Sun, Apr 20, 2014, 4:44 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

ModusLink Global Solutions, Inc. Message Board

  • bobof1y777 bobof1y777 Jan 12, 2013 7:19 PM Flag

    ModusLink concludes strategic review, will not pursue sale

    ModusLink concludes strategic review, will not pursue sale
    As previously announced, the company's Board of Directors has been exploring strategic alternatives. As part of the review process, the company and its financial advisors engaged in detailed reviews and discussions with both potential financial and strategic partners. The Board has now completed this process and concluded that the best opportunity to enhance the value of its operating business is the continued execution of the company's business plan, including the turnaround actions discussed above, and it is not currently pursuing the sale of its operations. The Board believes that the company possesses a strong platform for growth and world class capabilities that are not appropriately valued in the market.
    K ModusLink at advanced stage in CEO search
    Subscribe for More Information
    16:45 EDT MLNK ModusLink in advanced talks to sell Tech for Less operations
    The company is increasing its focus on its core global supply chain and logistics business. As part of this focus, ModusLink intends to sell its Tech for Less operations and is in advanced discussions with a third party regarding a transaction. The company will continue to offer a strong remarketing capability to its clients through partnerships. Although the proceeds from a sale are not material to its cash position, ModusLink believes a sale would immediately improve the company's profitability. In fiscal 2012, the Tech for Less operations generated revenue of $25.9M and an operating loss of $11M.
    16:43 EDT MLNK ModusLink to reduce employee costs 13%-16%
    Subscribe for More Information
    16:40 EDT MLNK ModusLink concludes strategic review, will not pursue sale

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "concluded that the best opportunity to enhance the value of its operating business is the continued execution of the company's business plan"
      We know what their excution mean. u just need to look at the chart

    • We read all this. I am tired of waiting and hoping for some magic. I invested too much time and money in this BS and I am not going to rise white flag. I want closure. I do not believe they will improve their business, but I was in similar situations with other companies. White knight comes in and buys the POS. PalmSourse for example and Palm later or Sun micro systems. It is the only hope for this POS. I don't care for how much. I want to end this, but I don't have guts to do it myself. Please, end this circus for me, somebody!!!.

 
MLNK
4.22+0.17(+4.20%)Apr 17 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.