E Ink Update: Trying to raise the value of saving civilization

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A few weeks ago, I suggested that the sale of E Ink to the Taiwanese company Prime View International (PVI) for $200 million — the reported figure then — didn’t seem like a very good ROI on the $150 million the company had raised over the past 12 years — especially for a company that the CEO was claiming is “saving civilization.”

I just noticed that Xconomy Boston is reporting that some of the 100 separate shareholders of the privately-held company are in agreement with my assessment (however, I feel certain it has nothing to do with my previous post) that the ROI on their investment is rather puny — especially since the company’s technology is one of the key components of the Amazon Kindle (and they are saving civilization).

Quote:

“Shareholder discontent about the proposed sale surfaced Saturday in an article by Boston Globe reporter Robert Weisman. That article focused on concerns about the $215 million bid offered by PVI, which some shareholders reportedly believe is too low, given new estimates that the MIT spinoff’s revenue from e-paper sales, which are soaring thanks to the popularity of Amazon’s Kindle e-book devices, could top $110 million this year.”

Developing.