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Re: Corp_Buyer post# 32553

Friday, 06/13/2003 2:11:07 PM

Friday, June 13, 2003 2:11:07 PM

Post# of 433277
Corp_Buyer, if the story about Mr. Espy is true (he bought, then tried to entice analyst coverage but failed), he sounds more like a player than a long term investor.

There's a term on Wall Street for his type - "vulture". Vultures identify underpriced assets, buy a large stake, then take any action possible to increase the market value ASAP. The two most common methods for a quick profit are 1) breaking up the company into pieces to be sold individually (not applicable here), and, 2) forcing a sale of the company (very applicable here).

Many vultures try to get elected to the BoD (along with their cronies) and, if successful, inject their (short term) agenda on the company.

If I am correct about Mr. Espy's intentions, he would be ecstatic over a sale of InterDig for $45 per share today (since his first ploy failed).

Mr. Espy, if elected to the board, would represent the interests of all the impatient shareholders who want to turn a quick profit.

But he would not represent my interests. I'd like to see a complete 3G licensing program in place and give InterDig a chance to show what WTDD is worth before any consideration is given to selling - and, you know what? - that might take a while.






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