‘Investors don’t understand’
By KRYSTLE CHOW
Published in the Ottawa Business Journal newspaper and website.
Oct. 8, 2007
Click here to view this article on OttawaBusinessJournal.com.
Insiders, analysts say MOSAID’s stock undervalued because of market’s confusion
Have MOSAID Technologies Inc. and its new management broken their promise to deliver better results for shareholders, despite a painful restructuring process that included the ousting of several top executives and the layoffs of almost three-quarters of its staff?
It’s been more than a year since the epic public proxy battle between MOSAID and U.S.-based investment firm Loeb Partners Corp., a fight for control which has resulted in a narrowed focus on MOSAID’s biggest money-maker – its patent licensing business – and the divestiture of its two other divisions.
Loeb Partners, which had sharply criticized MOSAID’s management and argued that the company could do much better, brought in three new directors, a new CEO, board chairman and chief financial officer (see sidebar). (more…)
