I would assume the the patents yes. Its interesting how this was worded as there was a question of would they sell these two and liquidate or reorganize around their IP and become a pure licensing company.
Sunnyvale-based Meru went public in 2010, but posted the second biggest stock drop in Silicon Valley last year, losing 73.22 percent of its value and closing at $4.22 at the end of December. It closed Wednesday at $4.62, up 1 cent from Tuesday's close.
Trident was the biggest Silicon Valley loser of 2011, dropping nearly 90 percent over the course of the year.
If I was a Meru shareholder I don't think I would be excited over the hire.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.