I believe it would be in the best interests of WJ shareholders to sell the Semiconductor Equipment business to a larger semiconductor equipment company (Lam for example), by doing a tax-free stock exchange. (For example, WJ shareholders get X fraction of a Lam share for each WJ). Then WJ whould become a pure communications equipment company.|
But, I would not want to see this happen for a year or more. The equipment business is in a longterm upward trend that is not reflected in WJ stock yet.
Just some thoughts.