To All, Unrelated notes:
1. While the world celebrates the end of all problems on Earth thanks to a 1/4 of a point interest rate drop, the US trade deficit soars to $16.2 billion in August. This thing just gets scarier and scarier.
2. As I said when I bought Shiva, somebody would be stupid enough to buy them out. Unfortunately, not at this price. It was a loser and I see no way out from here, so I am selling to Intel. I think the price is low, but I don't see any white knights on the horizon. Are they building a portfolio of cos. that should be out of business? Now that Mutual Shares is part of Franklin in Menlo Park, is Michael Price spreading his vulture investment strategy to neighboring Sunnyvale poohbah, Intel? MU and Shiva investments make me wonder. <G>
3. Ciena is rising again. If Shiva can be taken over, how about a co. that is making money? Tellabs is still the most likely suitor, but Cisco is also a possibility, despite denials. As Michael Birck said, "the problem with taking over Ciena is that their mgt's idea of the co's value has no relationship to the stock price." Couldn't agree more. <G> Expect an offer in the low to mid 20s.
4. Linear Tech and Xilinx are kicking up in this suckers' rally. I am giving their puts the hairy eyeball.
Good Luck,
MB |
