A little follow-up on this. Even if this committee manages to scrap together enough shares to outvote the other share holders (which I seriously doubt it can), any company with a vested interest (like Palm) could simply decide to spend a million dollars to buy a lot more shares and the matter would be over. Palm is already offering twice the market valuation of Be Inc. Somebody did not do their homework before launching their "initiative". I wish they would stop in order to avoid fragmenting the community and possibly poisoning Palm's interest in a legitimate deal, since this effort to totally doomed to begin with. =\ e Erik Jakowatz wrote: > > My understanding is that the deal does not actually close until the > fourth quarter, so in all likelihood Be still (technically) owns the > source. I wouldn't worry about this too much; a large percentage of > Be's shares are "floating". As it has been explained to me, these are > shares that have been offered for sale, but haven't actually been > bought. Which logically means they still belong to Be. > > These guys are making a lot of hoo-haw about nothing; theirs is not -- > as far as I can tell -- a feasible plan. > > e > > Yuri Titov wrote: > > > > be is nothing now.. they cant release any code if palm bought them out > > because its not theirs anymore unless i'm wrong. > > > > -yt > > > > ----- Original Message ----- > > From: "Michael Noisternig" <michael.noisternig@xxxxxxxxx> > > To: <openbeos@xxxxxxxxxxxxx> > > Sent: Thursday, September 13, 2001 5:05 PM > > Subject: [openbeos] Scarabeos 2001 going to prevent deal between Be and Palm > > > > > > > > Newly found an articel on German IT magazine Heise > > > (http://www.heise.de/newsticker/data/hps-12.09.01-000/) > > > about Scarabeos 2001 (http://de.geocities.com/scarabeos2001/), another > > > ambitious initiative to help BeOS to survive. > > > Since Palm has absolutely no interest to continue the development of > > > BeOS/BeIA, they want to _force_ Palm to put BeOS under a GPL-oriented > > > license, if Palm doesn't open-source it. They want to reach this goal by > > > holding the majority of Be's shares. 80 percent of the shares are owned > > > by small shareholders and since the share values are so low nowadays > > > they hope that there a enough people who will donate to this initiative. > > > They now need another 30 percent to hold the majority of Be's shares. > > > I'm curious what you think. > > > later, > > > Michael Noisternig. > > >