Are these statements under things called...
'Safe Harbor'.
God help the 'Stockholders' if they want to make any sense of the ensuing blither. Who are these 'Stockholders' anyway?
"Significantly undervalues Emulex and is not in the best interest of Emulex stockholders."
Plus there is a good chance we 'The Management' will get the boot and, since we know the share price is inflated for reasons we won't go into, fortunately we are legally forced not to tell you, or the prospective purchaser, how bad this shit might be.
And don't even bother mentioning that we have not exercised our options..... yet. We just want an extra bit of 'bye bye' money when we do get booted, or absorbed into the 'new' company for more gravy and can exercise those rights, or not.
If it gives our Stockholders, and us, some more than what we might have been worth, according to someone else, then so much the better..... isn't it?
Oh do stop playing games.
"Your unsolicited proposal is an opportunistic attempt to take advantage of Emulex’s depressed stock price due to unprecedented macroeconomic conditions. Your proposal is approximately 37 per cent below the Company’s 52-week high of $14.74 per share."
Yah Yah Yah
16-May-08 14.38 14.74 14.28 14.60 1,415,200
http://www.google.com/finance/historical?q=NYSE:ELX&start=225&num=25
Good job you slipped that one in in the 52 week period..... Hows about this one?
11-Mar-09 4.92 5.17 4.86 5.12 2,562,612
Slap me with a kipper.... it looks like Broadcom are offering 100% more than your 52 week low and it also, might, look like they are only being forced to do that because 'something else' has been going on in the background.
http://www.google.com/finance/historical?q=NYSE:ELX&start=0&num=25
29-Apr-09 10.56 10.83 10.42 10.50 3,467,764
28-Apr-09 10.50 10.68 10.25 10.45 3,791,549
27-Apr-09 10.13 10.48 10.08 10.36 2,267,504
24-Apr-09 10.14 10.38 10.00 10.31 3,233,735
23-Apr-09 10.26 10.26 9.90 10.02 4,877,558
22-Apr-09 9.73 10.41 9.62 10.13 13,372,727
21-Apr-09 9.44 9.75 9.25 9.70 42,231,884
20-Apr-09 6.99 7.01 6.50 6.61 1,456,954
17-Apr-09 7.05 7.25 6.94 7.13 741,473
16-Apr-09 6.71 7.19 6.71 7.07 1,460,984
15-Apr-09 6.82 6.94 6.55 6.66 2,317,073
14-Apr-09 6.85 6.97 6.73 6.89 1,872,794
13-Apr-09 6.70 6.97 6.58 6.97 1,973,154
10-Apr-09 6.66 6.66 6.66 6.66 0
9-Apr-09 6.11 6.66 6.11 6.66 2,308,423
8-Apr-09 5.25 6.08 5.10 6.06 2,601,902
7-Apr-09 5.58 5.72 5.54 5.54 536,611
6-Apr-09 5.82 5.92 5.57 5.68 815,447
3-Apr-09 5.59 5.92 5.45 5.92 1,076,926
2-Apr-09 5.28 5.66 5.26 5.59 858,545
1-Apr-09 4.96 5.18 4.82 5.14 855,369
31-Mar-09 5.20 5.24 4.92 5.03 924,822
30-Mar-09 5.33 5.35 5.00 5.15 1,055,907
Not that that lot would 'suggest' that someone was busy during the build up to 21st April fudging about the place without the 'Stockholders' knowing about it. I mean like... that's only a 35% rise as the 'deal' is set in place.
There you go..... suck the punters in. Suck the punters in some more..... squeeze it just a little bit more then kill the deal. Oh dear, back down to $3 but thanks for the money. In the mean time we would recommend you sell the company off to Broadcom for the new offer price of $3.12. You get cash and we trade our options for options in Broadcom....
Err, what we meant to say was trading conditions are hard in the prevailing economic climate and like it's really hard and global stuff.... like. Oh and thanks for even more money.
Biting the hand that feeds IT
