Analysts statements that I read believed Intel was overpaying near that area. Based on where ALTR had been trading quite possibly they were. It's easy to be biased when one is long a stock with a potential buyout near. I am starting to think Intel may mean it and has walked but it's still a bit early to say that for sure.
I guess if they walk away then management will have some "splainin" to do. I think comments by David Faber this morning may have hit the shares today he said he has nothing new as far as any new meetings but he did say things happen quickly sometimes. I think Intel will make them sweat and even let shares fall further before they entertain any new bids if they do at all.
Weaker March retail number but still the first positive one for awhile maybe plain old profit-taking after the run to $42.
raises their target to $45 with an equal weight. Pretty safe call considering where the stock is and if it even drops back to the mid $30's it's still a reasonable target. On the other hand Barclays raises SWKS target from $75 to $80 and those shares are near$ $100 so I guess we see they have been a bit off for awhile with that call.
Intel does come back to the table with Altera let's use some logic here....if Intel walked away from a deal because Altera wanted too high a price will Intel come back with an offer that is as high as want Altera wanted I doubt it. Will Intel come back with their original offer that's possible or will Intel make a deal that now involves their shares instead of all cash that's possible too. At this point I would say Intel may have a bit more leverage if a deal even gets done. I would not be shocked to wake up one morning soon to see Intel bid for someone else at this point. Intel is fully aware of possible pressure on Altera's board to cut a lesser deal the second time around or Altera's management may hold for no deal fearing many of them will be a bit wealthier without a job. It should be interesting. I'm still watching for now and waiting to see if we get another big drop again to trade it. For now I own some MU maybe they will be next.
For now that tells me these funds know the deal is off and are pushing for new talks. This is probably why the shares are not really popping in the AH. The past few days the market has been trading shares like something was going on behind the scenes. This news probably tells you nothing is going on for now.
What no more tax payer sponsored military vehicles to be stripped new and end up in Afghanistan junk yards with the proceeds going back to the Taliban.
Here's one of those intra-day pops on what appears to be no news for now.
Without a deal back to $41 like it did the first time the first week in April.
Too up too quick may need some consolidation. For GE to move like it did on Friday is like turning a huge ship at the spur of the moment.
You may see the same action after the initial story that was floated two weeks ago. Each day there was no news the stock pulled back. As of now there is probably a lot of momentum or hot money in the shares. I would bet we will see some pops here or there when rumors surface but without a definitive deal the shares will act like they did the first week in April and grind lower they went from $45 to $41 before the big drop last week.