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Subject: The Madness Of Bob Hyatt, Betting Against A Rich Man!

Author: Graham Laight

Date: 04:00:40 11/21/03

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On November 21, 2003 at 05:59:05, Amir Ban wrote:

>On November 20, 2003 at 23:23:16, Robert Hyatt wrote:
>
>>On November 20, 2003 at 14:23:10, Amir Ban wrote:
>>
>>>Sure. There are tens if not hundreds of Americans who would make me look silly
>>>with multi-million $ projects and $10 million hardware. The only thing holding
>>>them back is that they can't afford to go to Europe.
>>>
>>>It has been tested once in a Rebel vs. Crafty match where Crafty was given a 100
>>>to 1 time advantage. The match was aborted after Rebel won the first game.
>>>
>>
>>How about doing a couple of things:
>>
>>(1) tell the entire story.  (a) one game doesn't mean _anything_.  (b) Ed
>>played multiple games with crafty and rebel having a _very_ long time for
>>each move.  Crafty won.  Does that prove anything?  Nope, other than the
>>one handicap game was meaningless.
>>
>>(2) I'll be _happy_ to take you on at 100:1 time odds, anything you think
>>you are ready.  I'll even put up a wager to make it interesting.  I am
>>talking about a match of at least 10 games.  Interested?  You'd be
>>stupid if you were.  Because I wouldn't play _any_ program at that time
>>handicap, including the original Sargon...
>>
>
>You're on. Please suggest format and let's discuss after WCCC.
>
>Amir

Bob - although I think you'll win this challenge, you should be wary of betting
too much against Amir - he can probably afford to lose more than you.

He's one of the founders of M-Systems - an Israeli company (although you
wouldn't know this from their web site, which makes them look like an American
company) that makes flash memory, and although, unusually, their NASDAQ
information does not include his current shareholding, there is there a public
record of his sales.

The company is losing money (earnings per share (EPS) is negative), and the
share price, currently at $18, is on a strongly downward trend (take a look at
the technical analysis charts:
http://finance.yahoo.com/q/ta?s=FLSH&t=3m&l=off&z=m&q=l&p=b&a=m26-12-9,ss,fs,v&c
).

However - the current market valuation of M-Systems is just under $500 million.
Also, in the last 5 years, Amir has sold 112,250 shares - so he's not short of a
penny or two! You can see his sales at
http://www.nasdaq.com/asp/Holdings.asp?mode=&kind=&symbol=FLSH&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=&mkttype=&pathname=&page=holdingssummary&selected=FLSH
. After opening this page, select insider form 144, then page 2, then click on
Amir's name.

Looking on the bright side, you needn't feel bad about taking his money from
him.  ;-)

-g



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