Case Scenario 2: Raptec

question 75

True/False

Case Scenario 2: Raptec
Raptec was incorporated in 1991 and went public on the Nasdaq Stock Market in 1996. Raptec's strategy is to become the global leader in innovative storage solutions. Raptec is an S&P 500 and a Nasdaq Stock Market 100 member. The company's hardware and software solutions for eBusiness and Internet applications move, manage, and protect critical data and digital content. Raptec operates in three principal business segments: Direct Attached Storage ("DAS"), Storage Networking Solutions ("SNS")and Software. These hardware and software products are found in high-performance networks, servers, workstations, and desktops from the world's leading OEMs, and are sold through distribution channels to Internet service providers, enterprises, medium and small businesses, and consumers. Since the time it went public, Raptec has experienced rapid growth and consistently profitable operations. In early 2007, the company announced its plan to spin-off the software segment, subsequently incorporated as Axio, Inc., in the form of a fully independent and separate company. Software was Raptec's most profitable and fastest growing segment. By mid-2007 Raptec had completed the initial public offering of approximately 15 percent of Axio's stock, and then distributed the remaining Axio stock to Raptec's stockholders in a tax-free distribution.
-(Refer to Case Scenario 2). Leveraged buyouts such as the Axio spinoff is a form of restructuring strategy that is only used to correct for managerial mistakes or because the firm's managers were making decisions that only served their own interests rather than those of the shareholders.

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Definitions:

Hans Eysenck

A German-born psychologist known for his work in personality theory and intelligence, including the development of the Eysenck Personality Questionnaire.

Joseph Wolpe

A psychologist known for developing systematic desensitization, a method to reduce patients' phobias and anxieties.

Group Therapy

A form of psychotherapy involving one or more therapists working with several individuals simultaneously, offering mutual support and the opportunity for participants to learn from each other's experiences.

Interpersonal Skills

The abilities that facilitate effective communication and interaction with other people.