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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.38

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Dec 24 4:00 PM EST

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To: Logain Ablar who wrote (40083)	8/29/2003 4:09:29 AM
From: Johnny Canuck	Read Replies (2) of 69210

Tim, Does JNIC have any technology worth $100 mil or is it just a wannabe company. I am trying to figure out if this is truly a negative for AMCC. It is only a small portion of their cash and it gets them entry into the faster growing storage business. If they are not buying brand name recognition or future technology, then they have blown their money. Harry ****************************************** Applied Micro Circuits to Acquire JNI By TSC Staff 08/28/2003 04:28 PM EDT Applied Micro Circuits (AMCC:Nasdaq - commentary - research) signed an agreement to acquire JNI (JNIC:Nasdaq - commentary - research), a provider of hardware and software for storage area networks, for about $190 million. According to the agreement, Applied will pay $7 a share in cash for each share of JNI. Applied also will assume all JNI employee stock options. As of June 30, JNI's assets included about $90 million of cash and investments. The boards of both companies have approved the acquisition, and Applied expects to close the transaction in the fourth quarter of this calendar year. Shares of JNI closed Nasdaq trading at $5.79. The 52-week high is $6.85. Applied closed at $5.93.

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