If it looked like the merger were proceeding, I would have confidence that it likely makes sense. Such is my confidence in the current management. The fact that it looks as if they are not likely proceeding with the merger I think underscores that decisions are being made with deliberation and care. Whether it was a matter of price, changes in the market for contract printing, or in the final analysis - just not being convinced that the companies' functions would come together in such a way as to enhance value, or some combination of reasons...it's clear that there is a good deal of analysis and consideration of strategy, occurring.
Also, if they are taking a pass on combining up with other entities with different functions in AM, this probably underscores that mgmt sees software sales, beyond the sort of testing contract sales, as approaching. That's not to say that they see those sales coming tomorrow, next month, or within any certain timeframe. But if they thought that software sales, (beyond sales for testing purposes which we already have a fair amount of), were way off in the future, they probably would be looking to try some other approach, and focusing less exclusively on software sales, which seems to be the real drive, here and now.
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