Thread: Development Ermine experiences
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Old 04-03-2011, 11:06 PM   #134
Filark
Edge User
 
I just did a little research on Asghar Mostafi and discovered that the 3 other corporations he started (that I know of) were "acquired" by other companies, one after a successful IPO launch. i.e. Vinci Systems acquired after 2 years by Tellabs; Advanced Switching Communications IPO in 2000, incorporated 2001, acquired by NSGDatacom 2002; ISDN Systems Corp. acquired by US Robotics (now 3Com) -- don't know the timing on the last.

Seems to me Mr. Mostafi has a history of founding startups which he then passes along before starting his next project. I believe he is still, or was still, on the board of directors of his old companies. Perhaps he had a buyer in mind all along?? Perhaps he has proven that this concept can work, and now someone else will be stepping in to run with the ball?

I am actually more optimistic now than ever (although there are bound to be changes).

Last edited by Filark; 04-03-2011 at 11:15 PM.