CompuServe Messages

I'm a little surprised to see nothing on this 'news story' up here on the 'news and rumors' section tonight. FACT – Commodore stock trading was halted today for about 1/2 hour due to takeover rumors. FACT – Commodore won their IRS battle the other day. At that time the stock was down to 13. It immediately gained up to 14 or so. FACT – Commodore was today's most active issue (or nearly so) and climbed up to 15.75 on the takeover rumor. RUMOR – The takeover suitor rumored to be Nintendo. FACT – Commodore executives were unavailable for comment. FACT – Ninentend is SWIMMING in cash. Commodore ain't doing so bad either – at 13 to 15 its stock price must look awfully attractive to a takeover planner. I occasionally watch the TV stock exchange programs briefly during the day. Usually I can watch for hours and not see CBU go flying by on the 15-minute delayed ticker display. Today I turned it on and CBU went by every 10 or 20 seconds. FACT – trading was resumed after sufficient supplies of shares became available for making a market. FACT – CBU closed at 15.625 on 3/26/92.