It's clear that MLNX would benefit mightily from the acquisition of EZCH - never been a doubt about that. The issue has been about the acquisition price.
I hope that EZCH will host a conference call to discuss the NPS, the Tile MX-100, and the legacy NPU business. We haven't had a CC from EZCH since early August and now we're being asked to vote in January about the price, nearly 6 months later. A lot can happen in six months, and the disclosure process needs to be transparent.
If the $25.50 price is fair to current shareholders, why not hold a CC? Otherwise, the same MLNX offer that has already been rejected/cancelled once is likely to be rejected/cancelled a second time.
P.S. - I know there are differences of opinion about the merits of the $25.50 price. The vote is democratic, so in that sense there are no incorrect points of view. As an EZCH shareholder, I'm only asking for information so I can make an educated decision about the adequacy of proposed MLNX acquisition for $25.50. Also, a lot of the discussion has focused on the NPS, but the Tile-MX 100 is not far behind. Besides being compensated for the R&D&E expenses related to the NPS, are EZCH shareholders being fairly compensated for the cash acquisition of Tilera, its ARM license, and R&D&E expenses? |
