by CSCO, MSFT, etc.,<br>rumors are going around that<br>these firms are looking to acquiring<br>VC firms to handle this for them since this is becoming a bigger part of their business.<br><br>Since the VC firms have been beaten up lately, they are ripe for the picking.<br><br>London Pacific (NYSE: LDP) with an office in Sacramento has been mention since they have a NAV close to their share price, very profitable, in the business for more than 20 years, controlled by insiders, and small enough to be easily gobbled up. Can anyone please verify?
As an LDP long for 2 years, I can confirm the quality of the firm and that they are trading near book. For awhile they were even trading at a discount of about 25% of the book value of their public holdings only.
Anyway, I see the more likely scenario being that companies such as MSFT and CSCO would employee LDP's services rather than buy them (see LDP's press release today to gather why I say this)
Anyway, the possibilities are very exciting. LDP announces earnings AUG. 14, should be around $5/shr.