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Technology Stocks : EZchip Semiconductor
EZCH 25.490.0%Feb 23 4:00 PM EST
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From: Squeak2212/23/2015 3:57:31 PM
1 Recommendation

Recommended By
The Ox

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Can the chip sector get even smaller in 2016?
marketwatch.com

“Anything under $4 billion market cap is not going to be here tomorrow,” said Lidow, who claimed to be part of dozens of acquisitions in his previous role as CEO of International Rectifier, which was purchased by Infineon Technologies AG earlier this year.

“The consolidation trend is here to stay,” said Sumit Sadana, executive vice president and chief strategy officer at SanDisk Corp. which agreed to a $19 billion merger with Western Digital Corp that is expected to close late next year. “The number of companies in the industry will shrink by a significant amount. I would say in the next three to four years, 25% to 30% of the companies will have disappeared.”

[If the NO vote prevails in January, the article implies we may see a better deal for EZCH in 2016 than the MLNX offer. The MLNX offer at $25.50 is probably keeping a lid on the price of EZCH at the moment. It just doesn't seem credible that 31 companies have no interest at all. Too bad the Go-Shop provision (without matching rights by MLNX) had not been implemented from the start so we could see if there really was interest in EZCH from other companies.]

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