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Technology Stocks : EZchip Semiconductor
EZCH 25.490.0%Feb 23 4:00 PM EST
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PaulAquino
To: Squeak22 who wrote (2607)12/17/2015 2:51:51 PM
From: Jim Mullens1 Recommendation  Read Replies (1) of 2675
 
Squeak, Re: EZCH valuation / projected earnings..................

Thanks for sharing RG’s projections, which I hadn’t seen.

Per EZCH’s prior presentation (pg 9) there were five firms covering EZCH, all with price targets below the $25.50 offering price. Apparently only one of these firms provided an FY16 revenue / EPS estimate for Yahoo’s site. Most brokerage firms don’t go too far out on a limb with their projections, as opposed to independent companies such as Raging Capital.



Per EZCH-

+ None of the 31 strategic buyers contacted submitted a proposal to acquire EZchip

+ No unsolicited indications of interest were received by either Barclays or EZchip



Since RC and others see much greater value in the company, perhaps they should form a private syndicate and purchase the company at bargain basement prices.



Bottom line, a company is ultimately worth only what buyers are willing to pay in a free market place.

Prior EZCH Presentation- (pg 9)

Date...............Broker..................................Rating.............Price................. TargetPrice on Rating Date
8/31/2015.....The Benchmark Company....Buy.................$25.00................$22.92
8/30/2015......Jefferies...............................Neutral............$22.00................$22.56
8/13/2015.......Brean Capital......................Buy.................$23.00................$20.26
8/13/2015.......Chardan Capital Markets....Neutral............$20.00................$20.26.
8/12/2015.......Barclays..............................Neutral............$19.00................$18.81
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