Why Mr Tan resign? anyone---
I doubt he really resigned, I suspect they tossed him out.Revenues are down (although they missed estimates by only 4M and hit on earnings..17C), but come on, look at the valuation.480M in cash and the company generates about 75M in free cash flow every quarter. With the total market cap around 1B you're looking at 6 quarters of cash + their current cash. That is insane.Maybe it's been staying down because of Tan, who knows? I guess we'll find out on Monday if the share price runs if the markets wanted him gone.
Very close to the estimates and with Tan gone how will the market react tomorrow? I think it is a positive with all the negativity towards Tan. We shall see tomorrow.