What's going on at InfiniBand switch startup Paceline Systems Corp.? Have they found a buyer? (See Paceline Angles for Buyout.)
Hex-It Strategy
Dear Hex,
Not yet, and they may be down for the count. Yesterday I heard from my buddy in the Boston area (he's only a woodchuck, but quite clever nonetheless), who said there were only two cars in the Acton, Mass., company's parking lot. "Looks like it's just the CEO and his secretary," he says. I dropped Paceline CEO Barry Kallander an email asking him what was up; Barry wrote back a one-line response: "We continue to execute our M&A plan." Here's hoping against hope something good happens.
Dear Bob the Beaver,
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