Latest AcquisitionCASA had a substantial sales base but it has been declining. Estimated sales this year were $210M. Too much debt was the main issue, and earnings and cash flow were highly volatile. It has close to 500 customers and serves the telecommunications industry generally (voice, video, data). Terms were not released but we would expect them to be very favourable to LMN, considering the desperation of the seller in Chapter 11. To us it seems like a typical ideal situation for LMN: low price, lots of customers, still decent cash flow and cross sell opportunities. (5iResearch)