Two things. last 10Q with net profits and increasing revenues and virtually no debt, and a top notch resume of the CEO. Read the 10Q and Decide for yourself why IRIS would seek a merger with STOA, and why the pps is going over 0.02 or more even before the merger.
He is a twentyfive year veteran of technology investing and entrepreneurship and began his career at First Boston as a NASDAQ trader in fledgling companies, incl. Intel, Apple Computer, Microsoft and Lotus Development. He later transitioned to technology investment banking where he arranged over $800 million in funding for companiesin semiconductors, data storageand programmable logic. Since the mid1990 Mr. Wang has worked in SiliconValley as an angel investor and has also started several companies, including a micro storage device company which was sold to Maxtor, and a Storage Area Networking company that was soldto Lucent. He holds a MS in Computer Science from MIT and a MBA from UCLA.
Read the top resume again so it will sink in, lol He started and sold companies to Maxtor and Lucent. This guy knows business.
And people think IRIS has a problem partnering with this guy. IRIS is getting a solid company with virtually no debt and increasing revenues and top notch management who understands not only their business but also their culture. This is a match made in heaven. Surprising this trades in the 00's, but that's the handiwork of the MM'S, or either they are accumulating for the run up.
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