SI
SI
discoversearch

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? -- Ignore unavailable to you. Want to Upgrade?


To: Adam Smith who wrote (982)1/10/1998 4:45:00 PM
From: Geof Hollingsworth  Read Replies (1) | Respond to of 1119
 
Hi Adam,

I have known about Retix since Andy DeMaurey (sp?) ran it-had cast it aside when it got into trouble, then started watching it again in late '96 based on a tip from the great techie, now regrettably gone from these boards. I think most of her info came from Hank Zannini.

The reason for my Sonoma interest is that the terms as described elsewhere don't make sense to me. If Retx is maintaining a 20% interest, this must be a financial buyer, since another company would want the whole thing. I can't believe that in today's market, Retx is going to get a buyout firm to pay them $10 million, take over the continuing working capital responsibility at Sonoma, and leave them with 20% ownership. If that's what people are expecting and the deal when announced is a lot less attractive for Retx (eg, no cash to them), what happens to the stock (short term)? Is there another chance to buy in cheap, or will people be so glad to be rid of Sonoma that they won't care?