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F5 Networks, Inc. Message Board

cocraic 1 post  |  Last Activity: Jun 2, 2014 7:34 AM Member since: Jul 9, 2013
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  • I spoke with TXHG's CEO last night and he expressed his complete satisfaction and gratitude that the legal action is behind us. From the last PR:

    Mr. Shrewsbury, the Company's Chairman and CEO, stated "We are very pleased to be able to finally reach a settlement of this matter which has been ongoing for several years. By eliminating burdensome legal expenses associated with the litigation, we expect a decrease in our on-going expenses and an improvement in our financial results."

    This is the proverbial win-win since it not only shuts the door on problems/activities from prior management but also allow TXHG to divert legal expenses into operative expansions. In other words, the settlement not only provides a stimulus for future sales/marketing but also alleviates TXHG management from having to dish out more cash in legal expenses.

    This is a great step in the right direction for the company and its shareholders.

    Nice job Buck - you definitely earned it!

FFIV
112.41-0.82(-0.72%)Jul 25 4:00 PMEDT

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