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Investor Sues to Block HP's Palm Buy

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"I'm not making as much money as I want"

Menno

May 7, 2010, 1:06 PM
"So I'll sue the company to make sure it can't sell, it goes out of business, and I get nothing"

Isn't it wonderful the way people think?
/sarcasm
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diggitydogg76

May 7, 2010, 1:31 PM
Greed does amazing things!
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Versed

May 7, 2010, 2:10 PM
And doubtful if it gets anywhere.
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Slammer

May 7, 2010, 2:29 PM
Many investors of Haloid Corp back in the sixties thought the same as this guy when Xerox took over. They sold their stock. The ones that held on, made millions!
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Jayshmay

May 7, 2010, 4:45 PM
Your a tech historian Slammer!
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redboy

May 7, 2010, 5:57 PM
wow, who would ever think that an investor would like to make money?
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Slammer

May 8, 2010, 10:58 AM
Not really Jay. I had relatives that worked for Haloid. It was a very bitter collaboration between Haloid's employees and the two companies. Late 50s, early 60s, was a time of uncertainty with upcoming technologies. Many sought advice from brokers for answers. Unfortunately, many Haloid employees including my relatives became victims of circumstance. They chose to move on for stable employment rather than chance. Many were given jobs at Eastman Kodak. My relatives were of that group. Employees that decided to remain at Xerox Haloid(Now just Xerox), were able to retire very young. Nobody up until 1965, could have forseen the dramatic increse of demand for Xerox products.
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trojandrew

May 7, 2010, 3:24 PM
no joke, what an idiot /boggle. I would be STOKED that Palm stock went up immediately by 25% at the announcement of the purchase? I haven't checked recently, but I'm sure it's better then the continual downward spiral it would have been on.
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gringo.mexican112

May 7, 2010, 5:59 PM
hope he gets rich 😁
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shiftmobile

May 8, 2010, 12:26 PM
trojandrew said:
no joke, what an idiot /boggle. I would be STOKED that Palm stock went up immediately by 25% at the announcement of the purchase? I haven't checked recently, but I'm sure it's better then the continual downward spiral it would have been on.


Really? Would you be stoked if it was still 75% less than you bought it for even though it was up 25%? Funny how the internet jockeys are smarter than the guy who had the $$$ to invest in the first place.
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trojandrew

May 8, 2010, 12:29 PM
Going up 25% is going up 25% no matter where you bought it. You think investors would prefer it to not go up 25% at all and lose more? What's your logic? Of course I would be upset that it dropped overall from where it was last year, but that has nothing to do with the HP purchase or the fact it just went up 25%.
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Menno

May 8, 2010, 2:16 PM
Stocks are always a risk.

The stock's been tanking for months now. Any rise is a good thing
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netboy

May 8, 2010, 3:56 PM
now i know why that fool/idiot yahoo ex-ceo refuse the microsfot buyout at 33buk!
i guess he bought a boat-load at over 40$?
he losing money if he sold at 33$ to microsoft?
or you rather hold on your yhoo at 15buk and 29 cents? hahah
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netboy

May 8, 2010, 3:59 PM
oh, some people are really smart here!
just because you still losing 75% of your money on palm (if hp buys palm at 7.50$).
so you rather block the buyout and hold on to your palm shares at under a buk? (if buyout is blocked?)*

*my opinion
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Versed

May 8, 2010, 4:26 PM
That is because there is a thought that there is a given right to make money on an investment without the acceptance that their could be a loss. BTW this only holds true for the rich investors.

Most times you do win, but sometimes you do lose.
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algorithmplus

May 9, 2010, 9:46 AM
Versed said:
That is because there is a thought that there is a given right to make money on an investment without the acceptance that their could be a loss. BTW this only holds true for the rich investors.

Most times you do win, but sometimes you do lose.

Lol...block the purchase, let the company go bankrupt, lose your stock, and let all the employees lose their jobs as the patents are liquidated in a fire-sale to pay creditors.

Not just investor, but everybody lose! (in the Italian accent)
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algorithmplus

May 9, 2010, 9:43 AM
shiftmobile said:


Really? Would you be stoked if it was still 75% less than you bought it for even though it was up 25%? Funny how the internet jockeys are smarter than the guy who had the $$$ to invest in the first place.

I would be totally stoked if it was 75% less than I bought it for instead of 90% less than I bought it for. I'd realize I'd have to take a loss, accept it, and be glad that the loss got somewhat minimized with the acquisition. That's the nature of investing...if you can't accept that investments might lose value, you should put your money in a certificate of deposit, FDIC insured money market account, or even interest bearing checking account (which all have interest rates so low t...
(continues)
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algorithmplus

May 9, 2010, 9:36 AM
Menno said:
"So I'll sue the company to make sure it can't sell, it goes out of business, and I get nothing"

Actually, that's not true. He'll get years of Chapter 7 bankruptcy liquidation and litigation. After that's finished, he'll get nothing.
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Amarantamin

May 9, 2010, 6:59 PM
What exactly was damaged, anyways? This guy's ego? Stocks are a risk, companies go under, and paying a lawyer to whine when he loses money benefits nobody. What a pompous prick.
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