Ikanos Communications Inc (NASDAQ:IKAN) has acquired the assets of the Broadband Access product line from Conexant Systems, Inc. (NASDAQ: CNXT) for $54M partially funded by a sale of $42M in common stock at $1.75 per share to Tallwood Venture Capital. Upon completion of the transaction, Tallwood Venture Capital will own approximately 45% of IKAN, which [...]
Archive for the ‘Ikanos Communications Inc (NASDAQ:IKAN)’ Category
IKAN reports results; makes $54M acquisition funded by $42M stock sale at $1.75; Greenbackd exits
Posted in Ikanos Communications Inc (NASDAQ:IKAN), Net Cash Stocks, Stocks, tagged Ikanos Communications Inc (NASDAQ:IKAN), Liquidating Value, Net Cash Stock on April 27, 2009 | 2 Comments »
Ikanos Communications Inc (NASDAQ:IKAN)
Posted in Greenbackd Portfolio, Ikanos Communications Inc (NASDAQ:IKAN), Net Cash Stocks, Net Net Stocks, Stocks, tagged Ikanos Communications Inc (NASDAQ:IKAN), Liquidating Value, Net Cash Stock, Net Current Asset Value, Net Net Stock, Net Quick Value on January 27, 2009 | 2 Comments »
Ikanos Communications Inc (NASDAQ:IKAN) is a net cash stock that has retained a financial advisor to “assist it in exploring and evaluating strategic alternatives to maximize shareholder value.” IKAN closed yesterday at $1.14, giving it a market capitalization of $32.9M. Based on its September 10Q, we estimate the company’s liquidating value to be more than [...]

