From BusinessWeek.com Inside Wall Street column Symbol looks vulnerable
Symbol Technologies (SBL ) is giving off bad vibes: In six months the shares have slumped from 19 to 11. U.S. and European sales are weak for its laser-scan engines, bar-code readers, mobile computing, and radio-frequency ID (RFID) technology.
In three weeks, Symbol twice cut its second-quarter forecast. And the July 14 resignation of CFO Mark Greenquist added to worries
But David Katz of Matrix Asset Advisors has snapped up 5.2 million shares for clients. He believes Symbol may be bought out. "The depressed stock makes it vulnerable to a takeover," says Katz. "It makes enormous sense" for a big wireless and mobile computing outfit to own Symbol.
Or maybe, just maybe, David Katz sees this opportunity