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Technology Stocks : CGRM Centigram
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To: Red Dragon who wrote (271)6/23/1998 10:01:00 PM
From: David R  Read Replies (2) of 333
 
You are correct in that. The general perception is that CGRM gave away TTTS to LH at $5M. Never mind the lost opportunity if they would only have held on to the L&H stock. CGRM is guilty of mismanaging the company and the money. The CGRM $50M that has been in the bank for 4 years would have tripled in a mutual fund.

With the CPE sale, I believe that CGRM has given away its core technology for nothing. There were other possibilities such as partnerships, etc., that could have helped get the CPE in shape.

A key is to see how Mitel does with the CPE business. The jury is still out, but my bet is that a year from now, looking back, it will be obvious that the sale was a tragedy for CGRM and a windfall for Mitel. Given that scenario, and the lack of a cohesive SP strategy, I do not expect Puette to be around for long. If he goes, then CGRM will probably be sold. That is, what is left of it.
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