I gave credit to LEH for throwing muds at MRVL biz to bait mgmt into saying something i/o acting like an Ostrich burying its head in the sand.
Mgmt can either pre-announce a postive earning suprise or continue to stay mum.
Had there been no MBO/LBO in discussion, mgmt would have come out swinging.
A pre-announcement would boost the stock.
An MBO/LBO would boost the stock even more.
BTW, I confirm that the layoff has happened at several BUs.
Mgmt will have to talk about it at ER.
Mgmt's reaction in the next few weeks will shed more light on MBO/LBO.
So far Mum is still the word. Even a layoff can't produce a single PR. This lent credence to MBO/LBO, loud and clear.
Just imagine when someone come to your house, waiting at the gate, and shout insults at your family for the whole neighborhood to hear. How would you react ?
LEH's way-off-the-mark downgrade was tactically brilliant. It was so off that it became a caricature. But we know LEH's ulterior motive, don't we ? That's why they are paid big bucks.
We all should appreciate LEH's move today.
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