Browse > Home / Long Ideas, Markets, Stocks, Technology / Cisco (CSCO) Buys Starent (STAR) – Did You See This?

Cisco (CSCO) Buys Starent (STAR) – Did You See This?

October 13, 2009

Nice news today…. Our 2% position in Starent Networks (STAR) is getting a nice premium today as Cisco Systems (CSCO) is buying the company. In fact, a premium of 20%.

If you listened to the latest TDI Podcast (#130), we discussed STARENT in detail. Hopefully you picked up shares. If not, listen HERE and make sure to subscribe through iTunes.

9/2/2009 – Purchased 1% Position at $20.87
9/8/2009 – Increased position by 50% at $24.55 for a total of 1.5% position at $22.10.

(Note: Portfolios opened after the above dates may have a different average price for this position)

star

Oct. 13 (Bloomberg) — Cisco Systems Inc. said it agreed to buy Starent Networks Corp. for $2.9 billion, or $35 a share, a premium of 20.6 percent. Cisco said it expects the acquisition to be dilutive to non- GAAP earnings in fiscal 2010 and 2011, and accretive to non-GAAP earnings in fiscal 2012. The acquisition is expected to close during the first half of calendar year 2010.

___

Looking to invest in The Disciplined Investor Managed Growth Strategy?
Click below for the 14-minute virtual tour….

Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

Related Posts:

  1. Starent Networks (STAR) – New Information According to recent reports, there is the possibility that Apple (AAPL) may...
  2. TDI Podcast 147: Techo-Edition with Barron’s Eric Savitz Guest: Eric Savitz, Barron’s discusses some of the most important technology news...
  3. Looking at AsiaInfo Holdings – (ASIA) We have been interested in AsiaInfo Holdings for some time and patiently...
  4. Atwood Oceanics (ATW) – Gushing Profits We own Atwood Oceanics (ATW) as we found the fundamentals to be...
  5. Potash (POT) Cuts Guidance – Sales Soft, Outlook Dim Last week we sold short Potash (POT) again after covering at the...

Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

Written by Andrew Horowitz · Filed Under Long Ideas, Markets, Stocks, Technology 

Comments

This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.

2 Responses to “Cisco (CSCO) Buys Starent (STAR) – Did You See This?”

  1. Gabriel on October 14th, 2009 3:04 pm

    I listened to the podcast Monday evening, and figured I'd research things Tuesday morning. Have to make a mental note to listen to TDI 1st thing Monday AM from now on. :) Brilliant call.

  2. Andrew Horowitz on October 14th, 2009 5:10 pm

    Thanks

Got something to say?