TIBCO retired 150 million in stock earlier this year. They used cash generated from issuing convertible notes...which will turn into common stock...very counterproductive especially when these notes convert in the 50.00's. Besides the silliness of that move, TIBCO retired those shares at 33.16. If TIBCO had the discipline to choose when they retired those shares they could haves retired close to 50% more shares! Where is the Accountability? Where's the accountability when TIBCO is trading. over 35% below what HP wanted to buy TIBCO for two years ago? Remember, VR told the BOD he could get the stock to that number without HP's help. TIBCO and Yahoo are two peas on a pod. I wonder if VR and Jerry Yang debate who's move was smarter not selling at a significant premium?
Doubling down on growth? TIBCO guided 9% revenue growth for this quarter? I agree VR is confident but could this be ignorance/arrogance? Time will tell. You can't tell the BOD almost two years ago that you can get the stock price to 38.00 without the help of HP while revenues are declining and the PPS is moving in the opposite direction. To me, this is a tell take sign of misplaced confidence.