https://www.newsobserver.com/news/business/article279298524.html
10 replies (most recent on top)
It's quite believable that becoming IPO-ready, at a company the size of SAS, takes longer than expected. I'd find it more surprising if they had met the three-year deadline.
Also, a delay does not preclude a private sale. An IPO might bring a better price, but if anyone offers enough money, that'll stop the IPO.
Finally, the IPO market is not strong now, and some predict a recession in 2024. So it may not even hurt SAS to delay a year.
This announcement does not significantly change the situation.
@nzk+1oBONdER Yes, Jesus Christ is the Lord, is what we know you intended to say.
@csd+1oBONdER This web site is where I look for information.
The gang who couldn't shoot straight.
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Exactly what I've been saying. Keep kicking that can until Dr G kicks the bucket.
May as well be 3025
Upside: there is a lot of corporate uneasiness under the current president's administration. A new administration could be more business friendly. So kicking the IPO to 2025 could help in that regard.
Downside: the longer it takes for a sale/IPO to happen, the less chance it will happen. Why? First, software has an implied "sell by" date. Similar to eggs. When fresh, it is great. Past fresh, it tends to stink. Remember Lotus 1-2-3? Lotus 1-2-3 is a good example of fresh gone to smelly. Lotus 1-2-3 was once great, now no more. Hardly even a memory.
SAS was once great. What is it now? Not so great, just look at the last 10 years. Ten years ago Viya was touted as THE sizzle. Where haS it gone in ten years? It never was a hot seller and has gone cold. Soon to spoil like Lotus 1-2-3?If the market determined Viya as great, there would be no need to keep breathing future life into SAS 9.X. Most everyone who knows SAS, knows that. But there is a good reason for SAS(the company) to
keep breathing future life into SAS 9.X. That reason is called renewals. Renewals are the life blood of SAS. But that blood is old and slowly dying blood because the subscription ship has sailed. Renewals will at best - only be a slowly declining asset.
Why? Simply because any company off-ing SAS will find that as difficult as person off-ing metastisized cancer. Unless there is a miracle, off-ing either is a long hard rocky row to hoe. OFF-ing software is easier than off-ing cancer. Less than 30 years ago it was easy to find Lotus 1-2-3, not so today.
Broadcom had a good sniff at SAS. Perhaps Broadcom determined SAS smelled like it was past the "sell by" date? Thus, it could be possible that there won't ever be a sale/IPO. SAS announcing that the IPO has been punted to 2025, gives SAS more time to figure a plan for no sale/IPO.
Recall....the big guy MANY years ago said something like: "when I am done with SAS, they will be throwing dirt over me". Anyone want to bet against that?
Another $50 million - $60 million just to get the books in order? Jesus christ.
https://ca.style.yahoo.com/style/sas-now-looks-public-2025-100000377.html?guccounter=1&guce_referrer=aHR0cHM6Ly9tZXNzYWdlcy5nb29nbGUuY29tLw&guce_referrer_sig=AQAAAGQTZXc3vsj7YWCURmOMOxceh0Wi2F54Sofdt6wnc3scdSqyRIBZ5EC-HBQ_ELlLXnYAC9nXwrcfw9qQzls0klbmav7gNMtENSs0dnAl1hek0EAAeO1HZKWL0qsvEeeRAqX20bvn48EVLkgKl2K8uvuOo6lGmH4GekJF0-Bl6DZ1
It is always nice to read company news here and on the N&O instead of being told by leadership!