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

To: mike mccann who wrote (2599)	12/24/1997 9:44:00 PM
From: Peter	Respond to of 2740

Mike: What do you think CHPS will trade at if the deal fails? $8-$9? Thanks. Peter PS Why would they be upset? If they had to buy another company don't you think they would have to bid the price up as well?????

To: mike mccann who wrote (2599)	12/26/1997 9:01:00 AM
From: Timoteo	Respond to of 2740

Any time a company buys out another there is a significant premium; unless the company being bought is in serious trouble. INTC is looking long-term with an eye to beefingup the graphics side of its business. They don't care about stock prices of the competition. I would say they will be disappointed if the deal doesn't fly because they are are square one again. Timoteo

To: mike mccann who wrote (2599)	12/31/1997 4:00:00 PM
From: professor	Read Replies (1) \| Respond to of 2740

Mike, I think that Intel need CHPS long term because without the graphics technology they will be forced to grow internally. This acquisition allows them to get the key employees for future growth. Unfortunately, the DOJ is using this deal as an excuse to screw up Intel's chip business. Intel barely has any prescence in the graphics market and they don't have conentration in this area. There are other competitors besides Chips as well. The Justice Department is just on their own program. Chips is already trading fairly here at $14.25 according to most analysts I've come across. Chips has some new products shipping out in the first quarter of 1988 which should support the stock.