Passpass,
I do still like the acquisition theory but, unfortunately, I don't see an offer of $60/share in cash, or even in stock. Oh well. <G>
In reading the 10Q today, one of my concerns is the tremendous dependence on UUNET. It accounted for something like 15% or 16% of sales. In a 1.2B company, that is a lot of ports. Analysts have pointed to this as a problem.
ASND could quickly overcome the drawback were it to be teamed with a giant like Sun Microsystems or CPQ or LU or NT. Some of these "fit" better than others, but there are very good fits out there
Absent that, I am concerned about the long-term fundamentals. I don't savor the propect of ASND having to battle CSCO, NT, NN, COMS and LU for orders. And I think that is why consolidation of entities, with some entities falling behind, is inevitable.
ASND has good growth prospects now. I think that should be leveraged into a higher acquisition price for the company.
Gary Korn |
