View Single Post
Old 04-03-2011, 11:25 PM   #1
Filark
Edge User
 
If history is any predictor . . .

I just did a little research on Asghar Mostafi (Entourage CEO) and discovered that the 3 other corporations he started (that I know of) were "acquired" by other companies, one after a successful IPO launch. These are: 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, (I don't know the timing).

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).

(This is a duplicate of a post I made in the Ermine thread. Just thought it should be here. )