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Technology Stocks : Blank Check IPOs (SPACS)
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To: RockyBalboa who wrote (629)9/26/2006 7:44:23 PM
From: Carl Worth  Read Replies (1) of 3862
 
interesting, what do you think of this deal?

it sounds like CNXT is basically getting its money back for its investment, and RFMD appears to be taking a loss

my first thought based on those facts, and the fact that jazz was going to go public, but did this instead, is that they were having a tough time going public through an IPO, which may mean the deal is not that lucrative, especially if others in the business are selling their stakes, rather than holding on

they did have almost 14M in EBITDA for 1H06, but it's hard to tell how that will translate to the bottom line once all the various items are removed or adjusted for the new structure

it appears to be up after hours, so if it gaps up tomorrow, i may just sell my shares until i have a better idea that this is an attractive deal
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