I'm a waiter at a Boston restaurant. I waited last night on five guys who work for Shiva. Here's what they told me (adjust interpretation from employee enthusiasm): Expect good things from Shiva within the next six months. I don't know whether this is true, but they said Shiva "owns" the corporate market, where the money is. Its product doesn't compete with cisco b/c cisco doesn't have a comparable product. Also, as has been pointed out elsewhere, the entire networking industry is consolidating. The real players are emerging, and the losers will soon be gone. Don't be surprised by a takeover. Shiva, however, has a poison pill that must be renegotiated. Compaq apparently is interested in buying a networking company to become a division. Likely candidates are Bay, Ascend, maybe even Shiva. These guys told me to buy the stock and just wait. Nothing's going to happen for six months, though.
Take it for what it's worth.
Oh, and also, Shiva has $4/per share in cash. As one guy said, "To say our business is worth only $6/share (minus the cash) is just plain ridiculous."
Paul |
