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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (65712)	10/14/1999 9:06:00 AM
From: kathyh	Read Replies (1) \| Respond to of 90042

hi jake, just saw that... had dsp from 24 to 27... intel buying for $36 cash... funny thing is had heard cnxt was the buyer... anyway, congrats to all dsp holders!! Thursday October 14, 8:37 am Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) Intel to buy DSP Communications for $1.6 billion NEW YORK, Oct 14 (Reuters) - Intel Corp. (NasdaqNM:INTC - news) has agreed to buy wireless telephone chip maker DSP Communications Inc., (NYSE:DSP - news) in a $1.6 billion deal, the companies said on Thursday, the latest in a series of aggressive moves by Intel to move beyond its traditional microprocessor business. Under the terms of the deal, Intel, the world's largest chip maker, will pay $36 in cash for each share of DSP, an $8 premium over DSP's Wednesday closing price of $28. (Note: this article is ''in progress''; there will likely be an update soon.)