RE: "I wanted clarity on PDSG's future so I approached Gloria Felcyn. I expressed that it was not good business to "throw good money after bad" and we should strongly consider selling PDSG. I knew that the BoD had been suckered into paying millions more than it was worth." - Stan Caplan

I just read your August 18 posting. All good information - thanks.

In particular the word "suckered" stood out. As a corporate staff member of a Fortune 500 company years ago I watched our company buy up much smaller business for far more than I thought they were worth. We paid heavely for "good will", which normally means we paid extra to gain a substantial Customer Base or at least sound customer contacts. In one case we were virtually the only customer of the company we bought.

What I think about these deals (my old company) is that money changed hands under the tables, perhaps both ways. Such deals don't make financial sense otherwise. Our company executives where not likely to be suckered so easily.

What about PTSC? I don't know but do you think they were suckered?