www dot aditya bansod dot net Homepage of Aditya Bansod. Geek, traveller, casual blogger, and resident of Hayes Valley, San Francisco.

11Jan/050

Buying Cash at a Discount

Best business story yet of the year: Tut Systems bought CoSine Communication for $24.1 million in a stock transaction. CoSine has $22 some million in cash reserves. Bottom line? Some $24 million dollars in stock (cheap) bought them $22 million in cash (valuable). Brilliant.

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