As if tape storage vendor Quantum doesn't have enough to worry about with its plummeting stock price, it's now facing an assault by Starboard Value, an asset raider, which says it has 16 per cent of the shares and wants board representation. Starboard Value "invests in deeply undervalued small cap companies and actively engages …
"Interestingly, Quantum's market capitalisation of $283.8m is less than its fiscal 2012 revenue of $652.4m. Look at it this way: you could buy a $652m annual cash flow for $284m, a ridiculous state of affairs."
That is only ridiculous if you have information on its operating costs. This information is absent from the article.
... and execute on opportunities to unlock value for the benefit of all shareholders."
Buy shares, asset strip, sell shares, move on, leave company to die on it's ass.
- 'Windows 9' LEAK: Microsoft's playing catchup with Linux
- Review A SCORCHIO fatboy SSD: Samsung SSD850 PRO 3D V-NAND
- Was Earth once covered in HELLFIRE? No – more like a wet Sunday night in Iceland
- Breaking Fad 4K-ing excellent TV is on its way ... in its own sweet time, natch
- Every billionaire needs a PANZER TANK, right? STOP THERE, Paul Allen