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Message: Re: Flextronics-Stellar deal

Aug 01, 2012 04:01AM

opc
Aug 01, 2012 04:25AM
1
Aug 01, 2012 11:58AM
1
opc
Aug 01, 2012 11:59AM

This was the first time I had seen anything regarding the sale, from an Itell thread on the Y Board:

http://www.sfvbj.com/news/2012/mar/13/valencia-electronics-manufacturer-acquired-singapo/

Of course, the Board was rampant for weeks afterward with speculation regarding the total amount of cash that Al raked in, with most estimates seeming to be around $200 million to $300 million. In truth, the transaction was not considered a material event by Flextronics, and certainly doesn't look like a huge cash influx for Al Mann and therefore Mannkind. OPC's statement on PPS lows could definitely be possible. I just wish we could get Real Definitive information out of this management group other than fireflies and unicorns.

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