Last week's flurry of tech M&A deals seems to have not slowed down on Monday as chip designer Mosys Inc. (NASDAQ:MOSY), Microsemi Corp. (NASDAQ:MSCC) and a unit of Intel Corp. (NASDAQ:INTC) continued the trend. The deals may be a sign of things to come this week, but investors weren't convinced as they avoided all three tech companies. Overall, the Dow finished up 1.36, or .02%, to 8,764.49, and the Nasdaq closed down 7.02, or .38%, to 1,842.40. Here's a closer look of deal stocks on Tuesday:
Shares of Intel finished flat at $15.92 as Intel Capital -- Intel's corporate investment arm -- made a $43 million investment in high-speed, long-range Japanese wireless broadband technology UQ Communications. The deal follows Intel's purchase of Wind River Systems Inc. (NASDAQ:WIND) for $844 million, the chipmaker's biggest deal since 1999 when it bought networking technology company Level One Communications for $2.2 billion. In conjunction with its investment in UQ, the giant chipmaker also announced a collaboration agreement under which it will work with original equipment manufacturers to provide WiMax laptops with its Intel Centrino 2 chips.
Meanwhile, chip designer company MoSys finished down 5 cents, or 3.03%, to $1.60. It said it has acquired privately held Prism Circuits Inc., a three-year-old developer of intellectual property for high-speed interface technology. In another chip deal announced Monday, Microsemi said it would buy Nexsem Inc., a privately held maker of high voltage DC to DC conversion technology used in LCD televisions, set-top boxes, notebooks and netbooks. Microsemi shares closed down 13 cents, or 0.9%, at $14.29.
In other deal news, Qwest Communications International Inc. (NYSE:Q), with a debt load of about $13 billion, wasn't able to find a buyer for its long-distance network, as apparently bidders weren't offering enough. The telecom was looking for between $2 billion to $3 billion. The Wall Street Journal said some offers were less than $1 billion. Investors sent the shares down 24 cents, or 5.76%, to $3.93. - Gerald Magpily