Good post -- a lot of anger though -- was that directed at me or CYBR? In either case, I don't understand what has gotten your blood pressure up. Did you buy in at the top of the market?
Brazen investor deception? -- I myself would be more careful about such a charge -- unless you are part of one of the current class actions, I don't see how you can benefit from such talk. Mistakes were made, but I am not so quick to find purposeful fraud.
Channels are certainly stuffed with CYBR products, but the DSO problem has been corrected and CYBR is taking huge price protection write-downs. Your criticisms are valid, but backward looking. I see all those CYBR boxes in stores as a positive sign.
You are right that the deals with MSFT and Gateway will not produce significant revenues and earnings, I never claimed they would. My point was that they represent, IMHO, strong evidence that this company is not going to dissapear anytime soon. Think of it as a lifeline, CYBR has a chance to regroup and redirect. This is a very innovative company, I am willing to bet that there are more Oil Change and Guard Dog programs in the pipeline.
I did not speculate about equity investments by MSFT or Softbank. I only commented on the grapevine. If true, such investments would have a dramatic impact on CYBR's stock price. Don't get so emotional that all you can do is trash the company while ignoring opportunities. We are all just trying to make money here. If, yes if, the rumors are true and some big hitter makes an investment in CYBR, don't you agree that this would affect the price? I pointed to Softbank's investment in E-Trade as an example for how the market might respond if the rumors prove to be true.
You suggested that all the good programers have left CYBR. This is certainly a valid concern, but I think it overblown. I have no inside information (but would be glad to hear from anyone in the know) about who has left and who is currently writing code for CYBR. The one thing that I do know is that this company has some interesting products, recently traded at $31 and has recently repriced its employee options to around $5 per share. If I were a young programer, this might seem to be a real opportunity. Besides, how many big name software companies are there in LA these days?
No white knight? Maybe not, but it is likely that there are others out there beside me who might look at CYBR's products and its future potential and think that it is worth more than the current $95 million. Some of these people might sit in executive suites a larger software/technology companies. A large investment is possible as is an outright buyout.
Thanks for the offer on your limited partnership, but right now, my money is on the line betting that CYBR will see $10 per share before it will see $2 per share. |
