Acacia Wire: Bloomberg First Word (BFW) Date: Jul 31 2012 15:30:49
Acacia CEO Paul Ryan Blames Drop on ‘False Rumors’
By Susan Decker and Joshua Fineman
July 31 (Bloomberg) -- Ryan says no reason for today’s drop
“after the best quarter we’ve ever had’’: telephone interview
with Bloomberg News.
* Concerns over Cisco cancelling contracts “don’t make
sense” since agreement with 4 subsidiaries was already
announced
* “No one has cancelled any transactions and we always get
paid immediately, so it isn’t that someone didn’t pay us for a
transaction”: Ryan
* Historically each qtr has different cos. as top source of
rev.; can’t name due to confidentiality agreements
* ACTG has no connection to LogMeIn
* ACTG earlier down as much as 20%, most since Nov. 2007;
JPMorgan earlier said 72% of rev. in 2Q may have come from
CSCO; Link: {NSN M81ANI6S9733 <go>}