says that the company had a suitor at $35 but mangement truned them down. I believe the buyer was CSCO. Supposedely that is why they did the secondary early. They are definitely vulnerable now because shares are now freely trading.
I normally take what countycappy says as being reliable but I am Reaganess in "trust but verify". IF there was a rejected offer in the range of $35. then management believes that going forward worth is north of that number. For now we sit tight and find out how far north this star travels. I can't imagine the tension associated with being short this stock.