I would guess that raising the cash was meant primarily just to reverse the effect of a couple of years of burn, and get the treasury full again, as it once was, in case of another unexpected cyclical downturn.
OTOH, I wouldn't be surprised by a small acquisition, similar to the epitaxy division that was bought.
The Concept acquisition, like probably more than 50% of all acquisitions by all companies, appears to have been a disappointment. There was little synergy, for example in using the sales force, because the customers are different.
If there is another acquisition, I hope it works better, but I wouldn't bet on it. |
