Wall Street has little patience for technology public offerings, and is forcing many good and fast growing companies such as Force 10 Networks to find alternative sources for their money needs. Still, that doesn’t stop tech company CEOs to dream about an IPO. Aruba Wireless Networks, which makes wireless LAN gear is planning to go public, reports Light Reading. CEO Dominic Orr says, that while they don’t have a pressing need to go IPO, Aruba could IPO “within months.” Why? Because he has margins similar to Cisco and Juniper – over 65% gross profit margins and 18% operating profit margins. Will that be enough to get past the IPO line? But we do applaud Orr for his optimism.
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