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Nvidia shares surge amid Intel takeover speculation
http://tinyurl.com/kh6vl
BOSTON, Oct 4 (Reuters) - Nvidia Corp. shares climbed more than 8 percent on Wednesday amid speculation the graphics chipmaker could be acquired by Intel Corp., traders said. A spokeswoman for Intel, the world's No. 1 chipmaker, declined comment, saying her company doesn't comment on market speculation. A spokeswoman for Nvidia could not be reached. Nvidia shares rose $2.32 to $30.62 in afternoon Nasdaq trade. Some 20 million shares changed hands, about double the three-month daily average. Investors have been speculating that Nvidia might be acquired since July, when Advanced Micro Devices Inc. agreed to buy Nvidia rival ATI Technologies Inc. for $5.4 billion. Rumors of such a transaction resurfaced on Wednesday, spreading quickly across Wall Street trading desks, according to three options market participants. "There is speculation that Intel will make an acquisition announcement tonight," said Bill Lefkowitz, options strategist at brokerage firm vFinance Investments in New York. Investors bought up call options contracts, hoping to profit from a surge in Nvidia shares if the company is acquired at a premium to its current share price. Before noon more than 33,500 Nvidia calls were traded in the U.S. options market, more than twice their normal volume over the last 20 trading days, according to market research firm Track Data. Some observers said that they doubt Intel would buy Nvidia because it's too expensive. The company has a stock market capitalization of about $10 billion, which means it would demand a far higher price than what AMD is paying for ATI. AMD's purchase of ATI allows the Intel rival to enter a new market as it currently doesn't make graphics chips. An Intel acquisition of Nvidia wouldn't have that appeal because Intel already sells graphics chips, an area where it has been expanding by hiring engineers specialized in that field, said Pacific Growth Equities analyst Satya Chillara. Additionally, Nvidia Chief Executive Jen-Hsun Huang isn't ready to hand over control of the company, Chillara said. "There are psychological, emotional and financial variables at play," he added. |
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Nvidia shares surge amid Intel takeover speculation
"Air Raid" wrote in message
oups.com http://tinyurl.com/kh6vl BOSTON, Oct 4 (Reuters) - Nvidia Corp. shares climbed more than 8 percent on Wednesday amid speculation the graphics chipmaker could be acquired by Intel Corp., traders said. I've got a bridge going cheap if you're interested. AMD needed a graphics division and bought ATI for half the price it would have had to have paid for Nvidia. Intel, OTOH, is the biggest graphics chipset maker in the world. The high-end gaming market Nvidia and ATI specialise in is tiny compared to the mainstream market. Intel doesn't need Nvidia, isn't going to pay US$10b+ for it and isn't going to fight the antitrust suits that would result if they did. |
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Nvidia shares surge amid Intel takeover speculation
"DRS" wrote in message ... "Air Raid" wrote in message oups.com http://tinyurl.com/kh6vl BOSTON, Oct 4 (Reuters) - Nvidia Corp. shares climbed more than 8 percent on Wednesday amid speculation the graphics chipmaker could be acquired by Intel Corp., traders said. I've got a bridge going cheap if you're interested. AMD needed a graphics division and bought ATI for half the price it would have had to have paid for Nvidia. Intel, OTOH, is the biggest graphics chipset maker in the world. The high-end gaming market Nvidia and ATI specialise in is tiny compared to the mainstream market. Intel doesn't need Nvidia, isn't going to pay US$10b+ for it and isn't going to fight the antitrust suits that would result if they did. And Nvidia is doing just fine on their own.Their vid cards are leading the gaming market,and their Nforce chipset is popular in the enthusiast motherboard market for both Intel and AMD.It makes more sense for them to stay independent . |
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