jeudi 20 décembre 2012

GAMING....THQ = Chapter 11

THQ Inc. THQI.nasdaq is being acquired.....maybe. Before you get too excited about any major turnaround huge-premium buyout you better pay attention to the fine print here. Clearlake Capital Group, L.P. has entered into a stalking horse bidder agreement to acquire THQ’s assets in an Asset Purchase Agreement. Here is the problem: the buyout is via Section 363 under Chapter 11


THQ has said that it has obtained a commitment for interim financing to fund its operations without interruption. The agreement covers substantially all of the assets of THQ’s operating business, and it includes THQ’s four owned studios and games in development.

As part of the sale agreement, THQ will get to shed certain legacy obligations and emerge with a new stronger owner with what was called “substantial experience in software and technology.” THQ says that it will continue normal operations without interruption during the sale period, assuming that court approval of THQ’s first-day motions.
To facilitate the sale, THQ and its domestic business units have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Court for the District of Delaware. THQ’s foreign operations (including Canada) are not included in the filings. Wells Fargo and Clearlake have lined up debtor-in possession financingbof approximately $37.5 million.


mercredi 19 décembre 2012

AMD.nyse - ADVANCED MICRO DEVICES INC

Selon les premières fuites, le prochain system on a chip de Nvidia adopte l’architecture ARM Cortex A15 et sera doté de 6 fois plus de cœurs graphiques que le Tegra 3. Il pourrait faire son apparition lors du prochain Consumer Electronic Show

""..... le Tegra 4, qui sera présenté au début 2013, la société voudrait refaire son retard et même prendre une confortable avance.
Cette puce gardera le principe des 4 cœurs haute puissance et d'un cinquième cœur compagnon à basse consommation, destiné à gérer par exemple la veille ou l'utilisation comme simple téléphone et augmenter ainsi notablement l'autonomie. C'est surtout au niveau de la partie graphique que Nvidia veut mettre le paquet. Le Tagra 4 embarquera pas moins de 72 cœurs graphiques ou ce que Nvidia nomme ainsi. En tout cas, la puissance graphique théorique serait alors 6 fois supérieure à celle du Tegra 3, qui est déjà confortable.
Comme toujours quand il s'agit de puces destinées à des mobiles ou tablettes, on peut se poser la question sur l'usage qui sera fait d'une telle puissance, peut-être proposer les premiers appareils capables d'envoyer des vidéos 4K sur les téléviseurs 82" à ce format qui arrivent...""


mardi 18 décembre 2012

GMCR ...êtes-vous intéressé ?

Caribou Inc. CBOU.nasdaq is being acquired. If you want proof that the retail coffee market is not a dead sector, all you have to do is consider that Caribou is the second-largest company-owned premium coffeehouse operator in the United States, if you just base the calculation on the number of coffee shops.
The Joh. A. Benckiser Group is acquiring the company for $16.00 per share in cash, for a total sum of about $340 million. The agreement represents a premium of about 30% over Caribou’s most recent closing stock price of $12.32. One consideration we would note is that the 52-week range is $9.93 to $18.84. That being said, even if this is a 30% premium, some buyers may allege that the deal undervalues Caribou.
It is also important to recall that this Benckiser Group, a German firm, is the group which spent about $1 billion to acquire Peet’s Coffee & Tea Inc. So why is the tea and coffee bull not dead? You have to consider that Starbucks Corp SBUX.nasdaq is in the midst of acquiring Teavana Holdings Inc. TEA.nyse in a deal worth close to $600 million.
Shares of Green Mountain Coffee Roasters Inc. GMCR have not yet shown any interest in participating in the ongoing coffee bull market. Its shares are down 0.5% at $40.10 as its peak interest has, at least for now, come and gone.