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JT69247
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JT69247,
User Rank: Light Beer
11/18/2017 | 7:10:32 PM
Revenues down. Stock price down. Yeah, this makes sense.
So can someone please explain to me why this "merger" makes sense? 

The expected 2017 revenues that Dolan announced in May/June for the GB side were $40M more than what they are now forecasting. That sounds like a big miss to me. But yet Sonus shareholders are only getting 50% of the shares, even though GB is a $40M smaller company than originally promised. I suspect they are going to have to increase the number of heads they will have to cut. Merry Christmas folks. 

Can someone explain to me how/why the Sonus and GB executive team stays intact? Keeping the two CEOs. The two CFOs. The two heads of sales. Heads of product. Where is the savings at the top the pyramid? For a "merger" that is supposed to bring synergies, it seems curious that all of the big boys keep their jobs. 

Lastly, how does Dolan keep his job? Based on stock performance, he should be out. Not only look at the stock price of Sonus when he came in vs the price today...just look at the price of the stock on the date of the announcement vs today. He adds GB to Sonus, and already he is $50M down on market cap. Great move. 

Objectively, the clock is ticking on Dolan. I'll wager that he is out once the Q2'18 earnings annoucement is released. 
kq4ym
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kq4ym,
User Rank: Light Sabre
11/16/2017 | 11:00:59 AM
Re: Sounds like a familiar plan
Getting past the "loss of more than $31 million, despite gross margins of 56.2%," isn't probably going to be just a matter of cutting costs, but getting that net income way better. Not an easy task I'd guess for Ribbon.
mendyk
50%
50%
mendyk,
User Rank: Light Sabre
11/10/2017 | 10:03:12 AM
Re: Goodie goodie gum drops
I see what you did there.
GypsumFantastic
50%
50%
GypsumFantastic,
User Rank: Light Beer
11/9/2017 | 12:05:26 PM
Goodie goodie gum drops
Ooh! Ooh! Ooh! the funky Ribbon?
Kevin Mitchell
100%
0%
Kevin Mitchell,
User Rank: Light Sabre
11/3/2017 | 4:33:57 PM
Nortel would have been better...
With All that 90s nostalgia they had an opportunity to bring the Nortel name back. 
mendyk
50%
50%
mendyk,
User Rank: Light Sabre
11/3/2017 | 2:34:52 PM
Sounds like a familiar plan
Let's lose less money next year. And if we lose a lot of losses, we can come out ahead. The sad part is, this is usually much easier said than done.


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