Oh great Glenn, now we have Aol eBay and Wal-mart as potential acquirers of Amazon.com.;-)
Btw
Cosn went public today priced at 23.Hmmm
>Qwest Communications International Inc., which has agreed to buy $18.3 million of CoSine's gear, holds a warrant to buy more than 1.2 million shares of CoSine's stock at 81 cents a share. At $23 a share, Qwest's warrants would be valued at $28.4 million, for a paper profit of $27.4 million.
CoSine's relations with Qwest, its most prominent customer, are deep and complex. The family of Philip Anschutz, Qwest's founder, chairman and largest shareholder, was an early investor in CoSine and holds more than a million shares. Vinod Khosla, a venture capitalist at Kleiner Perkins Caufield & Byers, which is one of CoSine's biggest backers, sits on Qwest's board. (Another Kleiner Perkins-backed company, BroadBand Office, also is a CoSine customer and warrant-holder.) A Qwest spokesman declined to comment on the matter.
In its amended filing, CoSine included a charge against revenue to reflect the value of the warrants it has given to Qwest and others. Using a standard model, CoSine valued Qwest's warrant at $10.3 million, substantially less than it could be worth after trading today. Future revenues also will be reduced by the value of the warrants. |
