Shares in fault-tolerant Unix systems builder Sequoia Systems Inc are utterly bombed out at $3.50 – down from a high of $17.25 in January although there were as low as $2.75 – on its difficulty in getting its books straight, which makes one wonder how much longer its OEM customer, technology partner and minority shareholder Hewlett-Packard Co is going to wait before buying the company and putting it out of its misery – or is it going to stand aside and let Sequoia’s other major partner, Samsung Electronics Co, Seoul, South Korea nip in and snap it up under its nose?
