(OT) Energis (was RE: lcd glass or privalite)

[Nic Blinston <ukha@xxxxxxx>]

>They're in the bizarre situation at the moment of having some 
>contracts with higher value than their market cap.
>
>Most likely outcome is that the UK business will be bought as a 
>going concern by someone like C&W.

Well, I hope for those involved that it doesn't go the way of Acorn: 
Acorn's holding in ARM Ltd (its former subsidiary) was worth more 
than Acorn itself; to sell the ARM shares straight would have 
incurred a massive tax hit.

The CEO came up with a great wheeze - run down the company, sell it 
cheap to a merchant bank, allow them to break it up and sell off the 
bits, some creative accounting to liquidate the shares, a bunch of 
redundancies, and keep the design division for yourself. Then, sell 
that bit for a huge sum to the Americans...

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