Hidden Agendas - Paul Boardman

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more important, miniature screens that were used in calculators, games, cell phones and hand held computers. Bernie began to research the company and having spent months studying the ramifications, proposed to the board that Intracell acquire the company. Bernie had previously worked out the manner of acquisition. The board agreed to study the proposal.

      Over the years, Intracell had steadily repurchased some of its own stock, especially when the market had crashed in 2000. But the stock had never been retired. Some of that stock could now be used to fund the entire purchase of GT Monitor. Bernie thought the deal was brilliant because it required no outlay of cash. The board agreed.

      The deal closed and Intracell now owned GT Monitor.

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