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Technology Stocks : ANTEC Corp. (ANTC) -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (728)	10/24/2000 8:25:17 PM
From: 4finger	Read Replies (1) \| Respond to of 847

Check my math but here is my take on what has transpired. Market Cap + Long-term Debt = Enterprise Value prior $760MM + $177MM = $937MM (38MM shares@$20) plan $1,420MM + $502MM = $1,922MM (71MM shares@$20) ($177MM + $325MM) whoops!$852MM + $502MM = $1,354MM (71MM shares@$12) ($177MM + $325MM) So ANTC shareholders were sold Arris for roughly $1 billion. 5 minutes later the market said "fuck you" and took away $550MM of market cap. IF Arris run rate is $1Billion and IF this was not already reflected in ANTC reporting then the price paid was reasonable as ANTC was trading at 1x Rev going into the deal. There are some big IFs in that sentence. If anyone has some clarification on them I'd be interested to hear your thoughts. Personally I would view Arris revenue as worth a premium of some sort, so I don't think I have beef with mangement. If I can confirm this I'm a buyer at these levels. The call should be interesting.