Common Touch Software (CTCH) recently announced the appointment of Rebecca Steinberg Herson as the VP for Marketing. The Common Touch announcement was, as is the case for most appointments of this nature, highly positive. Ms. Herson has 14 years of marketing experience with a history of increasing responsibilities. Previously, she held positions at Redmatch (software start-up), Wale Communications and Orckit Communications (OTCPK:ORCT).
Here I note that there is a very interesting point that was made in the description of her past work experience. Specifically, the article stated:
... she led marketing initiatives at Whale Communications (acquired last year by Microsoft)...
It is the "acquired by Microsoft" (NASDAQ:MSFT) that is the red flag.
Combining the current stock price of $1.84 with the hiring of an executive (previously involved in a leadership position in a company recently bought by Microsoft) seems to be a case of the proverbial handwriting on the wall. Why not? Common Touch has a good product, it is a growing company, its product perfectly melds with Microsoft's product line; so again, why not? And, if not Microsoft, why not another larger software company with an interest in growing their company by means of a M&A?
While I have no specific knowledge of anything actually going on, it just seems too logical not to be on someone's mind.
As with most possibilities, only time will tell. However, I'm betting on sooner rather than later.
CTCH 1-yr chart