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Technology Stocks : GTIS - Will it be a Phoenix or not ?

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To: Burlitis who wrote (2291)11/15/1999 10:00:00 PM
From: Mike O'Brien  Read Replies (2) of 2319
So basically, individual investors in this stock just got screwed. Not only was there no takeover premium, but Infogrames paid less per share than the going market rate, valuing GTIS at less than its current market cap. In addition, all hope of profiting from a takeover is now gone, so the stock will quickly return to the level it was at before this latest round of takeover rumors. Finally, individual investors in GTIS now have essentially no voting rights in the company. The new board of directors will do what's best for Infogrames, not what's best for individual investors. Any focus that the board had on improving the stock price is gone.

For a look at what the future holds for GTIS stock, look at what happened to IPLY stock after it got taken under by Titus.


Disclaimer: this is my personal opinion, and I hold no position in this stock.
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