FORE's 81.2 M shares
I thought the number was closer to 115MM shares?
The only reason a company becomes an acquisition target is because their valuation relative to the acquirer is bargain basement.
The only reason? It may not be a reason at all. First let's look at the definition of valuation. Perhaps a higher valuation is rewarded to proven earnings growth, or improving profit margins, or larger market share, or increasing revenues. When you look at FORE in context with a company like CSCO. I'd say both were valued equivalently considering those factors.
If FORE had shitty products you might not wonder how they cna consistently fail to generate sales or profits. But FORE is supposed to be a PIONEER IN THE HOT TECHNOLOGY OF THE DECADE!!!. They are hanging on by a thread. The list of suitors is decreasing, and eventually a better managed company will come out with a superior product and know how to sell it (or themselves).
I hope that this GEC thing isn't a continuation of a two week old rumor, and has some substance to it. Because despite what Eric Cooper, or Gill, or Jach might think, this puppy will not likely survive too much longer as an independant company. At least not with the boobs now at the helm.
Tell you what Trevor, I'll sell you as many shares as you want for $64. You can turn around and sell them to Cisco for a 100% profit. And today only, for every share you buy from me, you GET ONE FREE!
jas. |
