Yup. It's getting close to where I could buy it with, well, uh, my 401K. It would be a whole lot of fun firing PT and KK (and especially, depriving them the opportunity to resign with some semblance of dignity, no matter how artificial), but I doubt the exhilaration would last long. Perhaps a second or two before reality set in.
Notice how the press release left out substantially every relevant item, but instead focused on misleading cuts in losses and expenses (based of course, more on residue from the Overland/Tandberg divorce than anything approaching what would be imperative to survive . . .)
Their assets are liabilities. They consist of intangibles and goodwill from product lines that weigh about 100 times more than their gross revenue can support. If I were, say, EMC, I wouldn't assume their assets unless they came with about $100-$200M in investment, and then I'd still be skeptical. I've worked for a competitor who tried to bring a (perhaps more viable) disk product line to the market with about $25M. I told the CEO it would take about $400M, and that still wouldn't guarantee success. As it turns out, the $25M would have been better spent on moonbeams. In the case of ANY, they didn't even get moonbeams. The money vanished in a black hole.
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