RADVision Hit on Cisco-Tandberg (RVSN, CSCO)
Posted in pre-marketNovember 16th, 2009
RADVision Ltd. (NASDAQ: RVSN) is under pressure on fairly thin volume because it is pre-market. As Cisco Systems (NASDAQ: CSCO) is juicing up the buyout offer to secure a Tandberg acquisition from a dissident group of minority-stake shareholders. Tandberg is a further move to video for Cisco, yet Cisco is RADVision’s largest client for video. RVSN already took a hit from $9 to $6 when the deal was first announced in late-September. Volume is still light as the stock only trades about 200,000 shares per day on average and has a market cap of $136 million. Shares are down over 7% at $6.51 as of 8:16 AM EST.
JON OGG
VS Investor RSS Feed