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 228.68

+1.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cary Salsberg who wrote (45865)	4/26/2001 12:33:44 PM
From: Robert O	Read Replies (1) of 70976

You know what I find queer regarding coverage of the SVGI 'merger,'... here's online version WSJ article from yesterday: public.wsj.com Snippet: "Pentagon concerns, which also include a number of other issues, halted U.S. approval of asm's $1.6 billion acquisition of semiconductor company svgi Inc. President Bush might be forced to break the deadlock, a major political headache for a White House already pulled between business and national-security interests in the GOP." To my mind it is VERY misleading to publish an article as of 4/25/01 quoting the $1.6 billion as buyout price since that was based on the formula as of last year September 29, 2000. That has dropped dramatically yet article does not mention 'real' price (today's rtq values)of 34,900,000 shares of svgi x 1.286 = shares of asml svgi holders now own of 44,881,400 x asml share price now $26.26 = value of buyout $1,178,585,564.00 1.6 billion versus 1.178 billion today is quite a difference yet it seems to me anyone reading the WSJ article would (rightfully) assume buyout for svgi is for 1.6 billion when today market cap of svgi is 1.038 billion so it looks like a 54% bump form today's price but in fact based on today's price the bump is 13.5%: SVGI is worth $26.26(ASML closing price)*1.286 = $33.77. SVGI is at $29.75. RO

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next