Paul,
Here is some news about it:
biz.yahoo.com
"This week, there will be about eight secondary offerings, including a 3.2 million share offering from Scandinavian Broadcasting System (SBTVF - news), an 5.5 million share offering by Clear Channel Communiincations Inc.(CCU - news) and a four million share offering from ATMI Inc.(ATMI - news), Menlow said.
"These are among the best ones," he said. "
As I recall, two million are new shares and two million are from shareholders who received major stock payments in the recent mergers. Given the quality of the companies they are acquiring, I don't see anything dilutive about the new two million.
I had a chance to visit the new silicon epitaxy division a few weeks ago (the former Lawrence Semiconductor). I came away quite impressed. They are bigger than I expected, having 27 ASM single wafer CVD eptixay machines running right now, and are installing their first Applied double wafer machine for evaluation. They do most of their business as production work, but do significant amounts of development for new applications. This is in the form of developing the techniques for putting down epitaxial layers to the customer's specification. Once in a while the customer comes up with something significant. They do a moderate amount of SiGe work, but nothing big.
Don |
