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   Technology StocksSIGMA CIRCUITS (SIGA)


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To: paul kneitz who wrote (177)6/2/1998 9:19:00 AM
From: paul kneitz
   of 200
 
$10.50 per share buyout offer!

This price seems way too low....would have preferred a stock swap at a higher value....

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To: paul kneitz who wrote (178)6/2/1998 9:24:00 AM
From: virgil vancleave
   of 200
 
tyco is getting a bargain as they say fair value is 1 times sales. and siga is priced at .5 times sales, not including the fact that their sales were growing. but it is apparent that the pcb industry overall is in a slowdown. i presently do not own any siga but have in the past and like the company. wish i would have bought at 3 instead of chickening out. good luck.

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To: paul kneitz who wrote (178)6/2/1998 10:49:00 AM
From: frank doolittle
   of 200
 
We just got screwed. No kiss, no postcard, no nothing. At least we can now get away from a loser management team.

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To: frank doolittle who wrote (180)6/2/1998 3:44:00 PM
From: paul kneitz
   of 200
 
Unjust Enrichment.

It's certainly bittersweet how long we've been waiting for this, then to see management give it away. On the other hand, you don't have to sell - let's see what the terms are for those who hold out.

Do you suppose they were having such a bad qtr. that they decided to throw in the towel? I don't think so...it's a case of unjust enrichment by those who hold the options......

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To: Rick Shepherd who wrote ()6/2/1998 8:19:00 PM
From: frank doolittle
   of 200
 
Good article in this weeks FORBES about TYCO. From the sound of the article, I wouldn't think that management could make any long term deals. Based on what I think about the management, they will be gone shortly. I bet they are trying to get as much as possible up front.

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To: frank doolittle who wrote (182)6/3/1998 9:02:00 AM
From: Brett Nelson
   of 200
 
Any danger in holding out for the full $10.50 as opposed to trading out now (at $10 1/4)?

It seems the market does not expect any further bids for SIGA, suggested by SIGAs price ($10.25) relative to the cash tender ($10.50). If companies are "in-play" the stock usually trades at a premium to the first cash tender offer.

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To: Brett Nelson who wrote (183)6/3/1998 10:38:00 AM
From: Gordon Quickstad
   of 200
 
I'm waiting for $10.50. It's 2.4% more and there'll be no transaction charges. There is a possibility that auditors will find something that squelches the deal, but that is more of a risk in high flying companies that were compelled to show large increases each quarter.

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To: Gordon Quickstad who wrote (184)6/3/1998 11:29:00 AM
From: Lyn Benson
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I don't suppose there are rumors of any other interested suitors out there who might think SIGA might be worth a bit more to them?

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To: Brett Nelson who wrote (183)6/3/1998 2:43:00 PM
From: frank doolittle
   of 200
 
Just hang on. When the deal is closed you will get $10.50 a share and not have to pay any commissions on the transaction.

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To: frank doolittle who wrote (186)6/4/1998 8:54:00 AM
From: Brett Nelson
   of 200
 
Thanks for the responses. I am less worried about transactions costs (only pay $12 on Waterhouse), but I have noticed the stock is slowly closing the gap since the announcement. As such, I will probably hold. Besides, perhaps another suitor will materialize before all the shares are tendered.

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