If you think this process just started your crazy..PKT has porbably working on the deal for weeks or month ago its just starting to leak. The longer this lingers the more it hurts there business and employee moral
Procera Networks Inc. (PKT) has tapped Stifel Financial Corp. to shop the business, according to three sources familiar with the situation.
The news comes after a number of activist shareholders launched campaigns last year, urging the Fremont, Calif.-based network equipment maker to sell itself. Chicago-based hedge fund Castle Union LLC and individual investor Ronald Chez have both been publicly urging Procera to explore strategic alternatives, including a sale.
The Deal previously reported that Procera could fetch $12 per share or more, and that it could garner interest
just my guess but all points lead to a quick deal..its extremely bad for PKT the longer this lasts with all there customers or potential customers and with PKT employees
there reserves discounted at the current met coal price minus the debt and cash on hand
This will come to roost for GE this year
Cirrus Logic initiated with a Buy at Rosenblatt
out this morning !
Maybe put one of the Cisco guys in charge
I can handle the balance sheet with the increase in revs and technology but what is unacceptable is Berger mismanagement..This is why so many activist get involved poor management and BOD, this company should have been sold last year for $10/share when the stock price was in the high 6's or 7's
Let's see if this will be a catalyst for CRUS next few quarters
management has proven there incompetent..time for activist investors to push for sale
That's the million dollar question since we could see some profit taking on earnings or the next leg up..my guess if its a blow out and a raise we see next leg up if we beat but guide in-line we see profit taking
This would be a huge win
Please go to IR and SEC filings
Roth Capital upgraded DepoMed Inc (NASDAQ: DEPO) from Neutral to Buy with a price target of $25.00 (from $13.50).