Wednesday, November 29, 2006

Semi Stocks Piling Cash May Be Takeover Targets

According to Barron's Tech Trader blog, Prudential said some semiconductor companies are piling up cash on their balance sheets and may find themselves the targets of takeover bids from private equity firms if they don't rationalize their balance sheets. Mentions Analog Devices (NYSE: ADI), Linear Technology (Nasdaq: LLTC), Altera (Nasdaq: ALTR) and Maxim Integrated Products (Nasdaq: MXIM) Link

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