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PLX Technology, AŞ Message Board

  • imadeadcat imadeadcat Dec 19, 2012 9:54 AM Flag

    Price action IDTI and PLXT

    Market is saying FTC position is good for IDTI (with shares up 5%) and bad for PLXT (shares down 15%). So, was IDTI just over paying to remove a competitor? But if the PLXT continues as a strong competitor to IDTI, why would IDTI appreciate, particularly if another more well heeled buyer emerges?

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    • What the market is saying is that IDT is better off without PLXT. Not much but better off none the less. PLXT will go back to floating in the 2's and 3's unless someone comes along and takes them out at a lower price than IDT was offering.

    • re Imadeadcat. I would suggest that since IDTI only had 19 million in revenues, in the sector in question, that the focus now can be on other, more profitable business divisions. I don't see them using the extra money to grow in the PCle market unless they challenge the FTC in court. If not they may use the money for another buyout. Market is happy they keep the cash for the time being.