Hello Everyone,
Andrew Seybold Have talked about IW before, at the time he was expecting IW to be a takeover target as well. Sure a lot has changed since than and the possibility gain more reality than ever, on the dawn of IW becoming a powerful presence in wireless world. I am glad to notice what Mr. Seybold thinks of combination of BEL and VOD into wireless powerhouse. From our standpoint, this combination has great marketing success for IW as a logical continuation of BAM deal, which I wrote about yesterday. It is very interesting that many people find remarks of takeover actually less attractive than IW independent growth, which is another strong support of future expectations, the place of IW is trying to forge in so called junior tier of wireless world. I read couple opinions on RB regarding candidates for takeover, the possibilities are endless but two names mentioned, AETH and PHCM, were leading the pack. IW may quite possibly look attractive to both, especially to Aether but, I don't find this combination to be a great benefit to us shareholders. I even sensed, as I wrote before, certain comfort in words of T. Carter when talking about intellectual property of IW in comparison to AETH. I believe that IW represents bigger potential and I think it is a better company, setting aside the $ valuation. Nasdaq listing will allow IW to become as strong as AETH, in financial scale, making more transparent the strengths of IW over AETH, mistake here is valuation which a lot of people find as a value factor, forgetting the technological edge.. Phone.com is a company in her own class and I don't think that their growth would need a boost from IW's section of wireless business. I wouldn't dismissed potential of equity investment from Phone.com but I don't believe that IW is needed to already huge momentum built by phone.com on its own efforts. I have a candidate on my own for takeover suitor and the probably most beneficial for the sector deal in my opinion would be one with PUMA. Technologically very advanced in messaging area, PUMA adds other operating systems to IW offering and would create most comprehensive coverage of OS out there, not mention the networks. The valuation is large enough to offer huge award for shareholders, even at 25% of share value of PUMA price for IW would be over $30.00, in today's prices. PUMA is probably more (than other two companies) involved in IW business and matching those two would cover all the aspects of wireless messaging, including PALM. The extra spice here would be PUMA's e-business ideas, which would only add more value to this possible marriage. On the other hand, I do agree with those who don't humor takeover as a best thing for IW. I believe that IW has enough potential to stand alone for success. I surely hope that IW could become very aggressive in the area of acquiring businesses to add to its explosive growth in the future, thanks to market caps enjoyed by companies mentioned here, in time of Nasdaq listing and beyond. Certainly those possibilities can only enhance IW of today and make a long term shareholder comfortably observe next step to even brighter future of tomorrow. |
