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Data I/O Corp. Message Board

  • caminocasa07 caminocasa07 Sep 29, 2010 7:56 PM Flag


    No not a Daio deal but a deal involving
    Danaher and Keithley Instruments (KEI)

    Fred was VP and General Manager of Keithley
    at one time--I hope he still owns some
    stock which was up sharply today.

    Valuation of Keithley already being
    challenged by a swarm of law firms.

    It will be interesting to see how this plays

    It seems to me that Daio would be an
    attractive acquisition candidate sometime
    in the next two-three years especially if
    we can get into the $40-48 million revenue
    level in that time frame.

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    • Camino,

      Thanks for the heads up on Danaher's acquisition of Keithly.

      While Keithly is in a different electronics niche than DAIO, it illustrates how there can be a significant gap between the valuation investors put on a company and the intrinsic acquisition value of the some organization wrapped under a larger umbrella. Investors have valued Keithly shares in the $5 to $10 range for the last twelve months. The acquisition price is a bit higher...

      I am not suggesting any acquisition offer for DAIO would generate a similar % gain, but it should still be a healthy jump above $5 per share.

      One of the many unfortunate aspects of our legal system is an acquisition agreement that essentially doubles the value of Keithly shares generates a raft of instant lawsuits from under-employed attorneys hoping to extort money from the company and its shareholders. With our screwed up legal system the extortionists often win by getting paid to go away. The defense attorneys win by collecting big fees. Thieves wearing business suits. Shareholders for the acquiring and acquired company are the losers. It is a shame.

      Good luck to everyone.

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