Samsung Buyout
posted on
Aug 18, 2009 10:20AM
As Gil and a few others have indicated the possibility of a buyout, but have not offered an opinion for or against, I'll go on record to state that a tender offer would be the best thing that could happen to edig and all shareholders.
Projecting any scenario based on the hundreds of millions of dollars as stated by RP over any number of years doesn't produce enough profitability to project the share price to an amount anywhere near the value attained a decade ago.
Even partnering agreements wouldn't help much as it would be difficult to compete with the large Corporations that have hundreds of research and engineering personnel in product development and the marketing tools to accomplish their goals.
At almost 300 million outstanding shares, I think any offer above a range of $3.00 to $4.00 would be acceptable and a shareholder vote of YES would become a reality.
I hope this is part of the settlement in process.