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To: Bill Harmond who wrote (232)5/17/2000 12:19:00 PM
From: mike machi  Respond to of 57684
 
Thank You... BTW, Bought a bit of GSPN this morning... Future looks bright...

Globespan Semi (GSPN) 99 9/16 +1 1/2: Bear Stearns reiterates BUY rating and ups price target to $140 from $130 after GSPN acquired iCompression Inc., in an all-stock transaction valued at approximately $390 mln. With DSL rapidly being deployed worldwide, revenues are now expected to grow 70% sequentially in Q2 and 300% for fiscal 2000 year over year. With the acquisition, GSPN gains access to iCompression's hardware and software intellectual property as well as proprietary compression algorithms.