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Technology Stocks : EZchip Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: shlomi cohen who wrote (2412)	10/29/2015 8:07:31 PM
From: NapaDoc	2 Recommendations Recommended By EzStinger longezch Read Replies (2) \| Respond to of 2675

Shlomi, Thank you for sharing the Globes piece although I am not sure it will change many minds or votes. I know you are not the writer of the article, nor here to defend it. Honestly, I am left wondering how well ISS understands EZ's history, their business, this industry, and the future potential markets with the qualification that there are no guarantees. From the Globes article quoting the ISS report: "EZchip chose to start a sale process during a turning point in its business. As usual for a turning point, in particular for a company with the client concentration of EZChip, determining fair value leads to a wide range of outcomes. We believe that the sale process might not have been ideal, though the offer price of USD 25.50 in cash provides reasonable compensation for giving up the potential upside in a successful turnaround." I am not clear what turning point they are referring to. That CSCO may not use EZ in one design three years out ? It was a turning point for the stock price but I am not clear for the company. The concentration with CSCO has been a longstanding issue. It is my understanding that the NPS and white box markets would allow EZ to become a direct competitor of CSCO. It's a big market and EZ does not need to win all of it to be successful. It seems not everyone "likes" buying from CSCO. I have also never heard that the company was in the process of a "turnaround". That's news to me and I suspect many on this board. In the last earnings announcement, revenue for the first 6 months of 2015 was up 30% over 2014. Turnaround ? They do agree that "the sale process might not have been ideal." Yet no one has indicated any reasons for urgency on EZ's part. A new product is ramping that will provide significant revenue and high margins for at least the next 3 years. The formerly "top secret" project, NPS is taping and is scheduled to sample later this quarter. TileMX on the horizon. Are those good enough reasons for shareholders to demand a better deal or no deal ? Would Eyal walk away with a no vote or return with a sweetened deal, at a higher price and possibly including stock ? If he does walk, would having some "fresh blood" help the company and the board realize the success of NP5, with NPS and TileMX to follow ? As always, appreciate any thoughts from those on the board...