Texas Instruments is to acquire National Semiconductor for 6.5 billion dollars,or 25.00 a share.Funded with a combination of cash and debt,the deal is expected to close in 6-9 months.
For Texas Instruments,this is a bolstering of its analog chip business,moving away from the less profitable wireless business and toward touch and power management applications.
According to Nick Calamos of Calamos Imvestments,you really need to have scale to compete globally.It's a volume monetization type of business.You need to push out hundreds of millions of these chips.They are staking their future on analog.
Calamos Investments offers services to both individuals and institutions,with specialties in risk management and alternative investment strategies.Originated in 1977,it markets both open and closed-end funds and separately-managed accounts,employing a proprietary security evaluation system.
Texas Instruments(TXN),National Semiconductor(NSM)
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