Even though we are past the first quarter in 2017, there are still some notable stories from 2016 that need to be wrapped up. For example, 2016 was the first year that this blog was sponsor free. There was also the SciQuest lawsuit that began in 2015, as well as the continuing investigation surrounding NIGP #CodeGate, both […]
June 22, 2016
“Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of SciQuest, Inc. (“SciQuest”) (NASDAQ: SQI) concerning the sale to Accel-KKR. Under the terms of the agreement, SciQuest shareholders will only receive $17.75 in cash for each […]
June 8, 2016
“There are no discussions with Oracle, there are no discussions with IBM, there are no discussions with . . . anyone wanna pick a name . . . there are no discussions, there’s nobody.” – Stephen Wiehe, SciQuest CEO July 2015 (SciQuest Q2 Scoop Session Audio Excerpt) As you read the above words, and listen […]
May 31, 2016
If I had accused someone of saying something about me that wasn’t true, and I went through the process of suing them for libel, I would want to have my day in court. I would want to present my evidence to clearly show that what the person had said was wrong. In short, I would want […]
April 26, 2016
The beauty about telling the truth is that it cuts through distractions such as a $3.5 million lawsuit, and places the focus on where it belongs . . . the facts of a story. Back on August 7th, 2015 I wrote a post titled The Ohio Effect: Why SciQuest’s condition may be terminal. In the post, […]
October 4, 2015
Having watched and listened repeatedly to the 55 minute SciQuest Q2 Scoop video, and reviewing my corresponding 33 pages of notes, further contradictions in terms of SciQuest’s SLAPP and subsequent $3.5 million lawsuit have come to light. On page 18, point 46 of the SLAPP document, SciQuest contends that my November 28th, 2014 post titled […]
August 26, 2015
Analysts, however, didn’t share his unwavering confidence, with Stifel, Nicolaus & Co, Inc’s Tom Roderick asking what assurances Wiehe could offer that implementation issues didn’t contribute to the contract dispute. “How much comfort do you have that we won’t see this sort of situation replicated with other large bodies?” he asked. Wiehe repeatedly insisted Colorado […]
August 25, 2015
Before I delve into the remaining points of SciQuest’s contention with my August 3rd post Assessing former CFO Rudy Howard’s departure: Is SciQuest’s Wiehe looking for true leaders or puppets?, I want to let you know that we are still in the process of trying to upload the entire 26 page document. As promised, and as […]
August 14, 2015
Earlier this afternoon I received the following letter from SciQuest’s lawyers regarding my coverage of the company. I will let you read the letter first, and then share with you my response. Here was my reply: Thank you for your letter dated August 13th, 2015. I will be equally succinct; I stand by my research […]
August 3, 2015
“I have enjoyed reading your notes on Sciquest. Seems like the only way the stock can go up at this point is if they sell the company because the fundamentals of their higher education segment sound like they are getting worse! Do you have any sense for the Board of directors and whether they are […]
April 4, 2017
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