|Moderated By: Kirk © -- (Moderated) -- Started: 5/25/2007 10:29:51 AM Revision History|
Verigy engages in the design, development, manufacture, and sale of semiconductor test systems and solutions used in the production of semiconductor devices in the United States, Singapore, and Japan. Headquarters are in Singapore but releases news from Cupertino, California an old Hewlett Packard building. Verigy spun off from Agilent on 6/13/06 at $15 per share. Agilent was a 1999 HP spin off. The idea behind these spin offs is smaller companies could better focus on growth markets. The big growth opportunities for Verigy are in Taiwan, China and Europe as they expand.
This board is to share ideas with others who like to trade Verigy around a core position for added return as well as those who are considering Verigy as a long or a short.
Disclaimer: I own Verigy as a private investor and I cover it in my newsletter. I last added shares of VRGY at $8.32 to both my personal and newsletter portfolios. I also recommended it to others I help privately under $10 who now hold it with target prices to sell.
On 6/13/06, Agilent had its IPO for 8.5 million shares of Verigy at $15 per share.
Verigy had 58.7M ordinary shares outstanding, with Agilent owning approximately 86% of those shares. Agilent distributed the Verigy shares to us on October 31, 2006. We received 0.122435 shares of Verigy for each share of Agilent.
On 11/7/06, we got cash for our 0.31 fractional share. On 11/13/06 I added 200 more shares of Verigy at $15.91 to the newsletter portfolio to bring our total to 316 shares with an average price per share of $15.61. I may buy or sell my shares at any time.
Answers & my words are general in nature, are not meant as specific investment advice, and do not necessarily represent the opinion of anyone but Kirk. Individuals should consult with their own advisors for specific investment advice. In addition, past performance does not guarantee future results.
Disclaimer 2: I used to work at HP before it spun off Agilent. I may have too much faith in the people due to my fond memories and good money I've made both as an employee and later trading the stocks of HP, Agilent and now Verigy.
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