Rockwell-Spins off Conexant (CNXT) Message Board

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Technology Stocks : Rockwell-Spins off Conexant (CNXT)

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To: David W. Taylor who wrote (1778)	12/5/2000 1:25:35 PM
From: gpowell	of 2013

The recent $16-18 figure has come about, since the board at Conexant started to do the really silly stuff and become obsessed with the stock price as it fell. The idea to spin off one whole line of business in the "SpinCo" was and still is a desperate attempt to catch the money from the unthinking public that has been following them. Actually, you adjusted your price target only after prodding by other posters. The adjustment was necessitated by CNXT’s acquisitions, which resulted in stock dilution. Your new price target should be somewhere between $11 and $17 dollars, assuming you use earnings before charges, otherwise a price is not computable. Still thinking those wishful thoughts? Message 13704543

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