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05/31/03 1:16 PM

#29707 RE: loophole73 #29702

loop -- thank you for that clear and accurate statement; obviously, I fully agree (I'm really trying not to get going on this topic, so as not to provoke more discussion along such lines . . .)
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jmspaesq

05/31/03 1:38 PM

#29713 RE: loophole73 #29702

Loop:I Just Am Not Ready To Turn Away Offers Without Seeing the actual details.

I hear what you're saying but....

Your quote from dell, gates and jacobs only proves so much--which is that the success of THEIR COMPANIES may have depended upon avoiding being bought out.

That doesn't mean that their shareholders wouldn't have done better in the case of a buyout.

And it doesn't mean that someone who bought them out wouldn't have done as well OR BETTER exploiting their technologies.

Which isn't to say that things would have turned out better either.

I just hate to reject offers sight unseen. Especially rumors abut offers.

It might turn out that you're right but I don't think that every time a company is bought out that the shareholders lose. Some buyouts are done with breakups in mind. Some are done to acquire and exploit the assets of the target company.

And any analysis would have to include not just the buyout but the subsequent performance of the acquirer because one could turn around and invest in them assuming one didn't receive shares in the first place. It is possible that the acquiring company will more effecitively and profitably exploit the technology to the ultimate benefit of the target's shareholders who choose to invest in the acquirer.

So I never reject something sight unseen.

The other point I was trying to make was that there seems to be an inconsistency in the views of those who decry the idea of buyout but are simultaneously regular IDCC management bashers--if one thinks IDCC management is either incompetent or corrupt or both, then I would think that one would want to see the technology being exploited by someone who wasn't incompetent or corrupt or both.

And I'll state again that I don't share those negative views of IDCC management.