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Pivot Technology Solutions Inc. T.PTG

"Pivot Technology Solutions Inc offers IT solutions to businesses, government, education, and healthcare organizations. It operates through the following segments: ACS, ARC, ProSys, Sigma, TeraMach, Shared services. The company derives the maximum revenue from the ProSys segment which sells storage, server, and IT infrastructure consulting solutions to enterprises. Geographically, it derives majority revenue from the United States and also has a presence in other countries."


TSX:PTG - Post by User

Comment by sbucksgrandeon Oct 15, 2019 1:16pm
166 Views
Post# 30232308

RE:RE:RE:RE:RE:RE:RE:RE:Sale of Smart Edge™ to Intel

RE:RE:RE:RE:RE:RE:RE:RE:Sale of Smart Edge™ to IntelControlled Indifference seems to describe it nicely.  On one hand people (including myself) expected a higher payout from Smart Edge.  On the other hand, it was costing us quite a bit to develop so how much longer did we want to see $5-$6 million in costs on the balance sheet?  With Intel at the helm now the product will develop faster and better, Pivot can start focusing on selling the product now.  Time will tell if this was a benefical venture or not, but the cash flow is much better now with the cost reductions and that should give the company some financial flexibility going forward.  
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