CTO resigned because of Opnet acquisition. Mgmt. And the Board are all crooks
Thts the reason the stock dropped like a rock after the opnet acquisition. Opnet brother owners colluded with rvbd higher mgmt. to sell the company with slowing revenues for a billion dollars. Opnet was worth maybe $300 million and these monkeys paid $1 billion for it. Cascade and Opnet product is very similar. This was a horrible acquisition. Same thing will happen here that happened to HP after they bought autonomy. Sales people will start leaving soon and Opnet integration will not go smoothly. They will lose customers and badly miss numbers next qtr and take a big charge. Opnet dso's are over 43 days. Thts horrible for a company that size. All in all, I dumped 20,000 shrs and will dump the rest tomorrow after I buy my covered calls back. Great company, #$%$ mgmt.
its not about the revenues or the earnings. its about Mgmt. integrity concerning Opnet acquisition. There was no need to acquire a very slow growing company hugely dependent on government contracts. RVBD wasted a billion dollars. so the street took a billion out of their market cap.