IPO Ahead for Mitel?
I get lots of great food for thought from Brad. He posted this on Friday, and I needed to let it percolate a bit.
Mitel IPO PonderedThe link hops to a news story from Reuters on Yahoo Finance
Mitel chairman and billionaire technology entrepreneur Terry Matthews indicated yesterday that a prospective $150-million IPO of Mitel is more likely now that market sentiment appears to be taking a turn for the better.
Canada's techs told: Go global or get bought outFor those of us who at some point in our career have had the opportunity to meet or listen to "Sir Terry," we know what a consumate business pro he is. This quote from the Reuter's article really sums up his viewpoint - "I've always understood the importance of not just being a corner store," he said. "It's not in the blood. I have to go global."OTTAWA, Nov 2 (Reuters) - Canadian high-tech companies that don't chase growth outside the country are in danger of being bought out and turned into branch plants, billionaire technology entrepreneur Terry Matthews warned on Thursday.
A corporate technology pioneer who founded such Canadian high-tech firms as Mitel and Newbridge Networks, Matthews today controls a string of technology companies. He is chairman of March Networks (MN.TO: Quote, Profile, Research), Mitel, and Wesley Clover, a holding company for 16 technology firms, golf courses and resorts.
Mitel's a mighty little company. They may not have the name recognition of some of the bigger players in telecom on the outside, but on the inside world of voice and data networks, they been at the core of some pretty important pieces. I think an IPO for Mitel could be a very good thing.
Technorati Tags: Mitel, IPO
Email This!
Digg it!
Sphere it!
Del.icio.us
Reddit!
Newsvine