| By Bloomberg News, 10/15/99 ANTA CLARA, Calif. – Intel Corp., the world’s largest computer chip maker, agreed to buy DSP Communications Inc. for about $1.6 billion in cash to add chips that connect wireless phones to the Internet. DSP shareholders will receive $36 a share, 29 percent more than yesterday’s close. The purchase is Intel’s second-largest acquisition and its biggest all-cash deal. Now the founder and CEO Davidi Gilo will have plenty of discretioanry spending money. He will now be able to efford buying new toys. How about buying Scitex at $11 a share with market cap of $478M ?, it is less than half of what his last offer was… |
