Friday, March 23, 2007

Gigaom: Aruba for $750M?

"Aruba Networks, Sunnyvale, Calif.-based company that makes and sells enterprise WiFi equipment is looking to sell 8 million shares and raise between $64 to $80 million. At the high end of the offering price, the company could be valued over $750 million.

Ambitious for a company that had $51 million in revenues for six months ending January 31, 2007 and with a net loss of $11.7 million. As of January 31, 2007 - the company had accumulated deficit of $88.5 million and has always been in the red. Aruba’s competitors: Cisco Systems and Motorola (Symbol Technologies,) not to mention a potpourri of other start-ups."

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