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Technology Stocks : Digital Equipment Corp. (DEC) -- Ignore unavailable to you. Want to Upgrade?


To: Cameron Dorey who wrote (2787)1/26/1998 7:17:00 AM
From: Charles Skeen  Read Replies (2) | Respond to of 3276
 
<<<NEW YORK (Dow Jones)--Compaq Computer Corp. (CPQ) plans to acquire Digital Equipment Corp. (DEC), according to CNNFn. CNNFn said the deal is valued at $9.6 billion. >>>

Works out to $65 per share, by my calculations. (147.8 million shares).

Charlie.



To: Cameron Dorey who wrote (2787)1/26/1998 7:59:00 AM
From: Greg Jung  Read Replies (1) | Respond to of 3276
 
Congratulations all, a very sweet deal. $30 + .945 cpq stock per share. Ok $65 I forgot the cpq split, its not the $90 I was thinking.

Greg



To: Cameron Dorey who wrote (2787)1/26/1998 9:35:00 AM
From: rich evans  Read Replies (1) | Respond to of 3276
 
This happened a lot sooner than I expected because of FTC approval still needed for INTEL. CPQ would not want to compete with INTEL. I imagine the deal has some contingencies such as the FTC approval and also of course a penalty if another buyer wins. But this definitely puts DEC in play and their is no turning back. Would expect DEC to go higher and end up with a deal around 70. After all they have 2 bill in cash. Personally I would be happy to own some CPQ. How sweet it is especially for us long DEC sufferers.
Rich