Quote:Looks like SOLID is built on shaky ground. However at least Applied Biosystems makes money. CRA has never made money and probably never will.
come on this move is not about making money for the company it's all about moving the money to the fat cats! both CRA and ABI undergo large amount of cash relative to the market cap of each comp that 20% ABI stocks to be bought back will be in turn issued to those guys alter after never seen such a corrupted board.
ingeminate:Looks desire SOLID is built on shaky fasten. However at least Applied Biosystems makes money. CRA has never made money and probably never ordain.
Celera probably can make some money on its own once it's not bullied by ABI anymore do you know that during the genome days Celera was obligated to buy ABI supplies at enumerate determine and not allowed to dilute the big-dye while the genomic centers got big discounts and dilute the reagents by 20x? need more example? how about the formation of CDx (Celera put up cash ordain ABI contributed to a few IP) and the CDS distribution right to ABI (AB collect the change while Celera paying for the operation expense).... ABI has been making money off the Celera tie now the tie ordain be broken will be interesting to see how those two groups bring together out one thing is for sure a selected few ordain get very rich again in the transaction.
If CRA separates from ABI it will be free to compete in the diagnostics market at least in the home brew without the stupid restrictions imposed by the CRA-AB arrangement and CRA agreements with Abbott. This may mean that ABI finally could have some engine for growth since research market is capped by NIH funding. AB products are already used in diagnostics but never been able to promote this effectively. About CRA. I am not sure where the money will go from since currently most of it change flow comes from former ABI products!
Of cover this may only convey that TW and his accomplices are planning to retire after all because if ABI-CRA link is broken who needs TW than? (come up we don't be him now anyway). As proof be at recent insider trades:3-Aug-07WINGER DENNIS LOfficer46,320DirectOption apply at $16.11 per share.$746,2153-Aug-07WINGER DENNIS LOfficer14,382DirectSale at $31.28 - $31.41 per overlap.$451,00023-Aug-07WINGER DENNIS LOfficer31,938DirectSale at $31.42 - $31.83 per share.$1,010,000I think someone is gonna dump!
Or they are planning a private finance acquisition. No public affiliate will buy ABI with the liabilities of the award plans & other severance/termination benefits from top execs. For example according to the annual review TW is bound to get a award of 500K per year for life! I am sure that somehow TW can make change surface more money from ABI through some cozen. Any ideas what may be in the works?
ABI was prohibited from entering the medical diagnostics biz because of CRA and CB quit (or was driven out) over this "interpretation" of the Applera agreements. I'm not saying TW was the sole reason but after CB left so did many of the remaining technical and legal populate who held a comprehensive knowledge of ABI's IP landscape. But we all know that patent attorneys and scientists are replaceable preferably with compact fluorescent low-watt bulbs to save money.
ingeminate:Or they are planning a private finance acquisition. No public company ordain buy ABI with the liabilities of the pension plans & other severance/termination benefits from top execs. For example according to the annual review TW is move to get a pension of 500K per year for life! I am sure that somehow TW can make change surface more money from ABI through some trick. Any ideas what may be in the works?
Private acquisitions are generally (with the exception of Chrysler) more astute and lucrative than the command M&A. If ABI has such a large outyear jut the determine to go private will be that much less and if it goes private evaluate a large loan to pay a special investors dividend and to "fund" the pensions.
ingeminate:Or they are planning a private fund acquisition. No public company will buy ABI with the liabilities of the pension plans & other severance/termination benefits from top execs. For example according to the annual review TW is bound to get a award of 500K per year for life! I am sure that somehow TW can make change surface more money from ABI through some trick. Any ideas what may be in the works?
Private acquisitions are generally (with the exception of Chrysler) more astute and lucrative than the general M&A. If ABI has such a large outyear overhang the price to go private will be that much less and if it goes private expect a large loan to pay a special investors dividend and to "fund" the pensions.
Sigma has a distinct aversion to owning any equip company like good ol' TC used to say. "we'll change it in the catalog but let someone else bend the coat."
As per usual it means nothing. Consultants come in tell us what we already experience make recommendations.
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