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Technology Stocks : EZchip Semiconductor

EZCH 25.49

0.0%

Feb 23 4:00 PM EST

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From: NapaDoc	12/3/2015 8:42:32 PM
	5 Recommendations Read Replies (1) of 2675

Great that Eli reached out to the GG Board and I do trust him. I trust that his priority at this time is to cash out and retire or start a new business. 700k shares by my math is a little short of $18 million. I'd be happy, in fact ecstatic to retire with that in the bank. Not sure an extra 5 or 10 points is going to make his lifestyle that much better. And he deserves it and I don't blame him. He's built a great company. However, as a shareholder I need to understand why this is the time to do it and there has been no compelling fact based explanation. Further, the communications from EZ have been inconsistent and extremist both in outlook for the business and rationale for the merger, and in fighting RC . In August, everything was progressing on or sooner than plan with NPS, NP5 was ramping, and there was a reasonable way to look at replacing CSCO revenue (if in fact it was lost in 2018). Now it's a scary world and we should be happy with a 16% premium. Yet there is no public information to suggest the risk for the business has changed. Cheaper "good enough" technology has always been a risk. The shareholders have not had a conference call and Q&A since August. To make any informed decision about being acquired at 25.5 in December or January we need an update of the business and updated guidance for the next quarter. Also, the opportunity for analysts to ask questions. It's the right thing to do for shareholders.

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