Zhone Technologies (ZHNE) Message Board

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Technology Stocks : Zhone Technologies (ZHNE)

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To: Dee Jay who started this subject	8/20/2003 4:21:35 PM
From: Bargain Hunter	Read Replies (1) of 9

Ok, since no one else wants to speak up, I'll do it ... Apparently TELM isn't thought of very highly by the market since it's market cap is less than it's cash hoard, even with no debt - suggests current cash flow is negative and not buying anything useful. Merger PR mentioned combined companies having "over $150M" cash, so doesn't sound like ZHNE has much cash. Leads me to believe that this deal is about combining TELM's cash with ZHNE's products. Probably a better deal for ZHNE shareholders than TELM, but TELM's shareholders were probably in trouble anyway.

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