With market meltdown, which tech firms become predator or prey?

With market meltdown, which tech firms become predator or prey?

Smart companies will hunt for good merger and acquisition opportunities with stocks at multi-year lows. Here are the ones to watch.

Research In Motion | Symbol: RIMM | Stock Price: US$55.28 | Off 52-week high: 63 percent | P/E ratio: 18 | Market cap: US$31.3B | Cash and short-term investments: US$1.38B | Cash/market cap: 4 percent

One analyst, as reported by Reuters, believes Microsoft has a "standing offer" to buy the BlackBerry handset maker for $50 a share. Canaccord Adams analyst Peter Misek said the deal would require RIM's stock to fall to $40 a share before such a Microsoft bid would seem attractive.

While sales of Microsoft Windows Mobile phones are increasing, sales of BlackBerry phones are absolutely strong. But Gartner analyst Philip Redman still doesn't think this is a good move.

"I don't see Microsoft moving more into the low-margin mobile hardware business right now," he said in an e-mail. RIM declined to comment.

Yahoo | Symbol: YHOO | Stock Price: US$12.29 | Off 52-week high: 64 percent | P/E ratio: 17 | Market cap: US$17.0B | Cash and short-term investments: US$3.1B | Cash/market cap: 18 percent

If Microsoft was willing at one point to spend US$48 billion on Yahoo, why not spend US$31 billion just half a year later to get it? That's what one Yahoo investor -- not Carl Icahn -- is proposing.

Nvidia | Symbol: NVDA | Stock Price: US$6.81 | Off 52-week high: 83 percent | P/E ratio: 7.5 | Market cap: US$3.8B | Cash and short-term investments: US$1.7B | Cash/market cap: 44 percent

The graphics chipmaker has taken the steepest fall of any of the companies profiled here. As Barron's Savitz put it: "I know the company is troubled, but it now trades at under 1x revenue -- or about 0.5x if you back out the cash."

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags wall streetbailout


EDGE 2023

EDGE is the leading technology conference for business leaders in Australia and New Zealand, built on the foundations of collaboration, education and advancement.


ARN has celebrated gender diversity and recognised female excellence across the Australian tech channel since first launching WIICTA in 2012, acknowledging the achievements of a talented group of female front runners who have become influential figures across the local industry.

ARN Innovation Awards 2023

Innovation Awards is the market-leading awards program for celebrating ecosystem innovation and excellence across the technology sector in Australia.

Show Comments