Bob Pooler
Bob Pooler
direction marks question sale strategic
There are a lot of question marks about the strategic direction that they are going in. Is this still a sale or not?
basis clear company happen latest likely move pursue remain though
Though it's not clear what is going to happen now, the latest move indicates that the company is more likely to remain on a stand-alone basis and pursue takeovers.
came control cost excellent loss lower net operating particular result seen
Excellent cost control was seen in particular in R&D expenditure that came in significantly lower than we expected. As a result the operating and net loss was lower than expected.
basically buyer cash cows deal difficult expected longer major market people price process reflects
The major disappointment was that no deal was announced, because it reflects that it's more difficult than the market thought, that the process may take longer or that the price won't be as high. The cash cows aren't the cash cows people expected and a buyer basically doesn't have to have it.