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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (58836)	4/29/2002 8:28:00 PM
From: Jdaasoc	Respond to of 99280

I would have to believe that CIT Financial is about 1/2 of goodwill, since goodwill has spiked up dramatically in last 12 months. I just don't see how they will come up with cheap bank loans post ENE. All cash is going to be bond offering that is going to be collateralized against some tangible asset al la ENE, T, KM et al.

To: Zeev Hed who wrote (58836)	4/30/2002 1:16:57 AM
From: Mike M	Respond to of 99280

Somewhere in here TYC will be in for a pretty explosive DCB probably into June - August. Perhaps your OB of 12 will trigger before hand. After the bounce, well that will be another story. Into 2003 I would think TYC will resemble a balloon with a slow leak shrinking into single digits.

To: Zeev Hed who wrote (58836)	4/30/2002 11:00:39 AM
From: Sully-	Respond to of 99280

10:58 ET Micron Tech: Merrill Lynch comments on Hynix situation (MU) 25.40 -1.05: --Update-- Merrill Lynch believes that decision by Hynix board of directors to vote against Micron's bid could be a near-term negative for DRAM pricing, as firm had expected Micron mgmt to take some portion of Hynix's capacity offline in an effort to stem Hynix's losses and bring global supply further down. If Hynix remains independent, 4-5% of global supply would stay online. Merrill's Korean analyst points out that it's still possible for a deal to occur if Hynix creditors covert debt to equity and take control of the co, but that this process would be both complex and lengthy. Firm sees Hynix's actions having little intermediate to long-term impact on a DRAM biz that is not investing sufficiently to keep up with demand.