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Tessera Technologies Inc. Message Board

foreverwhiteroses 22 posts  |  Last Activity: 23 hours ago Member since: Jul 16, 2004
  • Reply to

    In Defense of Miller

    by samtn12 Sep 19, 2014 12:57 PM
    foreverwhiteroses foreverwhiteroses Sep 19, 2014 6:01 PM Flag

    I agree the article is crazy misleading without even mentioning anything about the bankruptcy side of the assets being acquired. However, there are still a few things about the changes that bother me and are also mentioned in the article. For example, the article confirms that from an overhead point of view, there's nothing but increased overhead from Geisler's hire. SB is continuing to be paid and gee, he's going to get 5k less than Geisler - nice concession! On top of that, though I don't think it was mentioned in the article, Geisler's getting 1 mil in cash as a signing bonus if I read the details correctly. Where's that money coming from, profits? Then also buried in the details, Geisler WITHOUT cause, can resign at his discretion at any time under some very broadly defined guidelines and it's in writing all his awarded options immediately vest. So all in all, the hiring of this guy does very little immediately but add to overhead. It just seems to me as though MILL's acting like one of the big guys when it comes to hiring and compensation when they are far from being in a position to consider themselves one. Hey, this new guy may well be worth it.... He's Harvard and U of VA educated but he doesn't seem to be a boots on the ground (excuse the term) oil man, just more of an oil and gas analyst with experience in finance within the field... Maybe that's what MILL needs, I sure don't know, but it really bothers me how freely MILL is and always has been to ramp up the overhead/leverage at the expense of the bottom line.... I suppose in the world of empire building, the strategy worked for the likes of Aubrey McClendon, but that never seemed to turn out all that well for Chesapeake shareholders.
    For the record, I own such a tiny amount of MILL shares I shouldn't bother with it and my overall knowledge of the company is probably commensurate with my tiny stock position.

  • Reply to

    What in the world is keeping this stock down

    by ajdoha234 Sep 18, 2014 10:20 AM
    foreverwhiteroses foreverwhiteroses Sep 19, 2014 11:03 AM Flag

    Well I, unfortunately have. AUDC is a VOIP related company with strong ties to MSFT's Lync. It was in a huge uptrend in March, but then, when the stock hit 9, they issued 3.5 mil shares at 8. It's now at 5.50. To me INVE's similarities with AUDC are primarily that AUDC are that both are in hot tech areas, and both issued shares for no apparent or specifically defined reasons. To date, I don't think there's been any positive impact on Audiocodes from the stock issuance proving a solid, return on capital reason for raising the money they did. It's my hope that Jason has a reason that will be quickly proven. At first, I thought maybe there was institutional interest being expressed in INVE and issuing 2 mil shares was perhaps a way of filling that new interest while fortifying the balance sheet, but the aftermarket is certainly making me question that theory. So hopefully, Jason has some solid acquisition in mind or some other definitive reason that will become apparent relatively quickly. I don't need another AUDC.

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