We added Webex Communications (WEBX, Quote, News) to the now-discontinued GI portfolio on 05/12/2005 at $22.87. Some background to the actual purchase can be found here. Today, Webex was bought out by Cisco Systems (CSCO) for $3.2billion. The news sent Webex’s stock soaring 22.03% to close at $56.38. With a healthy 144% gain, WEBX will [...]
↧