Are the curreent BOD lost their brain ?Where does the current BOD's $2 evaluation on win come from?
-Cisco paid $240 m to buy Radiata (an infringer of win's IP, even it had no product developed) in 2000(?).
-Qulicom bought a flsh-OFDM (possibally infringing win's IP) recently for about $600 m.
- The huge market now for wi-fi(802.11a/g), 3G, wimax (802.16d/e, wibro,etc)that are all based on wi-lan'IP (mobile wimax alone will generates $65 billions before 2011 as a research firm predicted recently).
How can they want to sell wi-lan for only a $2 worth stock company? Their poor evaluation on win is reflected on the fact that the only hold a small amount of win' shares.
My conclusion is that they are completely incompetent and blind. It is their incompetence and blindness sent the stock price drastically down reaching $0.50. Before sisso and Hatim were replaced by the current BOD, the stock price was at $3.50 or higher level. Right after they were replaced, the price had a free fall and once reached $0.50 level.
Because of thir incompetence and blindness, their poor attitude and prospect on win's IP value have well radiate out and well accepted by the market insiders as I believed. Look at all some of the bashers here, they use all most same tunes, same alltitute, same langudge as the current BOD on win's value and their inventors, and their capability to defend win's IP.
Mostly suprised thing to me me is that they (some bashers here) could so accurately predicted that win would keep down, down and down till what they said at $0.50 level (That's exactly what happened in the market for past year or so, 52 weeks low at $0.55). It is not just one time show. They had many many times shows for past one year, and each time they were right. Buffett used to say: no one can predict the market. But how these guy can do so well?
All our losses as long-term investors could go to their pockets via shorting. Is it simplely a coincidence? Would the current BOD be responsible for that? Remember they said win's a $2 value stock when all investors know nothing about this. They just desperately watched their investment keeping down down down. They wondered : what's happen in win? Now we know it was the current BOD's fault due to their incompetence and blindness. I make me wonder: What they really work for? Their own interests or other groups?
Vote for the alternate/the concerned shareholder slate. Save our wi-lan.
good luck