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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (2085)	6/12/2009 7:38:24 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 3862

Thanks. Hmpm, thats not what I like to read. Oh well. From a pure options valuation standpoint, with the common stock at $6 (it recently briefly hit 7.50), the warrants with strike $7 good until 2012 are considerably more worth than 0.30. For example, the Jan 11 $7.50 option in Ford (trading $6.11 today) and not a very volatile stock recently is bid 1.75; RF $7.50 options are bid $1 (but RF is at 4.45). From that standpoint, the warrant offer is poor. No way this is done below 60c (or one share for 10 warrants) a fair price would be $1.20 (one share for 5 warrants). On the other hand, it would make the stock (and the remaining warrants) cheaper if the company really manages to exchange a lot of warrants at that ratio...

To: Glenn Petersen who wrote (2085)	6/1/2012 9:10:32 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

Whoa! Hughes Telematics bags a huge premium from Verizon. The press release: finance.yahoo.com Verizon to Buy Hughes Telematics for $612 Million By MICHAEL J. DE LA MERCED DealBook New York Times June 1,, 2012 Verizon Communications said on Friday that it has agreed to buy Hughes Telematics, a maker of wireless systems for vehicles, for $612 million in cash. Under the terms of the deal, Verizon will pay $12 a share, an exorbitant premium to of Hughes’ Thursday closing price of $4.35. The deal is aimed at building up Verizon’s offerings in products like GPS and auto safety and entertainment features, at a time when telecom companies are seeking new sources of revenue. John Stratton, the president of Verizon’s enterprise solutions unit, said in a statement: “In powerful combination with Verizon’s global IP network, cloud, mobility and security solutions, Hughes Telematics’ flexible service-delivery platform has the potential to reach beyond the automotive and transportation realm to create new opportunities in mHealth, asset tracking and home automation.” The deal is expected to close in the third quarter, with Verizon keeping Hughes’ current management team and headquarters in Atlanta. Verizon was advised by UBS and the law firm Debevoise & Plimpton. Hughes was advised by Barclays and the law firm Skadden, Arps, Slate, Meagher & Flom, while its special committee was counseled by Moelis & Company and the law firm Nelson Mullins Riley & Scarborough. dealbook.nytimes.com