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Microcap & Penny Stocks : Simtek Corporation -- Ignore unavailable to you. Want to Upgrade?


To: NAG1 who wrote (2586)2/6/2008 9:58:20 AM
From: sleupendriewer  Respond to of 2619
 
yeah, there is already a press release : forbes.com

I think this can be quite interesting - they drove this stock so much down that there should be at least "some room to manouver" for cypress - and this is a strategic positioning for cypress.

And even if simtek is not "bought" - this is one of the best proofs how much interest now rose up for simtek and the tech they are driving into the market.

On the other side it shows how good the position of simtek is - with respect to cypress as their fab ...

I like this news - let's see how much it'll drive us up to more reasonable levels ;) (if they go up to equal levely as ramtrons marketcap ($117 mio) I would be quite happy ;))



To: NAG1 who wrote (2586)2/6/2008 11:11:10 AM
From: jonesie4jonesie  Read Replies (1) | Respond to of 2619
 
Congrats Neal et al (edited)

This has to feel very good to those who held on so long, well deserved. I hope some other bidders come in too! :)

I wasn't watching the charts for quite a long time now after selling, just the price action, but when I saw the jump up this morning I looked at my old chart on SMTK ... there sure didn't seem to be any 'leakage' of this potential CY thing .... just a persistent smack-down of the price.

Congrats again!

(edited to add:) Upon closer inspection the ACC/DIS line seemed to show continued accumulation lol, so that might have been a clue. Although on another board I showed how that line can go up in the face of terminally declining share prices, essentially being 'faked out'. Oh well. Congrats again!

jonesie




To: NAG1 who wrote (2586)2/6/2008 2:09:18 PM
From: Crony  Respond to of 2619
 
Now that the news about CY interest is out what if someone else is interested in the technology? The bidding war would be great. Let's not forget that if the current business is doing better than last year the stock should be trading at least at $4. Add the new chips that will serve bigger market and the stock should be worth $6-8. Hope Crestview and RENN will get the best possible price from the buyer.

I am so tired of the underperformance of this company that I am actually glad it might be over soon.
I will gladly take $5 a share and move on.



To: NAG1 who wrote (2586)2/6/2008 5:31:22 PM
From: jonesie4jonesie  Respond to of 2619
 
The wording of 'Cypress' interest'

sec.gov

Excerpted:

Item 4: Purpose of the Transaction

Cypress’ original purchase of the Common Stock and the Warrants was part of a joint product development relationship between Cypress and Issuer.

(My note: Boilerplate from previous agreements follows IMO:)

"Cypress intends, at any time or from time to time, to monitor and assess its investment in Issuer including assessing (i) relevant business developments, competitive and strategic matters and prevailing industry and market conditions, (ii) the value and price of the Common Stock, (iii) the financial condition, operations, prospects, capital structure and management of Issuer, and (iv) other factors which Cypress, in its sole determination, believes may create the opportunity and/or desirability to alter the relationship between Cypress and Issuer. On the basis of such assessments (or such other factors as Cypress, in its sole discretion, deems appropriate), Cypress may at any time and from time to time take such actions with respect to its investment in Issuer as it deems appropriate, including, without limitation, (i) purchasing additional Common Stock or other securities of Issuer, (ii) selling some or all of any securities of Issuer held by Cypress, (iii) proposing a transaction that would result in a merger, reorganization, liquidation or change of control of Issuer or a sale or transfer of assets of Issuer to Cypress or otherwise (including, in connection therewith, causing the securities of Issuer to be delisted or ceased to be authorized to be quoted on applicable securities exchanges or inter-dealer quotation systems and/or becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended), (iv) proposing changes to the present board of directors or management of Issuer, or (v) otherwise changing its intention with respect to any of the matters referenced in this Item 4."

(Cypress' actual comment re: interest in Simtek:)

"In this regard, on February 4, 2008, Cypress determined to explore a potential acquisition of the Company or substantially all of its outstanding equity securities and contacted representatives of the Company to discuss such a transaction. Such explorations and discussions could result in a transaction in which Cypress obtains control of the Company through a merger, acquisition of stock or otherwise or could result in a purchase of a division or business of the Company. However, there can be no assurance that any transaction will occur."