Radvision (RVSN) will sell its technology business unit to Spirent Communications (SPMYY) for $25M. The acquisition is expected to close within the next two months, and enhance earnings in the first full year.
Radvision (RVSN) is to be acquired by Avaya Holdings for $11.85 in cash, or $230M. The price represents a 57% premium to the average closing price of the last 90 days (stock closed +12% yesterday to $11.20). (PR)
RADVision (RVSN) +6.5% premarket on a report from Israel's Globes that Avaya is set to buy the video and voice communications gear maker for $200M-$250M. The two companies reportedly were in advanced talks in December, and the deal is expected to be closed within days or as early as today.
Radvision (RVSN) reports better-than-expected preliminary Q4 results, with sales of $21.5M-$22M vs. consensus of $17.35M, and a loss of $0.18-$0.21 per share vs. consensus of a $0.31/share loss. Shares halted, to resume trading at 8:30 ET. (PR)
RADVision (RVSN +16%) shares spike following a report the Israeli videoconferencing company is in "advanced talks" to be acquired. RADV has been struggling and reportedly looking for a buyer since Cisco acquired rival Tandberg for $3.3B in 2009; the company was in talks to be acquired by H-P last year but talks broke down over price.
RADVision (RVSN) warns Q2 revenue will come in at $18M-18.5M vs. expected $21.8M, and sees EPS of -$0.27 to -$0.30 vs. expected -$0.12, citing weak sales in its Video Business Unit. Sales to Cisco (CSCO) seen at $1.5M, down from $9.5M in Q2 2010. (PR)
Video and voice communications gear maker Radvision (RVSN +8.1%) exceeds its 52-week high of $9.70/share. During the past year, Radvision's share price has been on a rebound after Cisco (CSCO +1.4%), a major customer, bought out its competitor Tandberg, and investors gave it up for dead.
Shares of videoconference developer Radvision (RVSN -35%) nosedive after Cisco Systems (CSCO) - which RVSN bills for close to 40% of its revenue - agrees to buy its direct competitor Tandberg for almost $3B. "We believe that the company's Cisco-based revenue stream is at risk," Cantor Fitzgerald says, downgrading shares to Sell.
RADVISION Ltd. was incorporated under the laws of the State of Israel in January1992, commenced operations in October 1992 and commenced sales of our products in the fourth quarter of 1994. Before that time, our operations consisted primarily of research and development and recruiting personnel....More