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   Technology StocksHughes Electronics (GMH)


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To: Glenn Petersen who wrote (268)2/8/2003 11:07:33 AM
From: Paul Senior
   of 277
 
I would guess that GMH would be a good speculative buy if there's a buyout offer. The problem I see, is that last paragraph that begins, "It is possible, however,...." If it's possible (doable and legal) to take control by only buying GM's shares for a premium, then it may not make much sense for an acquirer to make an offer for all the public shares. Especially if GMH stock continues to drift around current levels. Why spend the $7B (according to the article) now on an offer when it could be made later, and maybe even at lower price if GMH has drifted to new lows? I guess that decision has to be weighed by how aggressive the acquirer is (wanting 100% of GMH's future profits), and how much savings there are in having a 100% subsidiary instead of a public company with its public scrutiny and reporting.

jmo.

(I have no position in GMH stock.)

Paul Senior

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To: Paul Senior who wrote (269)4/12/2003 2:33:18 PM
From: Bill Murray
   of 277
 
Looks like GMH shareholders are shafted again by GM, whose Finance leader says we are lucky to exchange a tracking stock for an asset-backed stock.

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To: Metacomet who started this subject4/17/2003 7:03:47 PM
From: terracin
   of 277
 
hey guys, finally hughes might (will) be ....
worth something again. if this deal with murdock goes through-and it should because it's a win win situation all around. we'll have a real stock and not a tracking stock.
although for your 100 shs you'll receive 82.5 new shs of hughes,(unless it's in your gm pension fund and them you'll receive the new shs at 1 to 1) but atleast you'll have a real stock with a real mgmt team and someone on top (murdock) with vision.
i think this stock will fly

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To: terracin who wrote (271)4/19/2003 1:47:12 PM
From: shoe
   of 277
 
I think converted Hughes stock will do well too, but I think that's it worth a try for GMH holders to write management and insist that they forego to $275 million bribe they are requiring to do the conversion. Hughes Electronics has enough debt already and still hasn't broken even.

Regarding the mandatory 17.5% tender, I also think that all GMH shareholders should get the same thing, not all cash for the pension holders and just stock for the rest of us.

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To: shoe who wrote (272)4/19/2003 1:50:19 PM
From: rrufff
   of 277
 
It won't do any good to write management as they have a vested interest in seeing this go through. See, e.g. bonus payments, change of control, options,new jobs, etc.

It would be better to write pension funds, mutual managers and other instituional holders and asking them to get some backbone and vote against this deal.

I bought at 10 so I'm not going to lose but I think it's a crime how they have breached a fiduciary duty to GMH shareholders in my opinion.

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To: terracin who wrote (271)8/29/2003 2:18:25 AM
From: terracin
   of 277
 
hey guys, finally hughes might (will) be ....
worth something again. if this deal with murdock goes through-and it should because it's a win win situation all around. we'll have a real stock and not a tracking stock.
although for your 100 shs you'll receive 82.5 new shs of hughes,(unless it's in your gm pension fund and them you'll receive the new shs at 1 to 1) but atleast you'll have a real stock with a real mgmt team and someone on top (murdock) with vision.
i think this stock will fly

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To: Metacomet who started this subject9/17/2003 1:24:32 AM
From: terracin
   of 277
 
read this, it's good for gmh

tvweek.com

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To: terracin who wrote (275)9/18/2003 5:38:55 PM
From: rrufff
   of 277
 
Been holding GMH for awhile and find it awfully difficult to figure out a goal and how the puzzle will be put together and how and whether it will benefit GMH - (to be) Hughes.

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To: Metacomet who started this subject10/29/2003 9:34:40 PM
From: terracin
   of 277
 
it's happening. we just have to clear the doj, the fcc will be no problem.
for the up to date info, check yahoo.
finance.yahoo.com

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