Replies to post #9204 on OracleTrading

[Bull Trader]

forget earnings reports. just look at charts. HERE IS ONE FOR YOU:

CDL (2.10) LOOKS LIKE A BLUE BUY DOWN HERE~~~

[Bull Trader]

BLUE RULE OF THUMB #1 - BUY BASED ON THE CHARTS - HOLD (for how long) BASED ON THE DD.

[Bull Trader]

At least one of BLUE'S STOCKS put on watch before the week began (and accumulated nicely by BLUE) is going PARABOLIC TODAY!!! GNSS going KA-BOOOOOOOOOOOOOOM!!!!

LOOKY HERE: http://investorshub.advfn.com/boards/read_msg.asp?Message_id=25154862&txt2find=gnss

THE STOCK IS ALSO IN OUR iBOX!!!!!! (and has been for a week!)

STMicroelectronics to Buy Genesis for $336 Million (Update2)

By Chiara Remondini

Dec. 11 (Bloomberg) -- STMicroelectronics NV, Europe's largest maker of semiconductors, agreed to buy Genesis Microchip Inc. for $336 million to boost its presence in the digital- television market.

Genesis Microchip stockholders will receive $8.65 a share, according to a statement today from STMicroelectronics. The offer is 60 percent more than yesterday's closing price of $5.40 for Santa Clara, California-based Genesis Microchip, the world's biggest maker of chips for flat-panel computer displays.

``STMicroelectronics is trying to strengthen its position in a segment with great growth opportunities,' said Fabrizio Spagna, managing director of Axia Financial Research.

The purchase is the first acquisition announced by STMicroelectronics since 2004, according to Bloomberg data. Chief Executive Officer Carlo Bozotti said in October the Geneva-based company may pursue a more aggressive acquisition policy. STMicroelectronics plans to ``be a real leader' in multimedia chips and in power applications including power management and home appliances, he said in November.

STMicroelectronics will use existing cash to finance the acquisition, it said. The company had $3.3 billion in cash and cash equivalents as of Sept. 29.

Morgan Stanley advised STMicroelectronics on the deal, and Shearman & Sterling LLP was legal counsel. Goldman Sachs Group Inc. served as Genesis Microchip's banker, while Wilson Sonsini Goodrich & Rosati Professional Corporation was legal adviser.

Stock Decline

The board of Genesis Microchip approved the acquisition, according to the statement. Shares of Genesis Microchip, which has lost money in four of the past five years, have fallen 53 percent since its initial public offering in 1998.

The company makes video processors for liquid-crystal display computer monitors and controllers for digital-television screens, according to its Web site.

``Through this acquisition, STMicroelectronics expects to expand its leadership in the $1.5 billion digital TV market, one of the fastest-growing segments in consumer semiconductors,' the company said in the release.

Demand for LCD televisions probably will rise 46 percent next year as they take market share from plasma screens, according to a forecast by UBS AG analysts this month. That will result in a shortage of LCD panels, according to UBS.

STMicroelectronics fell 15 cents, or 1.4 percent, to 10.52 euros at 12:05 p.m. in Milan, giving it a market value of 9.58 billion euros ($14.1 billion).

To contact the reporter on this story: Chiara Remondini in Milan at [e-mail]
http://www.bloomberg.com/apps/news?pid=20601085&sid=ao3UHn686jZc&refer=europe