Wow! New buyer for telco tech!! Yes, that's the only reaction you can have to the
bid just now for
. Of all the rumored buyers of rumored targets, I don't know anybody who was thinking that GEC would get involved.
The result? An immediate revalution upward of telco tech right before our eyes. And can you blame buyers? This Fore price makes you feel like you can win both ways. You can win if the company beats numbers and you can win with a takeover if a company misses numbers. That's nirvana.
and now Fore. Three companies everyone said would get bids. Three companies that got bids. Reminds me of the days when
was rumored to get a bid. You couldn't
be there (yes, double negative, but I have been on vacation, so give my English a break).
Gotta love this tape.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in the stocks mentioned, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at