Wednesday, July 06, 2005 10:09:10 PM
Did they or did they not spend $150 million in buying two companies to catch up with SunnComm on the CD side, or, if the definition is preferred, to lay hands on the very best intellectual property on the CD side?
Seems not. They spent just $35.25M according to this article. I would guess that SunnComm has expended close to that amount getting to where it is today. If taken over 600M shares (400 SCMI, 200 MMXT) amounts to under 6 cents a share.
http://siliconvalley.internet.com/news/article.php/1495261
What was the outcome? Not one, but two, embarrassing blunders.
If copy protecting 450M CDs is a blunder, then SunnComm badly needs some blunders urgently.
Maybe we should think of comparing that figure with the current market capitalisation of SunnComm?
The real figure (not your figure) is on a par if you take SunnComm's market cap from a few months ago.
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