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Technology Stocks : Spansion Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Petz who wrote (3474)2/27/2008 1:39:56 PM
From: BUGGI-WO  Respond to of 4590
 
@Petz - SFUN
Just bought a big package for 7,85.

BUGGI



To: Petz who wrote (3474)2/27/2008 1:44:41 PM
From: BUGGI-WO  Read Replies (2) | Respond to of 4590
 
@Petz - Press Release SFUN
"
Why does Saifun continue to call itself "an intellectual property company," with no mention that it is about to be absorbed by Spansion?
"

Thats wrong - look here:
"
The V5000’s large installed base will also provide Saifun greater compatibility with its new parent company, Spansion Inc. (NASDAQ: SPSN - News), as well as its customers and partners.
"

The problem with calling that SFUN is "over" (or been taken
over by SPSN) is, that the deal isn't finally (officially)
closed. I expect, that we hear about this in the Q1 call
at the latest.
Why SFUN trades at such a big discount I don't know -> I
will take that "free" profit.

BUGGI



To: Petz who wrote (3474)2/27/2008 1:59:38 PM
From: TechieGuy-alt  Read Replies (2) | Respond to of 4590
 
>>PS - Anyone want to buy Spansion for $1.76/.7429 = $2.37?
finance.yahoo.com

Would the $6.05 distribution to existing sfun shareholders (you, me- if I bought) not mean a $1.82 hit in capital gain taxes the second I get the distribution? (assuming a 30% marginal tax rate).
If the distribution gets treated as dividend (will it be?), that's still $0.90, no?

What am I missing?

TG