I understand your point - which is very valid. The company believes it can boost Messaging to a solid No. 2 in market share. So far, they don't provide great confidence to the investment community that they can execute on their plan. I agree with Morgan Joseph that the EDC side is much easier to understand and to valuate. Messaging is sort of an enigma within an enigma.
Are you making a firm offer? ------- I have been looking at entry points here for some time.
I am afraid that not enough money would be involved to make it a tender offer.
My point was that an acquisition BY GEMS is not really a bonus. For it to be a bonus, you would have to assume GEMS would be able to run the acquired company more profitably then its current management. Otherwise, I am not sure that tech share values are low enough to assume that all beat up tech stocks are values.
You would be better off if someone were to acquire GEMS then the other way around. In a typical acquisition the acquirer pps takes a hit, and the aquired's goes up. It is the general basis for acquisition arbitrage.