You didn’t see it coming because you’re always one of the last to know, Rafat. 

Get off your high-horse.

We actually made a bid higher than this sale but the stupid-ass bankers (yet again) always seem to f**k things up.  F**k ‘em.

I think the above it is an unfair comment for Rafat and the Moconews team. They usually get things as soon as they are public (and sometimes sooner) but it is obviously hard for them to know what happens behind the scenes all the time in all companies.

That said, the case of the ‘low’ valuation of Groove is very simple. Just as the Motricity case, you have to look at the MARGINS. Yes, they may have ‘generated’ $7.5M in revenue but, how much do they actually keep? From there you have to assume that such percentage (if any) is flat (growth tied to volume) and the model is likely to move to a fixed monthly fee (no growth). As I have said before, if there is something you can always count on the carriers for is on their squeezing other people’s margins and never looking back.

If people don’t know this by now, they know nothing about mobile.

MR

Seems the VC’s just wanted “Out” of the investment or Groove could not raise any more money and were forced to sell. Groove raised 32 million and sold for 14.5 million. Very good buy for NMS.

couldn’t agree more with “someone else”...so, who’s next? Omnifone? Didiom?