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A global communications technology company develops, manufactures and supplies cable telephony, video and high-speed data equipment, as well as outside plant construction and maintenance equipment for MSOs.
The deal with Google provides Arris with a lot of great patents that it can use. The company also sent 16% of its stock to Google, giving Google a lot of incentive to support Arris whenever it can. This could be key to getting great returns if Google decides to partner with Arris for some living room technology projects. The deal appears to be accretive for EPS, and the cash flows provided by the combination should be more than sufficient to cover the debt Arris took on to pay Google. All in all, Arris looks to have acquired something it can synergize well, and put itself in a good position with Google.
Hi AdamI wish you would post this on the Arris Board. One post-er was asking "....what do they do anyway, and are they making any money for us".This is one of my largest holdings and was a strong "pick" of my financial advisor So, I said yes, and bought several hundred shares..Cressida .
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