wait until it shakes out
He should have stayed away and kept any respected reputation he had left..now he is on the Titantic and throwing every excuse in the book s a lifeline. The BOD had a chance to sell this company a year ago for probably $7/share now we are going under $2/share
I have to say that Meyercord sounds like he has a clue unlike Berger who sounded like an idiot. I never liked Berger he was always vague and never told the truth especially about Lenovo
Great products and NO BERGER with a whole new focus add in getting rid of 285 deadbeats and we have a recipe for a major turnaround.
ALLT is most likely a better buy at this point for Francisco or they just buy clicksoftware and abandon there takeover of PKT..sounded like they where reluctant to even pay the 11.50
This went from 8.50 to 6.50 with good news
If Francisco didn't buy this at 11.50 where do you think PKT stock would be in the next few quarters?? They said book to bill was below 1 and ALLT said that the market was horrible zero visibility and Europe was horrible..PKT might have traded back in the 7's so maybe this was a silver lining..but I am not the best judge since I had 15k shares at 5.70 not at $15..if I did I would probably not very happy
There is no white knight coming
ALLT trading about 240 million with higher revenues and more cash on hand..looks like 11.50 was fair after all
ARUN was a joke..HP overpaid for them I think they paid 4x revenues..too bad PKT board and management was such a pushover
They could have issued stock back when it was over 100 or even at 90 and reduced debt years ago..smart guys would know not to carry 3 billion in debt
Under the terms of the definitive agreement, Francisco Partners will commence a tender offer no later than May 5, 2015 to acquire all outstanding shares of Procera's common stock for $11.50 per share in cash.
Thanks PKT for selling too cheap