MERU almost gave me a heart attack, what a disaster? What would I have done without Ultimate Stock Alerts (do a Google search for them)?
Nearly lost $1200 on MERU. Made it all back though, thanks to the guys over at Ultimate Stock Alerts (look them up in Google)
i dont know why FTNT waste 40mil CASH for this junk, the book value of this co is less than 0, the employee wont stay and the management are bunch of crooks you dont want. i still dont know what they try to get, it might be MERU's good looking receptionist.
Meru woes started long ago when the previous regime of engineering management almost drove the company into the ground, that VP was finally canned. Then the new regime took over, and had a rather large cleanup task at hand and was very aggressive about it. Engineering improved drastically, but it was too little too late. Throw into the mix a terrible North America Sales team (couldn't sell free money), a greedy CEO, and a very ineffective executive staff (there were a few exceptions) and it was a recipe for disaster. Sadly there had been buy out offers on the table previously that were many times higher and they never came to light, makes one wonder what was in it for the CEO to pass on these much higher offers. Ultimately greed is what killed the company, massive payouts for execs that were effectively failures.....why?
SEC filing can be interpreted as Fortinet started bidding at 4.1 and when they figured out DB was incapable of selling the company, or incompetent, gradually dropped the price. Insiders make a nice number anyway, cover themselves by saying the got a few more cents than Fortinets last offer, ha!
You should be suing Cisco and HP for not bidding. Would stand at least as good as chance of benefitting shareholders than that current suit.
Agree, that is what I've heard as well! These kind of weirdos should be thrown out of the industry.
correct... heard that new engg head drove things to rock bottom. he fired all old guys which made legacy technology unstable and business down, then started multiple demo projects (more than half-dozen) with 2-3 engineers and trying to sell those as high quality products. not a single competitor picked up SDN story. looks like clueless executive staff lately was only experimenting.
Meru has some of the worst engineering management in Tech. Some really bad senior engineering management who are the most un professional and bad people you will ever meet. That is what I have heard. They drove the company to rock bottom and FTNT will take the usable pieces left over. If FTNT is smart, they will jettison the horrible engineering mgmt with no golden parachutes.
SPYR could easily become the next $10 cannabis stock as the company moves to acquire two greenhouses for its cannabis cultivation in Colorado
This DOG was heading No Where. IMO FTNT is wasting their time and capital on this loser of a company.
MERU shareholders should be grateful for FTNT's generous offer.
absolutely... stock price was above 3 till feb 2015. if the idiots had done the deal before that, price would have been much better...