Re: report demolishes Lynch's defence ... not sure.
Thank you, I hadn't picked up that it was as high as 20% of revenue being from (low margin) hardware resales. That certainly changes the multiplier/model.
However, if both sides (and their advisors and auditors) know the tricks it's still a fair game. It doesn't absolve the seller, but it makes it even more important that the buyer does their own research.
Biting the hand that feeds IT
