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  • wb46 wb46 Oct 9, 2012 2:32 PM Flag

    Poll - Date of ALU Bankruptcy

    That's a good question, wh00. I have been trying to figure it out too. I am hoping it means they are spinning off IP and Austin will be their new headquarters. That company's stock would trade at $1.25-$2.00 and provide a base for our investment, no matter how low ALU goes. But my question remains, if the Austin report means something good, why don't they tell us? Why would they allow the shares to get killed unless they believe that's all they are worth?

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    • I know what you do; but I find it interesting that someone posted (today or yesterday) about an email reply from someone else at ALU. his response was similar to the one I received from ben -- "I can't comment".

      companies that are negotiating mergers, for instance, are advised by their attorneys to stick with the 'no comment' policy.

      • 1 Reply to wh00_123
      • Companies that are negotiating mergers can't comment - I like that explanation!! But why on earth would they be looking to lease 70,000 square feet in Austin if they are negotiating a merger? If the other side is the dominant party (and I hope so like a Samsung or a Cisco, not an NSN), don't they make the call, and if not, why doesn't ALU use some of that space and some of those employees it is planning to pare down? Just trying to understand what is going on, and hoping that ALU has a positive surprise for us long-suffering shareholders.

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