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From: saj@chinet.chi.il.us (Stephen Jacobs)
Newsgroups: comp.sys.atari.st
Subject: Re: Atari Stock Update (hit n now if you don't want to read this)
Summary: I'll stand on this one.  Chris Mauritz thinks like an undergraduate
Message-ID: <1990Aug24.061358.28487@chinet.chi.il.us>
Date: 24 Aug 90 06:13:58 GMT
References: <1990Aug23.032316.2096@chinet.chi.il.us> <1990Aug23.160044.25447@cunixf.cc.columbia.edu> <1990Aug23.181723.19210@cunixf.cc.columbia.edu>
Organization: Chinet - Chicago Public Access UNIX
Lines: 35

In article <1990Aug23.181723.19210@cunixf.cc.columbia.edu> cmm1@cunixa.cc.columbia.edu (Christopher M Mauritz) writes:
>Recently, Stephen Jacobs tried to impress one and
>all with his brilliant knowledge of the Atari
>stock situation.  However, one of his key numbers
>was completely inaccurate.  Atari is NOT 80% owned
>by insiders.  It is 32.61% owned by insiders.
>This number was found by consulting filings with
>the SEC.
>
>For those who want accurate information:
>
>Investor                        Date            Change  Held    % Own
>---------------------------------------------------------------------
>Invest. Cos                     3/31/90         0       0       0
>Institutions                    3/31/90         -299    2,863   4.96
>5% owners                       6/30/90          Na     39,673  68.80
>Insiders                        5/31/90          Na     18,804  32.61
>
>Note:  The numbers do not add up to 100% as some
>       of the 5% owners may be insiders.
>
From the Proxy statement distributed in connection with the May 15 Shareholder
meeting:

Jack Tramiel is beneficial owner of 43.8% of outstanding Atari common stock
Warner Communications is beneficial owner of 24.6% of outstanding stock
Sam Tramiel is beneficial owner of 1.8% of outstanding stock.
Other directors and executive officers own about 6% of the stock (by subtraction)
Amounts of stock equivalent to about 4% of all outstanding are held directly
or in trust by other Tramiel family members.

Papa Jack has more than Chris says all insiders combined own.  So who do YOU
want to believe?
                                     Steve Jacobs