Thursday, June 01, 2006
It seems that some Hummingbird investors are up in arms about the $456 million being paid by a California firm to take Hummingbird private. One gentleman has even encouraging voting against it. The hope is that a strategic buyer, like a FileNet or Oracle will be found. I guess, based on $1.5 billion that Documentum got from ECM, Hummingbird shareholders might have a right to be disappointed.