SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Mylex -- Ignore unavailable to you. Want to Upgrade?


To: Starowl who wrote (1813)7/28/1999 8:23:00 AM
From: Starowl  Respond to of 1820
 
Mylex to gap open (11 3/4), according to note by CBS MarketWatch:

"NEW YORK (CBS.MW) -- Shares of Mylex Corp. rose in pre-open trading Wednesday after IBM said it had agreed to buy the company. Mylex shares (MYLX: news, msgs) climbed 1 1/2, or 14.6 percent, to 11 3/4, according to Art Hogan, chief market analyst at Jefferies & Co. IBM (IBM: news, msgs) said it would pay $12 for each Mylex share."

Starowl



To: Starowl who wrote (1813)7/28/1999 8:27:00 AM
From: dragonpawn  Respond to of 1820
 
Now, the bid is already 11 13/16. The upside potential is almost 0,
and the downside risk is very large. The take over may be canceled due
to many reasons, news leakage is one possibility.