Everyone agrees CDN has been overbeaten. But the
market for EDN is growing by 50% to 70% per
The deal with IBM makes CDN even stronger!
EXPECT CDN TO RECOVER INTO THE 20S VERY SOON.
If those wondering about CDN, check out the
option activity, volume has spiked tremendously. Over
the last two days, it looks like the price has been
kept down. I wouldn't be surprised if one of the big
houses makes a reccomendation on the stock. The option
activity would imply a "takeover"? Regardless, from a pure
technical basis, if the stock can break through 14, then I
suspect the next target to be 20. Still cheap for a
company with no debt and a ton of cash/receivables. For
the record, I bought it at the open yesterday. 11
Cadence will continue to bring great deals
forward, because any major tech company is in some way
connected with Cadence. From Soda Machines to Cell Phones,
Cadence is leading the way with their system on a chip
technology. I just bought some stock because I have seen that
as time goes by everything seems to get smaller,
when it comes to applications and computers. I'm not
much of an engineer but what I do know is that Cadence
will continue to surprise us with new tools and
just look at the trading in last couple of
minutes before market close. althogh i question the
wisdom of their selling at such prices, i also
appreciate the opportunity to get in at such prices.
think about the price actions AFTER the smarting big
boys are through with their anxiety. woooooow !!!
i'm long, but i don't think a run-up because of
the deal is likely if qktn is guaranteed $15/share. i
question the wisdom of an offer with an absolute
guaranteed floor price in dollars. too much dilution when
the buyer's stock plunged like cdn did, but i think
even that is in the price now and i won't worry about
I agree that the merger will be approved by the
QKTN share holders. But the ratio will be closer to
The ratio is set by the 5 day average two days before
That means the 5 day average of this
week. Since we
already have closes of 11.625 and
11.3125. then to achive
a true 1:1 ratioe the stock
must finish at 17.5 the next three days. Do able, but
I don't think it is that likely.
The 1.2 is
calculated by the two know closings and the assumtion of 12,
13, and 14 closes. Plus, the guaranteed 15 share for
So every share of QKTN get 1.2 shares of CDN.
Look for the stock to make a run to 15 dollars
before may 25th b/c of the ratio 1:1.Stock holders of
QKTN will approve the merger b/c they are getting
better value than CDN offered them when the stock of CDN
at 27 dollars and QKTN WAS 13 DOLLARS or 15 dollars
a share guarnteed.CDN major share holders try to
accumulate right here and run the stock to 15 by the closing
date may 25th of 1999
Gonna try and wait those three months for the big
rebound. Past month I've traded
cs,savly,mps,sfsk,pair,smod,nbr to name a few of the stocks that have gotten away
from me. Sure It can go single digits. That's why I'm
tempted not to look at cdn for three months. I get
frustrated when my weak hand is shaken out. I want to ride
this one straight up!
Losing Jack Harding was a good riddance! I
actually heard the guy talking bringing the IC design
paradign/retrofit to the ball bearing industry one morning on CNBC.
They guy was out of his league. Thank god he is gone.
Now Bingham can turn the company around without his