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NEI vs. ETF Alternatives
Tuesday, Jun 192012, 9:41 AMStruggling server appliance vendor Network Engines (NEI) is being acquired by privately-owned Unicom Systems for $63.2M, or $1.45/share, in cash. The deal's price represents an 85% premium to NEI's Monday close. NEI shares were crushed earlier this year after the company announced top customer EMC will be transitioning away from its products. Shares are halted. (PR) |Tuesday, Jun 192012, 9:41 AM| Comment!
Thursday, Apr 262012, 11:12 AM
Friday, Apr 132012, 12:25 PMNetwork Engines (NEI -25.9%) shares slide after the provider of server-based application platforms' says its largest customer, EMC, plans a transition away from products representing ~$21M in quarterly revenue in a switch expected to begin as early as the end of this year. |Friday, Apr 132012, 12:25 PM| Comment!
Thursday, Jan 262012, 7:10 AM