RETIX (RETX) Perhaps Another Acquisition Target For CSCO? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : RETIX (RETX) Perhaps Another Acquisition Target For CSCO?

VRTL 65.59

-4.1%

Nov 7 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Delta2j who wrote (1016)	3/6/1998 2:06:00 AM
From: oreville	Read Replies (1) of 1119

executive buyout = pay to get the old executives out It appears that vert had little alternative but to pay the retx executives off to step aside and remove the financial drain retx was causing the overall company to endure. Yes the vertel people could have tried to stick it out and fight the excessive payoffs but it would have been at the expense of retix operations continuing to use up what little cash was left. A quick 1 1/12 mil buyout was cheaper than 9-12 months of continuing losses and NO CASH after one year as well as certain loss of vertel's ability to clinch the all-important deals with MSFT and HP re: linking TMN with WINDOWS NT. What we have left is a company that has a chance to conserve the precious little cash left and stretch it for perhaps a lot longer than one year since vertel hopefully is breaking even on a cash flow basis. I do not like executive parachute payments anymore than you do but try to imagine the alternatives. Of course IMHO Stay well, Oreville

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next