Van Oppen is talking about paying in the range of $110 million, a wee percentage over market cap on the day the offer was made. Perhaps Overland is right to hold out. Granted, the company lost a key OEM in Hewlett-Packard Co. (NYSE: HPQ) this year, but it's also gained a special, secret pal with plans for a tape virtualization product. (See Overland, OEM Ink Deal .) Not to mention that its stock went up 1.64 percent to $8.06 today.
Pete's unconvinced, though:
Our all-cash offer for 100% of the outstanding stock of Overland would provide
your shareholders with certain value, on a timely basis, without the substantial
execution risk inherent in the new strategy management announced in August.
Today, those shareholders have little real liquidity, given the low trading
volume in your stock. [Emphasis added.]
Talk about sass. We can't wait to see the fur fly at that meeting next month. By then, maybe ADIC's offer will be more in line with Overland's expectations -- or vice versa.
Mary Jander, Site Editor, Byte and Switch
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
