I think Zhone was basically created through acquisition, I remember when
they bought Paradyne which had been divested by AT&T. Zhone was started by
the guy who sold Ascend to Lucent. Also Texas Pacific Group was in there
somewhere. So they should be no strangers to M&A.
Unless they are unprofitable and the new owners intend to cut their way to
profitability.
-----Original Message-----
From: Mark - Myakka Technologies
Sent: Wednesday, April 13, 2016 4:21 PM
To: Chuck Hogg
Subject: Re: [AFMUG] DASAN Networks decided to acquire Zhone Technologies
Chuck,
Not too worried yet. Had a suspicion something was up a few weeks
ago. So far nothing has really changed. we'll see how everything
shakes out in the next few months.
--
Best regards,
Mark mailto:[email protected]
Myakka Technologies, Inc.
www.MyakkaTech.com
Proud Sponsor of the Myakka City Relay For Life
http://www.RelayForLife.org/MyakkaCityFL
Please Donate at Please Donate at http://www.myakkatech.com/RFL.html
------
Wednesday, April 13, 2016, 3:41:04 PM, you wrote:
CH> Wonder what all the Zhone guys think about this...isn't that you
Mark@Myakka?
CH> Regards,
CH> Chuck
CH> On Tue, Apr 12, 2016 at 4:42 PM, Josh Reynolds <[email protected]>
wrote:
CH> News to me...
CH> On Tue, Apr 12, 2016 at 3:33 PM, Gerard Dupont III <[email protected]>
wrote:
Did anyone else see this?
---------- Forwarded message ----------
From: MinWoo Nam (???) <[email protected]>
Date: Tue, Apr 12, 2016 at 8:31 AM
Subject: [Announcement] DASAN Networks decided to acquire Zhone
Technologies
Dear Sirs,
We are pleased to announce that DASAN Networks, Inc. has decided to
acquire
a controlling interest in Zhone Technologies, Inc., a telecommunications
equipment company located in California, USA.
We decided this merger in order to develop and provide high quality
products, solutions and services to customers worldwide, by combining the
strengths from both companies.
The official letter of this announcement is as attached.
Thank you for your continuous support and trust. We wish to visit you on
the
earliest possible date to introduce our new company and combined product
portfolio.
We appreciate your cooperation.
Sincerely yours,
MinWoo Nam
CEO of DASAN Networks
