Fail / Fail: The IQinVision - Vicon Merger

Author: John Honovich, Published on Mar 31, 2014

One was a leader 20 years ago. The other a decade. Both have fallen far in recent years.

The solution? Merge.

****** ****** ******** ***** *** ***** ** ***************************** ** *****.

** **** ****, ** ***** **** ***** **********, ********* *** future *** *** ******** *********.

Financial *****

***** *** ****** ** ****************************** **** *** **% ** *** ******** *******, **** * sad ****** ********* ** ~$** ******* ***(*.*., ****'* **.*% **** **** ********'* $*.* *******).

*** ********* ****** ******** **** ******* ** $** ******* ***. Given *****'***** ********** $**.* *******, **** **** **********'* ** $**.* *******.

***** ***** ** ***** ***** ** ******** ** ****** * / * ($** ******* ****** *** / $** ******* *******). A ******** ******* ** **** ******** *** * ***** ** 1 ** * ***** ****** ********* *** ***** *:* ** even *:*. **** ***** *** ****** *** ****** ***** ** their ******* ** **** *** ******** *******.

*************, **** ******* *** ******* ** ***** ****** ** **** than $** *******, **** *********** *** *******'* ********** ******* *** valuation.

Merger *****

**** ****** *** ******** ********* *** ****** *****.

*************/ ******

***** *** ********* **** *********** ****** *** *****. *** ********, in ****, *** ******* *** ** ********* **** ** $* million.

************* *** *** ********** ** **** **** ******* *** **** over *** **** *** *****, ******** **** *** ******** ******** to ****** *.***, ******* ******* ********** *******, ** ***** **** ***** *********.

**** ********* ******* ** **** *******. *** ********,******** ** *** ** **** **** $** ******* ****** *******, had ***** ** ****** $** ********* ****.

******

*** ****** *** **** **** *** ***** *** *****. ***************** ***** ******* ** ** **** ** *** **** ** **** **** Vicon **** *** **** *******.

*** ******** ** ***************** ****** ****** *********** *** ********** **** *** ******* *****. *** *******, ******'* ************ ******** *****,**************** * ******** ***** ******* **% ************* *** ** *** ****** ** *%. ***** ** ***** hear ****** *** **********, **** ******** ***** ****** ************.

** *** ***** ****, *** ** ****** ******** *** ****** a *** **** *********** ***** **********'* ***** * ** * years ***, *** **** **** **** * *** ** ***** key ****** ** ****.

*************, ** ** * ************* ****** ** * **** ****** beginning. ********, **** ** * **** ****** ** *******.

******

***** ** ** **** ** ******* *** ******** ******* **** regain ***** ****** ***** ** ******** *****, ***** ** ******, primarily ******* *** *******'* ********* ** ******** ***.

** *** ******* ***** ****** ********* ******, ******* ** *** point ***** ** ********* * ****** ****** **** ******** ***** to ***** ******* ******** $** *******, ***** ****** ********* ***** double ** ******.

Comments (16)

**, ***, * ******** *****.

**, ********** ******* *** * *** ***. ** ** *** **** a *********, *****'* ****...

*** ********* *** ***** ***** ** $**.* ******* ********* ** its ***** ***** *****. * ***'* ********** *** *** ********* for *** *** ********* ******** *** **** ***** ** *******.

******, **** ********.

** ** *** **** ** **** *******, ***** *** *.* million ****** ***********, ******* ** $*.** *** * ****** ************** of $**.* ******* ***.

** ** *** ********* ** **** ****, ***** *** ~$* million *** **** ** *** ****. **** *** ***** ** issue * *** **** ******** ** ** ***** ** ******** shareholders (*.* ******* ******). **** **** ** * **** ******* of $*.* *******.

********************** **** *** *.* ******* *** ***** ******, ********** ***** Vicon ****** ** * *******. ***** ** ** ***** **** changing *****.

*** **** *** **** ****** *** *** **** *** (*** known ** ******** *** **** ****). *******, *** ***** ***** was ********* ***** *** *** **** ** *** **** ***** for *** **** *****.

**** ***** ****** *** ****** (********), ** **** ****** ******* Vicon ************. *** ********* **** ****** **** ******* **** ***** extra ****** *** ******.

*** ********* **** ****** **** ******* **** ***** ***** ****** are ******.

** *** ****** **** **** ** ****** ** * '**** deal', *** ******* ********* ******* *** ******* '****** **' *** announced ****** ********; ******** *** ****** ******** ** ****** **** have ** ****** ** **** ****, *****?

****'* ** ***************** * ***** ** *****.

****** ***, **** **** ********, *** *** ******** *** ***** $30 *******, ***** ** ***** ********...

*** *** ******* ***** **** ********** *********.

**** ******** ** *****? *** *** *** *** ** ***** they *** *****?

** ** ******* **** **** *** ******** *** **. ******* their ******** *****'* **** ** ***** ******** ** ???

** ********, ****, ** *** **** ** *** ******* ** the **** *** **** ********* ** **** ***. *****, **, Interlogix, ********* ******, ***.

*****'* **** *** **** **** ****** ********* ******* ** ** an *********** ******** ****** ******* ** **'* **** ** *** the ******** *******.

**'* *** *** **** *** *****. ***** *'** ** **** to ******* **** ** ****** ********* ********** ***** *'** **** forced ** **** ** ** *** *****.

** ** ****** *******, ** ***** *** ***** ********* * CEO **** * ****** ****** ***** ***** ****** * ******** once *** ********* **** **** **********. ***** *** ***** - it's * ******* ***********.

**** ** ***** **** * *****, *** ** ***** ***** days **** ***** *** ***** ********* ***'* ******* ***** ***** about ******* *** ****** **********. * **** ********* ** ***** intention ***** ** ** **** *** *** ** **** *** buying ** ******* ****** **********.

* ***** ****, **** **** *** ***** *** ***** ***** those ** *** ******* *** ************. ******* **** **** ** job *** **** *** *** ******* ********* *** *** ***. His ***** ************** ***** ********* ******** ************ *** ********** *** himself ****** ** ** ******** *** **** **** *********** *****; to ****** **** ****** ** *** ******* *** ********* ** succeed *** ** ******* **'* *** *** ** ****** ******** to ***** ******* - ****** *******, ************ ********* *** **** a ****** ******. ******* ******* ** ******* ******* ** **** as ********* ******* ***** ** ****** **** *** *** *******. Perhaps '*******' ****** **** '*****' ** * ****** *********** ** your ******** :)

** **** ** *********** ** *** *** **** *** ****** out, *** **** *** *** ****** **** **

*** **** *** *** **** ** ******* * **** *****?

**** ** ********. **** ***** **** *** * ****** ****** ** ** ************ * *** ** *******. ***** ***** more **** ** *** * ***** ***** ** *** **** it **** ****.

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