I'd guess that they'd be postponed until market conditions guarantee a favorable reception but the intention of management is to cut up the company into different, eventually independent parts.
Where have you been that you don't know this?
Check the news from when CBR had it last big run above 23. The reason was the annoucement of the planned IPO of Digiterra (unnamed at the time).
Our best ROI is if management sells the whole company to a stronger player for a big premium on the current pitiful market price. But I fear they have deluded themselves to believe that they can increase the share price by carving up the business.
You need to check the batteries in your cluemeter, Sonny. CBR has already carved out DigiTerra as their "package enabled e-business subsidiary" (blarg) This is all the pieces that they stuffed together, gee, seems like just last year under the "One Ciber" initiative. Oh, it was. Hell, they barely got to use the new business cards.
DigiTerra will supposedly go IPO soon and current shareholders may get some crumbs in the fall. There are other pieces being chopped out that I can't remember offhand, i think their Web design boutique is one of them.
I've already had one limit sell go through at 20 for 100 shares, I hope I can get out in pieces all the way up to 30.
As a former employee who left on good terms from a subsidiary, I had great faith in Mac and Co. But the last year's flailings are starting to have the pungent reek of flop sweat.
<<I've already had one limit sell go through at 20 for 100 shares, I hope I can get out in pieces all the way up to 30.>>
Wow! I wish I shared your optimism. I buy under 17 and sell over 18. Have done this several times in last few weeks. I'm currently in @ 16 13/16 (only 1000 shares). I hope your right about going back to 20 or 30!!!
Go back and read my previous posts on this board. There WILL BE lots of cosolidation in this industry in the 2nd half of this year. The big 4 do not want to be perceived as body shops so they will stay away from buying in this group, but it is such a good value that CA or IBM may jump in. The only way to succeed in this industry now is too lower overhead and management pay to offset the commodity margins in place now. By the way - these companies have no idea how to do projects so do not look for a move that direction to bail them out, if they try they will start losing big $$$$.