As with most things in this world, the big fish always eat the little fish. Echelon made a fatal mistake when they tried to sell smart meters head to head against the big boys. Had they offered the software for a small fee to be embedded in the big fish meters, who knows where they might be today. Unfortunately, they are going to lose out to the big fish again with this new focus. Nobody needs to buy them because what they have can be duplicated or bettered.
They were wise to not disclose the terms of the acquisition. They are losing millions every quarter so if they paid cash, they just accelerated their move to bankruptcy. If they paid in stock, they just diluted a $2 share price.
Yeah, apple needs to invest in a penny stock to make money. Give me a break. This is speculators buying for a quick 10% return, just like they did when google made their acquisition. Once the dust settles, and people realize that apple has no interest in Echelon, the stock will be back at 2.5 or less, and the next earnings report will contain no new significant contracts, only hope and wishful thinking.
You must be new here. They stopped using that script after Oshman passed away. He was arrogant enough to say things like that even though they were more wishful thinking than anything else. This management team knows they have nothing to promise, so they choose to say nothing rather than looking foolish when potential isn't reached.