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Your 130K ?
Keep up the good work
Hopefully you will be rewarded before too long.......
....plus some return from RE re lack of 'acquisition by July' would be at least investor considerate.
Its a subscription service...as you probably know.....but a subscriber on the Y board updates with.....
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_T/threadview?m=tm&bn=22834&tid=12755&mid=12756&tof=9&frt=2
Debt is most likely the main stalling factor of several, but is being well managed, and the whole subject of slow pps is well and truly aired, of late. Continued strong results from Tower will help the cause but global factors may continue to 'tug on the reins'. Look forward to Q2 results 2nd August.
MW more than agrees with that!GL
Excellent.....improving but still behind many.Perhaps acquisition news sooner rather than later will put the 'icing on the cake' and move the pps in the manner you referred back to. Interesting the TWSRF stayed level today with reasonable volume.
Have you seen something to say Q2 results will be a 2 weeks earlier?.....not that they shouldn't be much more in line with other companies in the same sector with their reporting times.
Concern has been expressed that the pps might stall once $1.70 (exercise price for new warrants given as sweetener to institutional bond holders) has been reached. Maybe, instead, we will see common 'motoring on' since the higher the pps the more such warrants will be in the money...and after all, with these bond holders having at least a 50% say in the company, maybe 'foot off the brake and on the gas' would become the 'order of the day' with negotiations concluded.
Roll on a good run......
Strong action on Tase....? response to recent news or is there more imminent?
http://www.tase.co.il/TASEEng/General/Company/companyMainData.htm?subDataType=0&companyID=002028&shareID=01082379
TowerJazz Signs Definitive Agreement with Institutional Bondholders Exchanging $80 Million of Its Outstanding Bonds Due 2011 ...
http://ih.advfn.com/p.php?pid=nmona&article=43555826&symbol=TSEM
Definitely....nice and steady upwards is good.
Yes...good move on Tase on welcome further news......roll on acquisition and belief by the 'bigger boys'....time this pps was shifting....upwards!
TowerJazz and Toppan Technical Design Center Announce Strategic Agreement
Increases TowerJazz Market Penetration Opportunity in Japan
Foundry Services Market in Japan Expected to Grow to $1.3B in 2012
MIGDAL HAEMEK, Israel--(BUSINESS WIRE)-- TowerJazz, the global specialty foundry leader, today announced it was selected by Toppan Technical Design Center Co., Ltd. (TDC) as its preferred specialty foundry supplier. TowerJazz has successfully engaged in multiple specialty design projects in Japan with TDC in the area of Silicon Germanium (SiGe) BiCMOS technologies used for high speed RF applications. This partnership enables TowerJazz to strengthen its penetration in the Japanese market, particularly TDC’s customers targeting RF, high-speed analog, power management, high voltage, CMOS image sensors and MEMS. According to Gartner, the market for foundry services in Japan is expected to grow to $1.3 billion in 2012.
Additionally, TDC was selected by TowerJazz as an official design center partner in Japan. This distinction applies to companies that achieve the highest standards of knowledge and experience on at least one TowerJazz specialty process technology and associated design enablement models and tools as well as deliver successful designs with high levels of customer satisfaction. This agreement enables TDC’s diverse customer base greater access to TowerJazz’s specialty process technologies, its technical support, and manufacturing capacity.
“We are very pleased with the depth and breadth of the TowerJazz specialty process technologies and accuracy of their design enablement models and tools,” said Kaname Arai, TDC President & CEO. “This agreement strengthens our relationship and enables improved specialty technology solutions for the Japanese market.”
“We are thrilled to expand our relationship with TDC,” said Ori Galzur, Vice President, VLSI Design Center at TowerJazz. “Combining their design expertise and experience with our leading specialty technologies will allow us to jointly increase our market opportunity in Japan.”
About Toppan Technical Design Center Co., Ltd.
Toppan Technical Design Center Co., Ltd. (TDC), a group company of Toppan Printing Co., Ltd., is a total service provider for the development of LSIs utilizing various LSI technology including digital, mixed-signal, analog, memory, etc.
The company’s SOC design business began over 30 years ago, as part of Toppan Printing’s photomask production business. Its expertise grew over time, and now its technical capability includes large-scale system LSI design utilizing world-class IP such as ARM CPU cores and wide variety of ICs across broad range of analog technology. In recent years, the demand for such full-service operation - LSI design through to volume production - has grown dramatically, and this Device OEM Business is now on course to become one of our main business lines.
Unsurprisingly Gaza issue quoted as contributary reason for current fall back.....and now Hungary joins the fray.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000564590&fid=942
Because I'm in warrants I obviously want them to do well. My mention of dilution was feedback from communication I had with TJ finance. I think just like you that the stronger position is money in and sort the rest when it happens. By then the progress with all the contracts should more than nullify dilution concerns.It's past time this stock took off! Meanwhile,we keep hanging in......
still difficult to know just how much global events affect the company and the pps. Gaza does not seem to be an issue in this regard at present.
Like to see developed market players come in heavily......and we might then see real progress towards that $5 and beyond. Hope the company has not been using MM's to hold price lower then expected this last 2-3 months...their finance section was concerned about dilution should significant $2.78 exercising take place before expiry. Would have thought money into the coffers was worth lots of exercising.AIMO
New debt restructuring might help......
http://www.globes.co.il/serveen/globes/docview.asp?did=1000563856&fid=942
Elwanger to present at UBS Global
http://maya.tase.co.il/bursa/report.asp?report_cd=544277
Wonder if this guy would like to join the TJ bandwagon?
http://www.globes.co.il/serveen/globes/docview.asp?did=1000560444&fid=980
There has been understandable consternation and frustation re recent 'lack of TJ pps progress' especially after the Q1 confirmation of the Company's continued and consistent forward momentum. Numerous reasons have been offered as to why.....Greece et al & the EU future,latest Korean situation, potential further dilution (warrants etc to exercise) overall debt etc...but perhaps the most significant one is the imminent (26th May) Israel change from 'emerging' to 'developed' status(MSCI). Hopefully, the latter will soon lead to new levels of support for TJ from different(larger?)institutions...and a strong upward direction of the share price.
Thanks...although I am already aware of the procedures. My concern was more general rather than specific in that some previous posts this year have been deleted where less offence was obvious (to me)than in a very recent offering. Surely all posters should be afforded even 'consideration' irrespective of viewpoint or personality. AIMO
Is posting consistency re GRC being maintained on this board?
From IHub regs:-
"10.constitutes a personal attack, which is defined as:
Posting harassing or otherwise objectionable content about another member;
Calling another member names;
Not staying on topic with the current investment discussion, but instead focusing on an individual member;
11.is abusive, threatening, vulgar, obscene, or otherwise objectionable."
TowerJazz gets design wins for new RFID processor
The foundry's new processor targets wireless RF and digital TV tuner applications which have a combined market worth more than $1 billion
http://www.globes.co.il/serveen/globes/docview.asp?did=1000558585&fid=942
TowerJazz Announces Next-Generation SiGe Technology for High Volume
Consumer RF Applications
Design kits now available for 130nm SiGe BiCMOS technology
http://www.towerjazz.com/press-releases/jsp/displayFile.jsp?file=TowerJazz_SBL13_10May10_FINAL_isa.pdf
Pace increases.....ND could better 160 today
http://www.tase.co.il/TASEEng/General/Company/companyMainData.htm?subDataType=0&companyID=002028&shareID=01082379
nb just seen same sentiment elsewhere.
Wheels rolling well as 12th nears
http://www.tase.co.il/TASEEng/General/Company/companyMainData.htm?subDataType=0&companyID=002028&shareID=01082379
plus some semi info from not far away (from UK) borrowed from AB
http://www.siliconrepublic.com/news/article/16124/business/semiconductor-industry-set-for-boost
Now need positive earnings news from Q1 as well as continuing progress to buck the current semi hiccup. All aboard for the Ellexpress........
Would be surprised if current selling is solely due to EU (Greece et al) problems....which begs the question ....what else is causative? Was expecting the opposite as we near the 12th. Answers should soon be forthcoming.
Yes...that was in Sundays' Globes online. Also more from Globes today on the TJ entry into the MSCI developed markets.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000555087&fid=942
With things starting to warm up before May Q1 (all good news from those semis already reporting) and some board support for acquisition sooner rather than later, have been looking at a few figures re warrants. Common PPS forecasts from analysts and others vary from $3 to $6, some before and others by this year end.
So...at what point might we see any likelihood of a warrant price getting near to $1 if the pps progresses well?
I guestimate that it would take a PPS of at least $3.78 (ie $1 ITM)as a minimum to achieve the above... looking purely from a cost point of view.
eg. (including leverage factor of 1.8)
1.Investor buys 180 common @ $3.78 = $680.40
OR
2. " " 100 warrants @ $1.00 = $100.00
plus, on conversion 180 common @ $2.78 = $500.40
= total of $600.40
making a saving of $80 dollars per 100 shares purchased.
Any higher pps achieved before the warrant expiry date in March 2011 should in theory generate a higher warrant price but as time goes on selling on the warrant market will surely become a greater risk. This assumes correct logic/maths.
Good to see upward movement again. Wonder which is the greater causative agent... Intel with an extra good Q1(some companies must have very efficient admin support in being able to report up to a month ahead of others)or the TEGA news. Whatever ...it's all great to see. There is so much good stuff in the TSEM portfolio it still surprises me that the pps has lingered as it has notwithstanding shorters, profit takers and the company debt.
Even without acquisition news the lead up to Mays' results should now be very interesting with all the companies that TSEM supplies doing very well.
Further to previously supplied info re 'cashless' exercising I received this today from TJ investor relations contact. Last paragraph is most pertinent.
"Your e-mail has generated quite a lot of discussion internally. In the end, this is what the lawyers of TowerJazz have said:
In regards to the $2.78 / share warrants that are to expire in March 2011, if not exercised before (which were originally issued as part of the Acquicor Technology, Inc. IPO, then became exercisable for Tower shares following the merger), the warrant certificate and warrant agreement do not provide for cashless exercise. There is a limited provision allowing for cashless exercise by a small group of insiders who purchased warrants in a private placement prior to the IPO, but even they can only use this cashless exercise provision if Jazz has elected to redeem those insider warrants.
So, in order, to exercise the warrants, a warrant holder has to deliver a certified or official bank check or bank wire transfer in immediately available funds. There is no provision for cashless exercise that would apply. Anyway, it is noted that TSEM stock still needs to increase by a further 60% from where is today in order for it to make sense economically to exercise it, and for the able to come into play."
Last thing to note is that although cash less exercise under the warrant documents is not available, the company is positively considering it in order to minimize shareholder dilution for all holders. If or when the stock price exceeds $2.78 before March 2011, it is possible that this cash-less vehicle will be implemented for the warrant holders.