(fake) Anil, I count on you too, I hope to see you around, and maybe one day we'll have a few beers too.
Yesterday I was so depressed I thought of abandoning the blog and not coming again, but after some therapy with Mr. Daniels, Jack Daniels, I've realized that only the rats abandon the ship when they think it is sinking. I'm not a rat (perhaps a little mouse, but not a rat), so I'll keep on coming around here -when I take a rest from brushing up my resume and sending it to all the headhunters I know- to say what I think and to hear what you say. Thank you again folks. If (real) Scooter had the guts, what an army he could lead!
Well, talking about RATS (Real Asset managemenT traderS -no, I'm not calling them rats, I'd never insult anybody, no matter how mad I feel, I'd never call those people scum, pundits, bandits, traitors, nor any other offensive word you could imagine- ): Southeastern Asset Management (I won't call them SAM 'cause I have a friend called Sam and I appreciate him too much to compare him with those "gentleman") has sold ALL the shares they had from Sun, at prices between 9.04 and 9.09 dollars.
Well, maybe I'm not quite good at maths, but this means that if they had waited until the closure of the Oracle deal they'd earned about $80 million more... not to mention that they bought the cheapest Sun's shares at about $12 (that makes about $500 million...).
Well, I can earn a new living as financial advisor: dear customers, don't trust in O. Mason Hawkins (the man that leads that band of smugglers, I mean, investors), at least leaving the money to Mr. Madoff you had the hope to get your money back. With Southeastern you know you'll loose it.
I hope they don't have any position in Jack Daniels, as we all have seen what they meant when they said they were a long-term investor in Sun...
So, after the maths lesson, now we have to call a detective to find out what is happening here... Why have Southeaster sold all the shares so soon, loosing so many money? Aren't they afraid of the legal actions their stakeholders may take against them, as we were threatened after the (speculated) rejection of the IBM offer.
Maybe we are just told a part of the story, what they want us to swallow. Maybe it wasn't Southeaster who were selling the company to each and every company in the World and have just taken the money as soon as they had an opportunity, as they are not sure at last if the deal will be completed at last (which, to certain extend would be a relieve for me in the personal side, but would be the final lost of credibility for the company).
Maybe it was just a couple of old friends, a powerful CEO and an ex-powerful ex-CEO, spending a weekend sailing in the gorgeous yatch of the CEO, talking about the glory days, and how they could merge their companies to become the next Borg. In the meantime, they'd only had to allow the hardware maker to decline little by little, assimilating competitors of the software maker to avoid suspicions from the antitrust authorities. They'd choose a dumb or better, a dumber CEO to be the puppet in the hands of the ex-CEO, so the deciline of the hardware maker would be, apparently, irreversible, and so nobody would be opposite to the merger. The final dramatic act would be to deceive the Borg, or even the Original Borg, so it would be neccesary the appearance of a white knight (well, or a red and white one) to save the struggling hardware maker, and thus putting a happy ending to the story.
I guess after this job as a blogger they'll offer me to write the new Harry Potter book, at least.
Well, this is just a story, a speculation, and as you know, Sun donesn't comment on speculations. Now that the biggest part of the shares was sold, and we don't know who, it would be fun to see the acquisiton rejected in the shareholders meeting... This would mean that we would see our marketing team doing something we never saw them doing in the past 10 years: working.
Now that we are talking about ships, I'll add some comments about the Titanic and the pathetic music band playing while the ship is sinking, as if nothing was happening at all.By the way, as I was in therapy with mr. Daniels I lost the town-hall with Oracle at the Menlo Park Campus (yes, I know it was at 8 AM, but Mr. Daniels wakes up early for his sessions...), so if you attended I guess it will be fun if you leave your comments and impressions on what they said they are gonna do with Sun.
May the force be with you (never the schwartz).
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