It’s time for the Lightning Round. Cramer makes the call on viewer favorites.» Read More
Just when you thought it couldn't get any worse for Advanced Micro Devices, Banc of America kicks the company when it's down, right in the teeth. And the report is sending a shudder through all of big-cap chip stocks.
Watch what happens when these two high-energy personalities are in the same room together.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Chip maker LSI Corp. said Wednesday it will acquire a silicon and software maker for $85 million in cash to enhance its position in producing security software applications.
LSI rose 4% after the company said it would sell its mobile phone chip business to Germany's Infineon Technologies for $450 million in cash with potential performance-based incentives of up to $50 million, payable in the first quarter of 2009.
Chesapeake Energy, Coach, Yahoo!, Sysco and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Texas Instruments (TXN), the world's largest maker of mobile-phone chips, reveals information about the future of chip sales, and the news spreads like wildfire. Click here to find out how the news affected some of biggest stocks in the space.
LSI Logic, a maker of storage and DVD chips, said Monday it would buy semiconductor and software storage company Agere Systems for about $4 billion.
Stocks closed sharply higher on a big day for corporate mergers, but investors may turn their attention back to the economy on Tuesday.
Mergers and acquisitions momentum has driven the markets today. Four big deals were initiated: Bank of New York and Mellon Financial; LSI Logic and Agere Systems; Pilgrim’s Pride and Gold Kist; and Station Casinos got a buyout offer from a group including its chairman for $4.7 billion.
CNBC's Bob Pisani gave his insight--here are more of the details. LSI Logic will acquire Lucent spin-off Agere Systems for $4 billion in stock. The deal values Agere at $22.81 per share. That’s a 28% premium to Friday’s closing price of $17.79. Shares of Agere have jumped in pre-market trading today – reaching $20.71.
Agere is one of the biggest makers of communication chips. They're being acquired by rival LSI Logic in a stock for stock deal--2.16 shares of LSI stock for each Agere share--$4 bl, or $22.81 a share, a 28% premium. It's an important deal--Agere sells to Alcatel-Lucent, Nortel and especially Seagate and Samsung Electronics.