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Technology Stocks : CHPS
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To: mike mccann who wrote (2599)12/31/1997 4:00:00 PM
From: professor  Read Replies (1) of 2740
 
Mike,
I think that Intel need CHPS long term because without the graphics
technology they will be forced to grow internally. This acquisition
allows them to get the key employees for future growth. Unfortunately,
the DOJ is using this deal as an excuse to screw up Intel's chip
business. Intel barely has any prescence in the graphics market and
they don't have conentration in this area. There are other
competitors besides Chips as well. The Justice Department is just
on their own program.
Chips is already trading fairly here at $14.25 according to most
analysts I've come across. Chips has some new products shipping out
in the first quarter of 1988 which
should support the stock.
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