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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (3143)	5/28/2015 12:26:18 PM
From: Kirk ©	1 Recommendation Recommended By mary-ally-smith Respond to of 26766

Funny to think the tiny semiconductor part of HP I helped build that was spun off as part of Agilent, sold to a hedge fund to go private, then IPOed as Avago could be one of the more powerful in the business soon. A Broadcom-Avago deal may come as soon as today, after Avago's board voted on the purchase overnight. A deal would effectively be a merger rather than an acquisition: Avago (NASDAQ: AVGO) is currently worth $35.1B, and Broadcom (NASDAQ: BRCM) $32B. Over the past 18 months, Avago has bought a string of companies amid a massive chip industry consolidation wave, and has been rumored to be eying several others. Broadcom was the biggest gainer on the S&P yesterday, surging more than 20%, while Avago rose about 8%. And notice too that is is MORE of what I've warned about here since I left in 1998... that high taxes would drive jobs overseas just as it is now driving CEOs and headquarters overseas while they still keep plenty of talent in the Silicon Valley...

To: robert b furman who wrote (3143)	5/29/2015 10:21:43 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26766

Altera Shares Climb on Report That an Intel Deal Is Near finance.yahoo.com By Scott Moritz - 15 minutes ago Altera Corp. shares touched a 14-year intraday high after the New York Post reported that Intel Corp. is near a deal to buy the semiconductor maker for about $15 billion. Intel, the world’s largest chipmaker, has been looking for growth beyond the struggling personal-computer market. The price could be as high as $54 a share, the New York Post said, citing an unidentified person with knowledge of the talks. Shares of Altera, which makes a broad range of low-power programmable chips, rose 5.1 percent to $49.36 at 9:37 a.m. in New York, after reaching as high as $49.83. As of Thursday’s close, the stock had risen 36 percent since March 26, the day before Intel was first reported to be interested in a deal. Intel rose 1.2 percent to $34.43 Friday morning. Altera rejected an offer of about $54 a share from Santa Clara, California-based Intel last month, people familiar with the negotiations said at the time. An e-mail sent to Intel media relations outside of U.S. business hours wasn’t immediately answered. Altera spokeswoman Nisha Ruhomutally didn’t immediately respond to a phone call and an e-mail requesting comment. The addition of Altera could help Intel expand its most profitable business: supplying server chips used in data centers. While PC-chip sales are declining as more consumers rely on tablets and smartphones to get online, the data centers needed to churn out information and services for those mobile devices are driving orders for higher-end Intel processors and shoring up profitability. Sales in Intel’s data-center division rose 19 percent in the first quarter. The demand for server chips has helped Intel forecast 62 percent gross margins for the current quarter, slightly higher than analysts estimated. (A previous version of this story was corrected to say that Altera’s public-relations officer is a woman.)