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jdaasoc

09/07/03 8:05 PM

#148806 RE: george8 #148805

RE CY

I think they got pile of cash to fund next round of CY R&D which I think will be cheaper then $32 to buy those new shares. Intel Capital division of Intel Corp. made $ Billions per year with their investments like MU.
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Zeev Hed

09/07/03 9:18 PM

#148812 RE: george8 #148805

CY still has warrants (relatively short fuse, maybe another two years) on $400,000 shares at $15, that is a source of future cash ($6 MM) for NVEC, which they will need to support the growth of their own business (MRAM is not their "current business at all, it will not be for at least two years) in sensors and isolators. That figure needs to be kept in mind as a future support of NVEC stock, and probably much higher to give CY an incentive to exercise these warrants. CY would be in grave trouble if caught "manipulating" the stock of a public company...