover
a big short position without moving the market. In that case there
may not be any near term move up on it? Speculation ONLY on my part.
Harve



To: Donald Isenhower who wrote (12274)6/5/1999 1:05:00 PM
From: Frodo Baxter  Read Replies (2) | Respond to of 12298
 
Don't know what it's about. It's such a small amount they're tendering for, that they can most likely get them on the open market for less.

But I don't see any reason why a current shareholder would not want to tender his shares. If you really like the stock (yeah right!), you can always buy it back for cheaper than 4.


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