ANTEC Corp. (ANTC) Message Board

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Technology Stocks : ANTEC Corp. (ANTC)

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To: MikeM54321 who wrote (719)	10/19/2000 12:17:43 PM
From: JimieA	Read Replies (1) of 847

My take on this deal is: Antec buys the 81.25% of Arris that NT owns. Pays NT $325M in cash. (Hopefully Arris has the bulk of this $) Also Pays NT 33M shares of ANTC. Since ANTC has 37M shares outstanding. The 33M new shares will represent about 46.5% of ANTC. Antec changes name to Arris. We still own on a one for one basis Antec stock. Now called Arris. Also Arris operating results were not directly included in Antec’s operating results. What is included is: Antec bought from Arris and resold. As such included Arris purchases in cost of sales. Also Antec somewhere buried the 18.75% equity in Net Income of Arris. Am I way off? Does anyone know what the financials of Arris looks like? We know that: “Arris had revenue of $329 million last year and $254 million in the first half of this year - about half on sales to Antec. “ What about profits, Balance sheet, etc?

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