I doubt it. It's pretty unlikely, especially since this is a fast moving buyout. Everyone has their opportunity during the process to bid higher. No one did.
Hard to believe not a single larger company like a CSCO or Oracle or F5 or ANYONE else would not want to pay more than $11.50 a share. Depressingly shows you what the actual situation was. And it was a lot closer to what I was saying...ie it's really true, no one was interested at all. Peter said they were lined up around the block and couldn't way to get their hands on PKT.
I always thought Openet would have been a good fit. Guess not.
I wholeheartedly agree, but I was really hoping for at least $15. BTW, 1st quarter revenue blew away estimates but the book to bill was below one.
I never really understood this space and it's true nature and growth possibility. Maybe this is a good deal given ALLT is also a garbage stock. SVC is killing it though.
I'll take my money and huge PKT loss and move on. And learn from it. Brear sold everyone kool aid and cashed out huge in the $20s. I'll learn from that too.
$11.50? Is this a joke?
Hey peter, where is this long line of big companies who want to buy PKT? They ever show up?
7% above 52 week high. For this "high growth" company in a "high growth" space.
At least I can be done with this stock for good. Good riddance to it, and Brear and all his total bunk rhetoric.
HAHA, funny stuff Pippo. However, I do recall back in April 2011 when the stock was halted before the apaziquone trial was announced, a hoax rumor stating that BMY was buying SPPI for $27 a share came out. When that came out you stated you would be mad if that was truly the case. Mad at a $27 a share buyout. Hence, your judgment is in extreme question.
Get rich from Raj? No. The only people getting rich is Raj and other executives. They have siphoned this stock to nothing. If they weren't greedy and criminals, you would have a lot more money in your account right now. That is a fact. Any additional value or market cap created immediately goes to Raj and a small group of executives.
Best of luck "getting rich" in this situation.
Gonna be a long while for "an and". Hope you are willing to wait a long time.
No management changes will happen. Status quo rules. Better hope Brear can deliver for about 7-8 more quarters in a row, with ZERO slip ups whatsoever. One minor slip and it's back to square one. Lonnnnnggggg road.
WOW, these SPPI executives continue to STEAL from shareholders. Absolutely ASTOUNDING amount of compensation being paid to the 4 highest paid executives. Try $10m+ to the top 4 highest paid executives. That is just plain and simple criminal. Add up all the compensation on that page and it's close to $40m. Over a three year period. To 5 executives. Who can't post a profit and have no significant drug to sell.
Just crazy stupid company. Anyone who is an SPPI shareholder and accepts this and is not infuriated is just as guilty as them. "oh just wait 2 years". Yeah, good luck!
While I agree CISCO isn't interested, there is a lot wrong with this post. CSCO acquires companies smaller than PKT frequently. You are completely wrong in saying they only acquire companies with hundreds of millions in revenue. Completely wrong.
Engaged is very interesting. They are quite activist and they get results. Many of the companies they were activists against eventually got sold. I am very happy to see them on board, and as of right now, the activism is the only hope for optimism.
Highly unlikely at this point. If larger companies were interested, we would have seen bids, and many bids, by now. The stock has been trading at this dog horrible level for quite a long time now, and still, ZERO bids.
Highest share price since early 2008. Now THAT is how you build a business; let the operating results speak for themselves. They are the leader in this space despite Brear the legend and visionary's saying otherwise.
I am sorry I just can't get over "let their operating results speak for themselves" comment when the guidance is 'near break even'. What in the world operating results are you speaking of??!! Are you confusing PKT with SVC? Because SVC is the one who is letting the business and operating results speak for themselves. And the stock has been responding in kind. Yeah, Brear is letting them speaking for themselves, hence the toilet stock price.
Appreciate the business model? Surely you jest.
Let their operating results speak for themselves? Um, that has kinda been the problem the last two years!
Woo hee, what a post. And the focus ISN"T on the business dude. It's on winning awards and dumping tons of money into over engineered technology.
Just think, on $87m in revenue this company is "near break even". That is the business and results you are talking about? No profit on $87m??!! Brear has built up an EXPENSIVE INFRASTRUCTURE.
They are also earning 20 cents a share while PKT is "near break-even".
See what happens when profitability actually becomes a priority?
To both of you: I guess if you just keep on saying it over and over and over, perhaps someday it will come true.
This stock is going nowhere without outside activism or a complete change internally as far as attitudes towards actually caring about the stock price. We have a chance at the former, but not the latter. That is the only play left here. "2015 a special year" is certainly not going to be the mantra that will do anything for this stock. It's a toilet stock for a couple of more years minimum. Activism is the only hope left, and that one is fading fast.
Looks like significant wins sure have dried up. Sandvine is right near 7 year highs as they continue to kill it.
So what's the plan here? Volume is at 3.5 year lows. Interest has completely evaporated. Wins aren't being announced. What's the plan?
The stock up 7% today. Not far away from multi year highs. Sandvince just continues to do great for it's shareholders. It's the PKT antithesis.44% of SVC revenue is from North America. So much for NA being soft! Brear just doesn't want to admit that SVC is killing them in NA.
haha....SPPI BOD. A funny concept given they have to be the biggest rubber stamp BOD out there. They are too busy giving Raj gigantic enormous comp packages and ignoring shareholder votes to out a couple of them.
At some point most of you (not Tartia or Pippo) of course, will fully realize that Rajesh Shrotriya is a white collar criminal. Maybe you still aren't quite there, but don't you have to be getting close?