Quickturn (QKTN) 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.

Technology Stocks : Quickturn (QKTN)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Trey Yon who wrote (137)	7/15/1997 10:45:00 AM
From: John Peterson	of 251

Trey, The stock did move up but by a bit. I shouldn't have expected it to move much since it had already done so before the earnings. It is still up by a buck or so. What do you think of the charges related to Speedsim and the ARKOS deal? Looks like the market doesn't like the charges related to the acquistions. Here is the news on that. * After market close, QUICKTURN DESIGN SYSTEMS INC said it expects to take a charge between $13 million and $17 million during its 3Q to account for an acquisition. In June Quickturn bought assets of SYNOPSYS INC's Arkos division for $14.5 million in cash, stock and warrants. In a statement, Quickturn said it expects to incur certain liabilities and other costs totaling between $5 million and $7 million to account for the acquisition. The balance of the purchase price, following the charge, will be amortized over five to seven years. (Reuters 04:44 PM ET 07/14/97)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next