Vecima Networks Inc., which offers products for hybrid fiber/coax and wireless broadband applications, has hired Stifel Nicolaus & Co. as its financial advisor as it explores strategic alternatives that will boost its value to the company shareholders.
The company says that, despite what it asserts is a strong balance sheet, its current share price is lower than it should be. Potential moves that will be explored include partnerships, alternative strategic business models, a sale of assets, or other transactions.
"During this process, we will remain focused on managing our growth in revenue and profitability which is driven by our investment in research and development and introduction of new products," stated Dr. Surinder Kumar, chairman and CEO.
The company declined to predict how long this review will take. It also said it will not comment on the effort’s progress until it either ends or there is an action to announce.
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