Look pretty solid. Some interesting comments on looking for acquisitions (they stopped for the moment) and new products from R&D still in the works it appears. Did not understand the cash balance?
$295 - 20/share "excess cash/investments" = $275 net price
Estimated '14 earnings: $14.50
20x earnings would be $289. so we are about 19.5x estimated earnings for 2014.
No guidance, except on tax rates, or did I miss something? Not sure what your question on cash balances is.
Says $51.7 MM in the announcement text, but cash and short term investments are only 41.7 MM.