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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: QwikSand who wrote (40056)	1/3/2001 8:14:11 PM
From: Steve Lee	Respond to of 64865

Don't know - haven't followed GALT for a long time. Edit, just took a look and yes, MRVL is trying to buy GALT in a share swap. It values GALT at about 5% above its market price which is not much for a takeover. Of course, the share swap would have meant much more to GALT shareholders if MRVL's own stock hadn't plummetted to a fifth of what it was 3 or 4 months ago <vbg> Anyway, with GALT growing at nearly 100% and being valued at less than half its growth rate, MRVL will get some much needed reality in its lofty 200+ PE. GALT shareholders have had some bad luck with this buyout, especially any that may have planned to hold for the long term. I was watching the stock a year ago or so, and then it was one of the strongest for a while when everything around it was breaking (much like SUNW). Cisco is a major customer which didn't help its price recently but it was good for a triple figure %age gain in the summer. I wasn't in at the time but was suggesting it on my thread as a good buy.