Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Dean Bredenbeck who wrote (14518)	6/15/1998 11:09:00 AM
From: Clint Todish	Read Replies (2) \| Respond to of 77400

NT's down over 7pts...hmmm. -C

To: Dean Bredenbeck who wrote (14518)	6/16/1998 11:34:00 PM
From: Immi	Read Replies (3) \| Respond to of 77400

ALL: DOES IT MAKE SENSE FOR CISCO TO MERGE/AQUIRE TELLABS?. Now, that BAY is with NT, LU may take over Ascend, which telecom player is in CISCO's sight?. No partnerships with LU, or NT (because of BAY) so who will be cisco's mate for "convergence"?. Does TLAB (including CIEN) has what CISCO wanted from NT or LU?. (e.g. DWDM optical networking, optical management etc). Any thoughts?. Regards, immi

To: Dean Bredenbeck who wrote (14518)	3/4/1999 6:41:00 PM
From: Dean Bredenbeck	Read Replies (1) \| Respond to of 77400

FYI...from WSJ Intel Corp. agreed Thursday to acquire network-chip and telecommunications-gear maker Level One Communications Inc. in a stock swap valued at about $2.2 billion. Under the terms of the agreement, each share of Level One stock would be exchanged for 0.43 shares of Intel stock, the companies said in a joint press release Thursday. At Intel's closing price Thursday, the deal values Level One at $48.75 a share, an 80% premium to the company's closing price Thursday. Shares of Level One fell $5.25, or 16%, to $27.125 on the Nasdaq Stock Market Thursday, hurt by a downgrade of the stock by analyst Tim Kellis of Adams Harkness & Hill Inc. to "accumulate" from "strong buy" amid concerns over June quarter revenue growth. Intel's shares, meanwhile, slipped $1.3125 to $113.275 on Nasdaq. The deal was announced after the close of trading. A total of about 18.6 million Intel shares will be issued in the merger,including the presumed conversion of Level One's outstanding convertible subordinated notes into Level One common stock when permissible under their terms. The companies said they expect the merger to close by the end of the second quarter. "Today's announced merger extends our strength in networking and communications," said Craig Barrett, Intel's president and chief executive."It provides us with the silicon building blocks necessary to supply the rapidly growing demands created by the Internet and e-commerce." Robert Pepper, Level One's president and CEO, will join Intel as vice president of the company's Network Communications Group and general manager of the Level One Components Division. Intel is based in Santa Clara, Calif. The companies, which have worked together over the past year, said they don't anticipate any immediate changes to either of their product lines, adding that Level One intends to continue to use its existing manufacturing relationships and provide its products to customers under existing agreements. Level One, Sacramento, Calif., is best known as a maker of integrated-circuit technology for the telecommunications industry, but its networking and DSL products have also attracted the attention of analysts and investors.