Why does TIBCO continue to buy shares? They've been over paying for years. In addition why would they buy shares last quarter when they new they were already going to miss revised guidance?
VR agrees with me (this statement IMO points towards a PE deal):
From call today (Vivek):
We've been under a cloud and there is a great deal of uncertainty about the future and it's impacted not only just employees, customers have put decisions off. So it has been a difficult environment in which to execute. And so against that backdrop you also then have some deals that we moved into the subscription category which would have kind of made the numbers look better.
I am surprised this is hold up on a/h. If it opens down 5% tomorrow and holds (after the avalanche of downgrades) then someone is accumulating. No reason TIBX should be above 15.00 as the TIBCO's losses on every line are accelerating.
Nose dive = someone unloading before earnings.
IMO, earnings will miss on all lines and TIBCO guides lower.
-TIBCO confirming they are looking at options right when they announce earnings is very suspicious. In addition, confirming this erodes confidence to customers and employee morale which will result in decrease sales for Q4.
-a ton of senior mgrs left during the quarter which underscores that sales are not good at TIBCO.
A train wreck coming and a subsequent takeunder. VR is the only person that will gain.
Just my opinion from following the co for a long time.
To single digits (DEC)
Writings on the wall seniors left, good employees left and now the distraction of selling.
Some big misses coming. Clearly someone unwinding a huge position today (day before earnings)
TIBCO at 15.00 lower in 2 more weeks...
I predicted this a few months ago...TIBCO employees will follow the seniors that left.
A massive miss coming in a little more than a week. Now news TIBX exploring options for a sale which will cause more employees to jump ship.
TIBCO could be at 9 or 10 bucks by years end.
Tweet with a poster of 4 followers...
Market buying the tweet with 900k shares traded all day.
Load up! Time to get Viveked!
The market seems to think bad earnings call and little room for PE premium.
There will be a HUGE miss in 2 weeks and the PPS will trade down 14-15/ per share. PE may pick up TIBCO for 15 or 16 per share.
All the executives left last quarter. The results will epically bad.
You've been Viveked!
Market agrees with me. In addition, as i stated last night, the shorts have covered and re-shorted.
ORCL is not buying. The Bloomberg article says there are no offers.
TIBCO had elected to forego a warning which would have drove up calls for VR to resign. To hold off those calls...TIBCO has decided to review sale options.
If the deal was near inked with ORCL, this announcement would not have been made as it erodes confidence in TIBCO.
Teens before months end.
No one wants to buy TIBCO otherwise they wouldn't be announcing they are looking at options. This press release will erode sales further. Who would buy TIBCO software product/services if they are trying to sell. The competition is going to go town with this press release.
Monkey nailed it, ploy by VR to show fiduciary responsibility. All the top executives left during the quarter. A huge miss is coming at earnings with even worst guidance.
This talk of 25-31 is pure non sense. Only way VR sells is under a takeunder scenario where he makes out retains control and the shareholders lose.
If Bloomberg's source are accurate and TIBCO sells to a private equity firm then 23.00 may be the high. When TIBCO misses in a few weeks 17 or 18 is more likely and the takeunder I predicted 6 months ago will be complete :)
Bravo VR. Nothing like turning down 38 buck a share from HP 3 years ago. Now they won't touch u with a 10 foot pole!
Monkey, I agree. No way TIBCO erodes there business further with announcement like this. Expect shorts to reshort after covering. 16-17 coming after earnings.
What exactly is the "standalone plan"?
I'm suspicious of the timing. Why now? Does TIBCO have another huge miss and opted not to warn? Did VR agree to explore alternatives because of another miss coming?
I think so. Earnings day could be really ugly buying on the rumor today.
The timing of this announcement is highly suspect.
TIBCO has had this before. No clues here. Just protecting themselves on a hostile takeover.
Oh geez...Praesidium stating the same thing I have for years.
It's not easy being right ALL the time. Too bad your lizard brain can't understand common sense. Now bank to the dumpsta
If the buy is out is true (which I doubt) I would be surprise if it were more than 19-20.
What I think is more plausible, seeing that all the seniors left over the last 6 months, things are super bad and there will be a string of many many bad quarters and TIBCO trades in single digits.
Fantasyland is where VR lives. A total pump and dump. Many VR grandiose predictions and comments all followed by grandiose revenue and EPS misses.
How can TIBCO's two second advantage and predictive analytics software not see Talabeau coming over a year ago? If I were a customer I wouldn't trust this same software to recognize patterns to identity security threats . Sad but true.
Only one who wins in a potential buyout is VR. This rumor was floated for a reason.