Merger and Acquisition #11: Mellanox Technologies Ltd
The eleventh potential take over target for the cash-rich big tech companies according to Bloomberg BusinessWeek is Mellanox Technologies Ltd (Nasdaq:MLNX), a 848 million network chip maker. Oracle has been using the company's product and with Larry Ellison expressing interesting in buying a chip maker Mellanox Technologies could be a great fit. The recent strategic investment by Oracle to Mellanox makes the buyout a greater possibility.
Shares of Mellanox Technologies reached its low of the year in mid August trading less than $15 per share. Since then the stock has been rose back to the previous high in July and is currently trading near $25 per share. The company's revenue continue to rise year after year although the profit dropped for three straight years. With the recent strong quarterly report and Oracle's investment the stock should continue to attract investors.
Shares of Mellanox Technologies reached its low of the year in mid August trading less than $15 per share. Since then the stock has been rose back to the previous high in July and is currently trading near $25 per share. The company's revenue continue to rise year after year although the profit dropped for three straight years. With the recent strong quarterly report and Oracle's investment the stock should continue to attract investors.
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