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Uncertainty clouds Telegent's future

7/15/2011 04:18 PM EDT
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junko.yoshida
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Blogger
re: Uncertainty clouds Telegent's future
junko.yoshida   7/18/2011 9:42:12 AM
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We did more digging on this story. Please read what we found out in the follow-up story posted here: http://www.eetimes.com/electronics-news/4217926/Solution-to-Telegent-s-spectacular-fall--China-dunnit

ramamoorthysow
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re: Uncertainty clouds Telegent's future
ramamoorthysow   7/17/2011 10:50:05 PM
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CEO ticked off engineers - people started to quit, morale down the toilet, add to that bad business, investors lose confidence, take their money and run.

daleste
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CEO
re: Uncertainty clouds Telegent's future
daleste   7/17/2011 4:46:52 PM
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Looks like a raw deal for the venture investors. I wonder if they will see any of that 150 million as repayment.

goafrit
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re: Uncertainty clouds Telegent's future
goafrit   7/16/2011 12:29:07 PM
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" Telegent pulled a planned initial public offering of shares in May 2010 and subsequently appointed Ford Tamer as CEO replacing co-founder Samuel Sheng." That would have been disastrous for investors

goafrit
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re: Uncertainty clouds Telegent's future
goafrit   7/16/2011 12:27:49 PM
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Please any explanation on how fast this happened. Why could they not change strategy than just closing.

eewiz
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CEO
re: Uncertainty clouds Telegent's future
eewiz   7/15/2011 6:00:05 PM
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@pixies Probably that was their total revenue. Profits might not have been good. BTW do universities like Stanford,UC Berkely are in Venture capital business? I have heard Harvard lends its cash reserves for VCs like Kleiner Perkins, but no direct venture investments. Or is it just the licensing of IP for equity?

krisi
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CEO
re: Uncertainty clouds Telegent's future
krisi   7/15/2011 5:54:46 PM
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This market changes very quickly...

pixies
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re: Uncertainty clouds Telegent's future
pixies   7/15/2011 5:45:10 PM
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"the company had ended its most recent fiscal year with $150 million in cash and in a strong revenue position". Then why did the company close?

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