Wow.

Our top long position AsiaInfo Holdings (ASIA) is currently up 25% on a purchase / merger with competitor Linkage Technologies (BOSS).  Linkage was set to go IPO this week - we spoke of both companies just last week. [Dec 1, 2009: IBD AsiaInfo Holdings China's 3G Conversion Boom Boosts Telecom Software Firm's Holdings; Competitor Linkage Technologies to IPO Next Week]

Can I get a Boo Yah?

  • AsiaInfo Holdings, Inc. (Nasdaq: ASIA - News; AsiaInfo or the Company) and Linkage Technologies International Holdings Limited (Linkage), leading providers of software solutions and IT services for the telecommunications industry in China, today jointly announced that they have signed a definitive agreement to merge, forming AsiaInfo-Linkage, Inc. (AsiaInfo-Linkage). The transaction will leverage both AsiaInfo's and Linkage's leading market positions and complementary customer bases to provide a robust, full-service offering to telecom operators.

More details to come; just had to pick myself up off the floor after falling out of chair when I saw the stock up 25%.  I am going to sell HALF the position here around $31, while I process the information and do some reading on this transaction.

This is a good move in terms of consolidating the space...

Long AsiaInfo Holdings in fund; no personal position