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These gains don't cause pain. A capital gain is the amount of money you pocket by selling one of your investments for more than you paid for it. Technically, capital gains only count for what's called a capital asset, but that's really just anything you own for investment purposes. Stocks and bonds obviously qualify, but your house and household furnishings can also count.
For tax purposes, capital gains are classified as either long-term (held for more than one year) or short-term (held for less than one year) and there are different tax implications for how long you hold onto a capital asset. For most long-term capital gains, you're taxed no more than 15% of the value of the asset. Short-term gains get taxed as regular income, so you pay the rate for the tax bracket you're in.
Capital gains can also be realized or unrealized. When you physically sell an asset like a stock, you've realized the capital gain. When you're holding the stock, and it has a value over its purchase price, but you're not selling it, you've got an unrealized gain, and you won't realize it until you sell.
In a perfect world, we'd all have capital gains. But no one¿s that smart or lucky. When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. In fact, many people who sell a stock that has risen far over their purchase price tend to sell some stinkers, too, at the same time for the tax benefit. This is known as a capital-loss offset.
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Friday, June 20, 2008
ASMI Rejects the Unsolicited Combined Indicative Offer for its Front-End Businesses from Applied Materials and Francisco Partners
Comtex
BILTHOVEN, NETHERLANDS, Jun 20, 2008 (MARKET WIRE via COMTEX) ----BILTHOVEN, The Netherlands - June 20, 2008 - ASM International N.V. (NASDAQ: ASMI and Euronext Exchange in Amsterdam: ASM). On June 17 ASMI received a combined, unsolicited indicative offer from Applied Materials and Francisco Partners for all of its Front-End activities. The offer consists of an offer from Applied Materials for its Atomic Layer Deposition (ALD) and Plasma Enhanced Chemical Vapor Deposition (PECVD) activities with an initial value indication in the range of USD 400 million to USD 500 million and an offer from Francisco Partners for the remainder of its Front-End activities, including its Epitaxy and Vertical Furnaces activities, with an initial value indication in the range of USD 225 million to USD 300 million.
After due and careful consideration the Management and Supervisory Boards of ASMI believe that the unsolicited offer for part of our Company significantly undervalues the Front-End business and fails to reflect its future prospects. The wide offer value range, the complex structure of the combined offer and the unclear terms of the partnership furthermore represent significant uncertainty and execution risks for ASMI's shareholders, employees and other stakeholders.
As such the Management and Supervisory Boards do not believe the offer is in the best interest of its shareholders, employees and other stakeholders. ASMI therefore rejects the unsolicited offer.
About ASM
ASM International N.V., headquartered in Bilthoven, the Netherlands, and its subsidiaries design and manufacture equipment and materials used to produce semiconductor devices. ASM International and its subsidiaries provide production solutions for wafer processing (Front-end segment) as well as assembly and packaging (Back-end segment) through facilities in the United States, Europe, Japan and Asia. ASM International's common stock trades on NASDAQ (symbol ASMI) and the Euronext Amsterdam Stock Exchange (symbol ASM). For more information, visit ASMI's web site at www.asm.com.
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Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: All matters discussed in this statement, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholder and other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, epidemics and other risks indicated in the Company's filings from time to time with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's reports on Form 20-F and Form 6-K. The Company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances.
Copyright Copyright Hugin AS 2008. All rights reserved.
Contacts: In the US: Mary Jo Dieckhaus Investor Relations +1 212-986-2900 Email Contact At ASMI: Erik Kamerbeek Investor Relations +31 30 229 8500 Email Contact
SOURCE: ASM International NV
http://www2.marketwire.com/mw/emailprcntct?id=8B5EE8F6A755425C http://www2.marketwire.com/mw/emailprcntct?id=42FFF934C48CBAD3
Copyright 2008 Market Wire, All rights reserved.
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