Replies to post #438499 on Zeev's Turnips Patch-No Politics (ZEEV)

[girlfriend]

Just got some FORD myself at 18.18

Lord help me...

[federal reserves]

I wouldn't short a specific stock

but AIG looks ripe for a slide to the low 60's.

[Zeev Hed]

Happens, yesterday in the post session it traded as high as $26.5 that I saw....I was really looking forward to a print of a new high. I'll have to live with that disappointment (g).

[marketmaven]

IBANKER FOLLIES: CSCO Wastes $7B for SFA

Cisco's Chambers Makes A Play For Digital Media
David M. Ewalt, 11.18.05, 11:00 AM ET
http://www.forbes.com/facesinthenews/2005/11/18/cisco-chambers-electronics-cx_de_1118autofacescan05....

They're heee-re! No, it's not poltergeists about to come through your TV set --it's Cisco Chief Executive John Chambers. In a bid to move more deeply into consumer markets and exploit the growing demand for digital entertainment, communication and services in homes, Cisco Systems on Friday announced plans to purchase cable TV equipment maker Scientific-Atlanta for approximately $6.9 billion.

Lawrenceville, Ga.-based Scientific-Atlanta makes set-top cable boxes and a variety of back-end hardware used by cable operators like Time Warner (nyse: TWX - news - people ), AT&T and Comcast (nasdaq: CMCSA - news - people ). The purchase will make Cisco (nasdaq: CSCO - news - people )a market leader in supplying the technology involved in transmitting television to consumers' homes.

"This deal makes sense as telecom continues to change. As telephone companies and cable TV companies gear up to compete, its all about the broadband line and all the services they can deliver to customers in all the different ways," says independent telecom analyst Jeff Kagan. "One key way of offering service is over the broadband connection to the home and office, delivering telephone, television and internet. That's what this deal addresses."

Under the terms of the deal, Cisco will pay $43 for each share of Scientific-Atlanta, and assume outstanding options, for an aggregate purchase price of approximately $6.9 billion, or approximately $5.3 billion net of Scientific-Atlanta's existing cash balance. Cisco says it will pay for the deal --its second largest ever-- with a combination of cash and debt, and the company anticipates the transaction will be neutral to its fiscal 2006 earnings and slightly accretive to its pro forma fiscal 2007 earnings. Subject to various standard closing conditions, the acquisition is expected to close in the third quarter of Cisco's fiscal year 2006.