This is the exchange of poison pen letters between Legatum and Sonus.
legatum.com
Hassan Ahmed and the new CEO are utter morons. No wonder they are not ready for the big time. No wonder Wall St. thumbed its nose at them despite the promise and the technical excellence.
Nonetheless, I'll be buying on the very cheap as the idiotic failure to take Legatum's suggestions to heart has hurt what should under normal circumstances be a stellar performer.
Except for effective governanace and management, in which it is sorely lacking, Sonus is performing admirably. As Legatum notes, 43% of the value of the company is in cash. In other words, there is serious value here at the mid-3s.
Legatum has a history of not backing down from the nastiest fights,which it usually wins.
I'm placing my money on them. I think they'll clean house. Doing so should do wonders for the share price.
Edit: Nottenburg, the new CEO, founded Multilink, which was sold cheap to Vitesse, another loser, where he held a position in which he didn't do very well. Then, chief strategy office at....Motorola, LMAO!, because he is a good buddy of Zander.
Now screwing the pooch at Sonus.
He must be one of the incompetents who interviews well but is deep down an utter moron.
I smell l-o-s-e-r.
What a joke.
But it will be a profitable joke.
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