Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 267.87

-0.6%

Dec 5 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StanX Long who wrote (61885)	3/11/2002 11:55:54 PM
From: StanX Long	Read Replies (1) of 70976

Intersil to Buy Chip-Maker Elantec for $1.24 Billion (Update8) By Jonathan Make quote.bloomberg.com Irvine, California, March 11 (Bloomberg) -- Intersil Corp., a maker of chips for wireless networks and personal computers, agreed to pay $1.24 billion for Elantec Semiconductor Inc. to increase its product offerings as customers seek to buy gear from fewer suppliers. The company is paying 1.24 of its shares and $8 for each Elantec share. That values Elantec at $46.65 a share, 13 percent higher than Elantec's closing price. Intersil shares fell 15 percent on concern the company is overpaying, SG Cowen Securities analyst Drew Peck said. Buying the maker of chips for digital-video discs and CD-ROM drives will help Intersil sell more products to Cisco Systems Inc. and Sony Corp., Chief Executive Officer Gregory Williams said in an interview. Customers of both companies want to trim costs by buying from fewer suppliers, he said. Intersil also raised its first- quarter sales and profit forecasts.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next