SONS Message Board - Msg: 23734735

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Technology Stocks : SONS

SONS 7.830

+2.8%

Nov 28 4:00 PM EST

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To: carranza2 who wrote (1104)	7/26/2007 11:08:39 AM
From: phatbstrd	Read Replies (1) of 1575

Maybe so, but the story does remind me of a past experience. I was heavily invested in Quickturn (design emulation) and had gotten to know the company fairly well (the first company I covered as an analyst, actually). I was told by a head engineer that Jeff Vinik (Magellan Fund) was inquiring and most likely buying quite alot of shares. The stock went from $9 - $19 on Vinik's purchases... and then they missed a quarter. Vinik split, the stock went to $8, Cadence designs then bought them out. It was a cutting edge technology and very critical to chip design/manufacturing. All those guys were from Intel. They got swallowed up by Cadence and no one ever got their stock appreciation that they had been expecting. I'm sure this is different, but it is worth noting that stranger things have happened.

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