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Author Topic: EXBY+NEWS=$$$$$$$
omaha116
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I have to go along with Blackbeard on this one. First off, I do own this stock so take that for what it's worth. I called the IR number and got bounced around and then disconnected three times. I then called the Exabyte number and got Kelly Beaver's voicemail. He returned my call with in about 15 minutes-this was about an hour ago-and confirmed the same info. He said as of today that it did not look good for the "common shareholder". we went back and forth over a couple of issues but I did ask how the shareholder vote was relative if they (the shareholders) were simply voting themselves out of the picture. He said that in this type deal, there are normally a majority of shareholder vote already secured or anticipated. My final question was, "So is this fall in price justified?" and he replied that he thought it was, unfortunately. But hey, it's a penny and too often about perception and momentum so GLTA and do what you will. I'm hoping for a break even point.

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There are those for whom such life makes all other existence seem tame!

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matto
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buys, coming in!

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Trading is a blast!!

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matto
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nice job omaha, and thanks for the effort!!

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Trading is a blast!!

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Stockstar69
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Hmmm, went to Yahoo and pulled up insider transactions. Tom Ward the CEO has been buying large quantities every 3 months (see below). After all that why would he want HIS shares to become worthless also?

WARD, TOM W.: Declared Holdings
Company/Relationship Reported Shares Ownership
EXABYTE CORP
Chief Executive Officer
OTC BB:EXBY.OB

(historical quotes, profile, other insiders) 1-Jun-06 835,546 Direct
EXABYTE CORP
Chief Executive Officer
OTC BB:EXBY.OB
(historical quotes, profile, other insiders) 1-Sep-05 6,764,915 Direct


Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction ADVERTISEMENT


1-Jun-06 83,049 EXBY Acquisition (Non Open Market)

1-Mar-06 44,843 EXBY Acquisition (Non Open Market)

1-Dec-05 30,804 EXBY Acquisition (Non Open Market)

1-Sep-05 213,819 EXBY.OB Acquisition (Non Open Market)

1-Jun-05 130,536 EXBY.OB Acquisition (Non Open Market)

9-Mar-05 125,815 EXBY.OB Acquisition (Non Open Market)

6-Dec-04 99,008 EXBY.OB Acquisition (Non Open Market)

3-Sep-04 88,405 EXBY.OB Acquisition (Non Open Market)

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IMAKEMONEY
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watch out, for a GAPPER.JMO

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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matto
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down or up?????

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Trading is a blast!!

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IMAKEMONEY
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up!!!!!!!!!!!!!

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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vinnie1
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SHE MAY KEEP GOING DOWN WITH WHAT WE KNOW.
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omaha116
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Stockstar-
Would it have anything to do with the TYPE of shares purchased? I noticed that there was a specific pecking order alluded to in the PR and that common shares seem to be at the bottom. Not something I know a great deal about, just curious? Anyone?

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There are those for whom such life makes all other existence seem tame!

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Revrat
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Because obviously "his" shares will not be worthless. It all sounds pretty shady to me
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vinnie1
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SUCKSSSSSSSSSSSSSS
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BLACKBEARD
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right now now his shares are onlyworth around $26,000

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PREPARE TO BE BOARDED

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Stockstar69
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quote:
Originally posted by BLACKBEARD:
right now now his shares are onlyworth around $26,000

Only $26,000 now but over $100,000 this morning and he could not sell due to insider trading and let this happen anyway???

Getting stranger by the minute.

I'm watching for a PR stating a correction to a typo from the earlier PR. LOL

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BLACKBEARD
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only thing i can come up with is sumthin like a hostile takeover to eliminate compition. if they do come out with that pr , it will bounce like a super ball , i'll be watching too
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matto
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i will dd later! nice job by all!

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Trading is a blast!!

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moremula
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I had higher hopes for this one and am glad i didnt get in around .13. I did get a small position at .045 though and will hold.
A lot of shares traded today and I believe it will go up (how much , who knows, and are we at the bottom yet?)
MM's should be setting on a pile of shares, its hard to believe that they'll let them go to waste, but who knows stranger things have happpened

GLTA

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onecentlotto
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News.


*DJ Imation Doesn't See Material Effect From Tandberg, Exabyte Merger

08/30/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)



(MORE TO FOLLOW) Dow Jones Newswires

08-30-06 1709ET

Copyright (c) 2006 Dow Jones & Company, Inc.

DJ Imation: Exabyte Note Restructuring Won't Affect Results


DOW JONES NEWSWIRES

Data-storage company Imation Corp. (IMN) said restructuring agreements concerning its holdings of Exabyte Corp. (EXBY) convertible notes won't materially affect Imation's financial results.

Tandberg Data ASA (TAA.OS) recently agreed to acquire Exabyte Corp. for $28 million, and as part of the deal, required Exabyte to restructure the notes, which are also held by Hitachi Ltd. (HIT) and Solectron Corp. (SLR).

According to Exabyte, the restructuring would reduce amounts currently due under various debt instruments, and require that new or restructured notes be issued, payable in certain circumstances, as well as the waiver of any existing and future events of default.

-John Seward; 201-938-5400; AskNewswires*dowjones.com


(END) Dow Jones Newswires

08-30-06 1751ET

Copyright (c) 2006 Dow Jones & Company, Inc.


Copyright © 2006 MarketWatch, Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.

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edgewise
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as a matter of truth, i'm no longer in this stock. made $14 off of it, amazingly not a loss, at least..

anyways, i really like how this looks for tomorrow.
as bad as the news is, it won't really truly effect this stock till the shareholders meet in september-october to decide and then only if the deal goes through.

this was looking really bad, as it had gotten down to hit the .0265 mark.. but the good stuff is that it came off of that and closed above that on decent volume to push it back up.

people for tomorrow will see it as a deal, possibly, and since there's no emergency to have caused this, i'm thinking that it might act like BLLD next few days (hopefully).. go check out the 5-day chart for that one and compare the price behaviors of each.

anyways, in case i don't make another appearance here again, i'd like to thank everyone that kept me company on today's rollercoaster here.

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Hindsight is 20:1.
It's like printing money.

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stocks1984
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to the dirt! be careful. (another reference of "too the moon" however opposite direction!
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MoneyMoneyMoney
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well I took some off the table but still hold 5k shares. I'm not sure what to think and didn't know anything of the news or what was happening. Just had to protect my capital like we always should.
5k moving with those L2's is still a really nice profit.

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I buy fast and sell faster!

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atleast
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Exabyte sold for $28 million
By Jeff Smith, Rocky Mountain News
August 30, 2006
Boulder’s Exabyte Corp., a struggling data storage company once described as the hottest high-tech company in northern Colorado, announced an agreement Wednesday to sell its assets to Tandberg Data ASA of Norway for $28 million.
The sale marks still another loss of a Colorado-based tech company. It comes on the heels of the sale of McData Corp., the last major player in the state’s celebrated data-storage industry.

McData was sold to Brocade Communications Systems Inc. for $713 million.

Kelly Beavers, an Exabyte co-founder and vice president of product marketing, said the current plan is for Tandberg to retain the north Boulder operation and offer jobs to Exabyte employees. Exabyte employs 170 worldwide, nearly 150 of whom are in Boulder.

The deal required Exabyte to restructure its debt agreements and for Tandberg to assume many liabilities. But Exabyte stockholders stand to lose everything.

Exabyte shares, traded on the over-the-counter bulletin board, dropped 75 percent to 3.5 cents Wednesday after the deal was announced.

Exabyte, co-founded in 1985 by former StorageTek executive and co-founder Juan Rodriguez, once was considered a dominant tape drive maker. But Exabyte started to fall on hard times in the late 1990s. Rodriguez, formerly chairman, went off the board several months ago although he is still listed as the company’s chief technologist.

"Spiritually, I think it’s been a pretty tough road for Exabyte," said Robert Amatruda, an analyst for the research group IDC. He noted that it’s difficult for people to "watch a homegrown company get snapped up, especially by a foreign entity."

But Amatruda said Exabyte found itself in an industry dominated by a few, larger companies. "It wasn’t indicative of their products, which were very well-designed."

He said he believes Exabyte management did everything it could in recent years to increase revenue and win new customers, "but the world of tape transitions happens slow." He said the deal gives Tandberg a "well-respected brand in the storage industry" and a U.S.-based distribution channel.

"I’m sure there will be ‘efficiencies,’ but at the end of the day, they want to grow their North American business," Amatruda said of the prospect of Tandberg retaining Exabyte employees.

Exabyte generated $21.6 million of revenues in its first quarter of 2006, while Tandberg Data had $30.5 million of revenues.
Beavers said most liabilities are being settled or assumed by Tandberg, with a "minor amount" still outstanding. But he added there is the possibility of continued negotiations.

Exabyte plans to liquidate its operations immediately after the transaction closes, though it’s possible some creditors may decide to litigate the issue.

Most investors already had given up on Exabyte. Even before the deal was announced, the stock had declined to less than 15 cents a share.

Beavers said employees were informed of the sale Wednesday morning, but it was still early to assess the mood.

He said he believes the sale could make customers more comfortable buying Exabyte tape backup systems, which typically are used by small to medium businesses. "I think resellers should find more confidence (now)," he said. "It’s more of a future than we had."

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T e x
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my daughter knows some of those folks...will call for common-knowledge report...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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atleast
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quote:
Originally posted by T e x:
my daughter knows some of those folks...will call for common-knowledge report...

Tex, are you in?
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T e x
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no

but--lol--you should *never* judge a play by whether I'm in or not...

some weeks I do only safety plays, another day I do crazzzy chit that I never post about...

on the board, mostly i help with DD...usually, if I post I'm in? I'll post when I'm out...not always, but usually...

My sporadic/weird work cycle is such that I miss obvious plays; my personality is to risk something "just to see what happens"; my work ethic is to keep my tools (capital) out of the rain.

Examples: I posted about the gap-to-be-filled on FHAL (now CSHD) at whatever-decimal-point 13, and was jeered/questioned, etc... When it dropped, I had gotten beeped to a service call. Had I been able to trade when it fell to xx13.5--14? Boom! next uptick? I'm in... and it had a good run from there.

Other hand? I just spent nearly two hours spread over 4-5 weeks getting $400 on a geek play (MLNK/ARGA). Cost me $54 to get $400...but I hadda prove a point...point being? If traders make mistakes? No one sticks up for us, eh? we eat it... yet, when companies/brokers/dealers screw up? ohhhhh, too bad... here, let SEC tell NASD to just go ahead and suspend those buy-in provisions...

well, ha ha ha--got my dough and some buddies' dough, too

anyway, see my point? My risk-tolerance is different, but my message remains:

ALWAYS PROTECT CAPITAL

[ August 30, 2006, 23:01: Message edited by: T e x ]

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Danny12345
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I got a tiny little to test myself as a guinea pig.... GLTA

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Learning The Way Of Life....

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vinnie1
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FALLING KNIFE MAKE SURE YOUR NOT IN THE WAY OR ITS GOING TO HURT BAD IAM OUT OF THIS.
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Stockstar69
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I think the knife fell yesterday AND the giant gap may need to be filled.

I'm curious to see what the next few days brings.

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vinnie1
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ENTER AT YOUR OWN RISK.LOL
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matto
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Stockstar69 i agree let see what happens!

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Trading is a blast!!

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moremula
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Its hard to believe that we the shareholders are holding all the shares that traded yesterday. and its even harder to believe that insiders and mm's plan to be left holding the bag. IMO this should bounce, how much and at what the low is is the question
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vinnie1
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I THINK IT WILL SEE .01 TODAY.IMHO
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Revrat
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It's not hard to understand. The insiders are taken care of. As someone in this thread already said they essentially already know how the vote is going to go. Meaning that 51% of the shareholders have been bought off. I smell lawsuit.
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People are actually buying in... RISKY !

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All I say is IMHO.

I like these calm little moments before the storm... Reminds me of Bethoven

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I am still hoping to see it back at 0.10. and it might be possible. :-)
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vinnie1
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CRAZY IS MORE LIKE IT.
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