To: Nimbus who wrote (139) | 2/28/2000 11:08:00 AM | From: dexx | | |
Sorry, but I have been unable to find out anything substantive relating to this recent price increase.
The only reasonable assumption I can come up with is that there is a buyout coming and people are positioning themselves for the announcement. This is only my opinion however.
Dexx |
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To: dexx who wrote (140) | 5/23/2000 7:47:00 PM | From: Mike Hermann | | |
From CNBC
Now, the funeral: Smith Corona, which has been struggling in recent years to find a place in the New Economy, will sell its remaining assets to Carolina Wholesale Office Machine Co. for $6 million. Smith Corona created the first commercial portable in 1906. Teddy Roosevelt took a Smith Corona on his African safari in 1910. To make matters worse, Russian officials warned today that they may halt exports of black caviar due to a poor sturgeon catch - which means that Smith Corona execs can console themselves with the thought that their company may go the way of caviar. |
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To: Mike Hermann who wrote (143) | 5/23/2000 11:36:00 PM | From: dexx | | |
I don't know. The press release didn't say anything about it that I could see. I think the shareholders will probably wind up holding shares in a shell company.
My SCCO losses were substantial.
The only hope is that SCCO comes out a clean shell and someone takes it over.
Dexx |
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