Search this from 1998 and you will see that Roche has been wanting a company like PACB for decades now, they are not going to let PACB slip away to some other company.
Roche Research Chief Is Betting Firm's Future on Genetic Research
Stephen D. Moore Staff Reporter of The Wall Street Journal
Updated July 13, 1998 12:07 a.m. ET
This is an old article, but I'm going to do a lot more looking tomorrow....when I'm awake.
Search this, to get a better idea just what Roche is.
"Roche Plans An $11 Billion Acquisition
By EDMUND L. ANDREWS
Published: May 27, 1997
There are a lot more than this.
I have absolutely no doubt in my mind PACB will wind up in Roche's barn, it's just a simple matter of being patient
Weak kneed no patience day traders.
Now they can concentrate strictly on their video games once again. We should be in some stronger hands now.
On the other side of that panic........there is somebody there willing to take their stock off their hands.
Hey pennyvulture did you actually read all of what I said ? Read it again, and if you have to go ahead and move your lips while you're reading, maybe that will help you comprehend what I said.
One more time, I have seen The Street write articles about a company that was ACTUALLY being bought out and the "writer" from The Street........gave the stock a SELL rating based on their financial history.
Now would YOU pennyvulture put any credibility in that idiot's SELL rating ?
When I think about it , yes I guess you would.
The "writers" for The Street, if you read their garbage for any length of time you soon notice that the vast majority of stocks they write about they say that The Street has a sell rating on the stock, even if there happens to be a positive event going on at the present time with the company..........because the base their ratings ALWAYS on the past.....history.
Not what is actually going on in the present.
Example, based on PACB's PAST financially who in their right mind would recommend the stock ?
PACB is not about their history of earnings............it's about what is ahead.
Read The Street for awhile and you will clearly see they base their "ratings" on a stock by the company's history of earnings.
No matter what. I've seen these idiots actually writing about a company that was being bought out, not just a rumor of it, but actually being bought out...........and these morons gave the stock a SELL rating based on their financial status.
Oh yeah, these are the guys I want financial advice from .
"How can anyone take these guys seriously!"
Only the braindead do, sometimes.
"CEO not on CC yesterday, possibly due to meeting with Roche. Earnings date also changed."
He did not, or can not , answer any questions about any Roche deal, so it's time to get the flu.
rarescientist You beat me to the punch. I was going to post very similar to your comment.
You do not enter into a deal from weakness, and having capital in back of you gives you strength. And in reality some here are overlooking the key words in this announcement, The key words are....."from time to time" and "Sales of our stock , IF ANY ".
In other words they are NOT actually issuing any shares now, it is "IF ANY"...."from time to time".
This is a common practice when a stock comes into play. This is if anything showing that PACB is actually indicating that negotiations are ongoing, and simply are having a war chest available....."IF ANY" is needed.
Ms. Susan K. Barnes has been the Chief Financial Officer of Pacific Biosciences of California, Inc. since February 2010, Executive Vice President since December 2010 and as its Principal Accounting Officer since April 2015. Ms. Barnes served as Senior Vice President of Pacific Biosciences of California, Inc. from February 2010 to December 2010. Ms. Barnes has nearly 30 years experience in senior financial management. She served as the Chief Financial Officer, Senior Vice President and Assistant Secretary of Intuitive Surgical Inc. from May 1997 to November 2005. Ms. Barnes also served as Principal Accounting Officer of Intuitive Surgical Inc. She started at Intuitive Surgical as its first full-time finance person during its early development stages. From 1994 to September 1996, she founded and served as Managing Director of the Private Equity Group of Jefferies and Company Inc., an investment bank. From January 1994 to January 1995, she founded and was Managing General Partner of Westwind Capital Partners, a private equity fund. From June 1991 to January 1994, Ms. Barnes served as Chief Financial Officer and Managing Director of BLUM Capital Partners (formerly, Richard C. Blum & Associates). From September 1985 to June 1991, she served as Vice President and Chief Financial Officer of NeXT Computer Inc. Prior to forming NeXT with Steve Jobs, she served as Controller of the Macintosh Division at Apple Computer from 1981 to 1985. Ms. Barnes served as a Director of Northstar Neuroscience Inc., since February 2, 2006. She served as a Director of Advanced BioHealing, Inc. She served as a Director of RAE Systems Inc., from July 2004 to May 17, 2006. She is President of the Board of the Nueva School. She is a Member of the Board of Trustees of Bryn Mawr College. Ms. Barnes received a B.A. from Bryn Mawr College and an MBA from the Wharton School, University of Pennsylvania
Once one company officially makes an offer.....then the auction begins.
Who else, ILMN, and what was the other company besides Roche a few weeks ago that was said to be interested ?
When you get as old as I am, your memory gets a little slippery. I'll think of it though, when I'm not trying to remember it.
Don't want to tax my brain right now.
fraud_investigatpr Says....."ALL I SEE IS A BUNCH OF LOSERS ALL HOLDING THE BAG".......All I say is you gotta get the hell out of your house and quit looking at all your other aliases.
And get your mind on other things besides " GOING DOWN".