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Technology Stocks : Thrustmaster (NASDAQ:TMSR) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (2198)	6/1/1999 10:52:00 PM
From: esecurities(tm)	Read Replies (1) \| Respond to of 2443

INTERNET--(esecurities.W)--June 1, 1999 - "Intel® Bid For Dialogic Eyes Telecom Markets" NEW YORK (Reuters) - Intel Corp. (Nasdaq:INTC - news), the world's leading maker of computer chips, Tuesday said it had agreed to pay $780 million to acquire Dialogic Corp. (Nasdaq:DLGC - news), the No. 1 supplier of equipment that merges phone and fax functions into computers. Intel and Dialogic said they had agreed to a deal in which Intel would pay $44 cash per Dialogic share in a tender offer, representing a nearly 32 percent premium to the closing price of Dialogic stock Friday...Intel said the transaction would expand its business selling high-volume servers -- computers used to manage networks of other computers -- in the multibillion-dollar office network and telecommunications markets. Dialogic products act as building blocks for linking voice and data networks. ''This merger strengthens Intel's position as a key supplier to the converging Internet and telecommunications industry,'' Craig Barrett, Intel president and chief executive, said in a statement. The acquisition of Dialogic is the latest in a string of deals by Intel to bolster its position in the converging voice and data communications markets. The transaction opens the door for Intel to the burgeoning telecommunications equipment market, building on its historic roots as the world's top computer chip maker and its growing role as a network equipment supplier. Already this year, the Santa Clara, Calif., company has agreed to pay $2.2 billion to buy Level One Communications Inc. (Nasdaq:LEVL - news), a supplier of networking chips, and $180 million to buy Shiva Corp., a maker of network access equipment. ''Our goal is to make Intel-based servers the foundation of e-business and communications applications based on integrated voice and data networks,'' Barrett said...Dialogic's customers are concentrated among the world's top telecommunications equipment makers and include Lucent Technologies Inc. (NYSE:LU - news), Nortel Networks Corp. (NYSE:NT - news), Alcatel Alsthom, Telefon AB L.M. Ericsson and NEC Corp. (Nasdaq:NIPNY - news), which build Dialogic products into its equipment..." SOURCE: &copy 1999 (REUTERS) Tuesday June 1 6:23 PM ET dailynews.yahoo.com Is this what Hausmann is [ultimately] talking about [for WeCanTalk.com] and why Black & Company upgraded TMSR to a Strong Buy on May 3rd [while trading around $20/share], four days after Q1 numbers were released and six days prior to Black & Company's Investor Conference and why a purported three senior Intel Architecture Labs execs left Intel&reg to join TMSR? &copy copyright 1999 SiliconNewswire.com. All Rights Reserved.