CISCO's interest in AIRO is, simultaneously, an informed and sophisticated opinion that the sector is and will be a high growth sector.
PROX is a formidable force in the wireless LAN sector.
It is true that a rising tide lifts all ships. Prox will benefit from growth of the sector.
I had a nice ride with AIRO - after experiencing that very large move, I bought some PROX because I felt it underperformed what AIRO was doing. After the morning announcement, I bought PROX on the opening. I do not trade - this is a long term committment to hold and grow as the wireless LAN sector grows. And I will most likely add to the stock.
It helps that the stock broke through a double top - it is technically on its way for a large move.
Because of the AIRO acquisition, PROX will also be a target for a takeover. It would appear that if AIRO is a fit with CISCO, LU (I would bet) will have to look at PROX.
Could it be that Airo as part of CSCO now has the limited horizons of a large, diversified company that will do great, but whose acquisition puts an upper limit on the price--aproximately .6 of a CSCO share?
Whereas, for Prox, we now have rumor and positive uncertainty.
Something: like way up on rumor, not so way up on news.
Lot's of consternation and feeling ripped-off on the AIRO board. Posters feel sold out and missing what they were sure would be a two or three bagger. On the other hand, one poster said that AIRO and CSCO could do the math better than anyone, and that the price must be a fair estimate of AIRO's intrinsic value.
Talk about insider selling by the AIRO management!