take over target - intel ?

I guess its a weak market condition today or else going by today's announcement, the stock should well over $1 by close of trade. But then its good because you can buy cheap ! Wait till the Yank knows about this, then the stock will be $2 sooner than you think. It also make senses for Intel to acquire Silex and have the technology to itself. Even offering at $2 per share, it will only cost Intel about $210 Aussie Millions and that is small change. The return on investment is enormous ! plus don't forget the cash on hand Silex has at the moment as well.


Here is the interesting part of the announcement, the rest you can read from ASX.

Intel'sTM Recent Announcement:

The semiconductor industry enjoys a ubiquitous platform in Silicon. By way of
contrast, Photonics requires many exotic materials that prohibit access to the high
volume silicon industry. To achieve integration of photonics into mainstream
electronics it is critical to move away from exotic materials and demonstrate key
photonic functions in Silicon ­ these functions are: manipulation of light by electrons,
conversion of light into electrons, and ultimately the creation of light itself from
electrons. Recently IntelTM announced impressive achievements in manipulation of
light, creating an optical modulator in Silicon which can transfer data from a chip onto
an external light source. Ultimately, Translucent's technology will enable that external
light source to be created on the same chip (i.e., creation of light from electrons &
conversion of light back into electrons) thereby providing the 2 missing pieces
required for the complete integration of photonics in Silicon. We believe Translucent's
technology is synergistic with those of the large semiconductor companies around
the world who are striving to achieve complete Photonic integration.

Appointment of New CEO:

"Translucent now moves towards the commercialization phase of their business,"
said Dr. Michael Goldsworthy, Silex CEO. "To that end, we have recently recruited
Dr. Larry R. Marshall as Translucent's CEO. Larry has a strong track record of
delivering new technologies to the market. He raised the original funding for
Translucent, and has served on the Board of Directors since its inception." Over the
past 3 years, Marshall commercialized a pure optical processor chip technology at
Lightbit Corp which he successfully sold in a highly-competitive 5-bidder transaction.
Over the past 16 years, Marshall has founded 4 successful technology startups,
which lead to one IPO (Nasdaq:IRIX), one merger, and two acquisitions

Translucent Commercialization Plans:

"Startups tend to evolve through 3-phases in which they sequentially deliver the
Technology, the Business and the Return," said Dr. Marshall. "We will soon enter the
'business delivery' phase. The first half of 2004 will see us `deliver the technology' in
the form of our 1stprototype. It is likely that this 1stprototype will be aimed at the existing semiconductor market, rather than the emerging photonics market. We will
ship a number of these prototypes to our potential customers and work through a
detailed evaluation with them. We will collaboratively refine that prototype over the
2ndhalf of 2004. At the same time, we will form alliances with companies that comprise the critical elements of the value chain: Wafer Manufacturers,
Semiconductor Tool Manufacturers, and Chip manufacturers. Once that value chain
is properly established, we will begin to deliver the return, starting in the 2ndhalf of 2005." Establishing these relationships will further strengthen Silex's position in the
commercial semiconductor industry, and enhance the already strong synergies
between the Silex and Translucent technologies.

This stock has huge potential, the fact says it all !