Gores Taking Out the Trash Again in Siemens Bailout?
As Cerebus taps out on the Siemens deal the Gores Group may be taking their place according to NoJitter and various european media outlets. The Gores group is probably best known for bailing out Enterasys right after they hit rock bottom. Outside of their niche IDS product Dragon has anyone even heard of them in the last 10 years?
A better question, what’s Gores’ infatuation with failing companies? Siemens has been on the sale block for nearly a year and no one’s biting. Wonder why? I don’t. A stagnant division in a crowded market with significant barriers to entry. Gores what are you thinking?
[...] BroadDev has blogged about this since May when it was being kicked around that Siemens was selling it’s enterprise business. BroadDev’s Alex Lewis comments on his blog post earlier by saying ..” Siemens has been on the sale block for nearly a year and no one’s biting. Wonder why? I don’t. A stagnant division in a crowded market with significant barriers to entry.” [...]
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