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   Technology StocksSCCO - Smith Corona


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To: dexx who wrote (137)2/28/2000 10:07:00 AM
From: Nimbus
   of 145
 
SCCO on FIRE

Know anything dexx ?

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To: Nimbus who wrote (139)2/28/2000 11:08:00 AM
From: dexx
   of 145
 
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
   of 145
 
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 (141)5/23/2000 11:17:00 PM
From: dexx
   of 145
 
It's a sad day when a 114-year-old company closes its doors.

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To: dexx who wrote (142)5/23/2000 11:19:00 PM
From: Mike Hermann
   of 145
 
Dexx,

It sure is, I guess the stockholders won't get anything?

regards,

Mike

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To: Mike Hermann who wrote (143)5/23/2000 11:36:00 PM
From: dexx
   of 145
 
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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To: dexx who wrote (144)5/23/2000 11:39:00 PM
From: Mike Hermann
   of 145
 
Dexx,

Sorry for your loss, I did not commit much to SCCO, I hope you are right about the damage control!

Regards,

Mike

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