Wxlt: "$20 has always been my personal target price. The acquiring company can justify the risk of investing $4 billion for a future return in the $10 to $20 billion range."

But what if that "risk of investing" is much smaller tomorrow than it seems to be today? Wouldn't that influence any buyout price and your personal target?

We have seen a lot of risk factors vanish recently, e.g. the UConn license royalties risk or the is-POET-for-real risk, the latter having been dissolved by BAE Systems.

I expect more risks go away or at least become smaller with the news to come, i.e. TDK, 100 nm, partner, Pellegrino 2.0 – you name it.

Aim for the stars.
You might not reach them,
but you will fly higher than
if you never aimed at all.

Andrea ("Powered by POET")