Vasco financial and IP situation
few small notices:
- Vasco has no debt
- low P/E
- high ROE 48% (return on equity)
- small float
All this will make it attractive for possible buyers. Then I would expect relatively nice premium for shareholders althought there have been discussions that current price is already high enough.
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There is one concern:
This is a citation from Vasco 2003 annual report:
INTELLECTUAL PROPERTY AND PROPRIETARY RIGHTS AND LICENSES
We rely on a combination of patent, copyright, trademark and trade secret laws, as well as employee and third-party non-disclosure agreements to protect our proprietary rights. In particular, we hold several patents in the United States and a corresponding patent in certain European countries, which cover certain aspects of our technology. The majority of our patents cover our Digipass family of security tokens. The U.S. patents expire between 2003 and 2010 and the European patent expires in 2008. We believe these patents to be valuable property rights and we rely on the strength of our patents and on trade secret law to protect our intellectual property rights. To the extent that we believe our patents are being infringed upon, we intend to assert vigorously our patent protection rights, including but not limited to, pursuing all available legal remedies.
- Vasco has no debt
- low P/E
- high ROE 48% (return on equity)
- small float
All this will make it attractive for possible buyers. Then I would expect relatively nice premium for shareholders althought there have been discussions that current price is already high enough.
-------------
There is one concern:
This is a citation from Vasco 2003 annual report:
INTELLECTUAL PROPERTY AND PROPRIETARY RIGHTS AND LICENSES
We rely on a combination of patent, copyright, trademark and trade secret laws, as well as employee and third-party non-disclosure agreements to protect our proprietary rights. In particular, we hold several patents in the United States and a corresponding patent in certain European countries, which cover certain aspects of our technology. The majority of our patents cover our Digipass family of security tokens. The U.S. patents expire between 2003 and 2010 and the European patent expires in 2008. We believe these patents to be valuable property rights and we rely on the strength of our patents and on trade secret law to protect our intellectual property rights. To the extent that we believe our patents are being infringed upon, we intend to assert vigorously our patent protection rights, including but not limited to, pursuing all available legal remedies.
posted by Parasiil @ 1:38 PM
1 Comments:
At December 17, 2009 at 12:40 PM,
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