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Technology Stocks : EZchip Semiconductor
EZCH 25.490.0%Feb 23 4:00 PM EST
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To: NapaDoc who wrote (2646)1/4/2016 11:00:39 AM
From: Jim Mullens4 Recommendations

Recommended By
FJB
PaulAquino
Tbill89
The Ox

  Read Replies (1) of 2675
 
Napa doc, re: fair price............................................

"...other than Eli and Eyal, I’m not clear that anyone has suggested this is a fair price..."

Hmmm, seems you may have missed page 9 of EZCH's recent presentation? How 'bout **all** the analysts covering the company?

repeat of prior post >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Page 9 of recent presentation suggests $25.50 offer is reasonable................................

But not what was generally expected by long term shareholders, especially those holding out / wishing for more.

>>>>>>>>>>>>>>>>>>>>

All 5 analysts had price targets below the $25.50 offer price prior to the announcement of the transaction

?Wall Street research analysts published reports supporting the acquisition following the announcement

"We agree with management that EZchip would be better positioned within a larger, more diversified company."

- Jefferies, 9/30/15(1)

"EZchip's recent setbacks at CSCO to internal silicon and the still looming competitive threat of Intel in core fabric seems to point to a balanced risk / reward profile…
- Credit Suisse, 9/30/15(1)

" ~4.5x FY16P/sales multiple that represents a valuation generally consistent to slightly rich relative to other strategic growth acquisitions."

- JMP Securities, 9/30/15(1)

___________________________

"We believe there is only a small chance EZCH may attract a higher offer."

- Benchmark, 9/30/15(1)


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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