Cypress and Spansion to Merge in $4 Billion All-Stock Transaction

[miguelvp]

On my regular visit to Cypress.com I noticed something today:

http://www.cypress.com/?rID=103842

The combined company will:
•    Be a $2 billion global leader in microcontrollers and specialized memories for embedded systems
•    Be No. 1 worldwide in NOR Flash memories
•    Be No. 1 worldwide in SRAM memories
•    Provide significant EPS accretion with $135 million in annual synergies
•    Provide ~50% ownership each for Cypress and Spansion shareholders
•    Pay an $0.11 per share quarterly dividend to all shareholders
•    Have T.J. Rodgers of Cypress as CEO and Ray Bingham of Spansion as non-executive chairman

[Rasz]

Both companies have been kind of 'me too' for a while now. There is nothing special they offer, nothing unique that cant be second sourced (unless you get suckered down into vendor lockin with some of cypress micros).

[paulie]

Are you serious? Who second sources anything close to their PSOC devices?

Those do seem to be Cypress main claim to fame lately.

[dannyf]

A bad deal for Cypress shareholders,