How much money is TB waddling away with?

But not so nice to be under him.

thats the genious of TN. He is responsible for this transaction despite being fired from MP

So if the deal fell through it was because TN was not there to lead, but if it went through then it is also because of TN's leadership. I guess it must be nice to be TN.

Get real. This deal could never have been conceived or executed without TN.

Get real.

So, 315M accomplished without the genious of TN. I guess he wasn't all that essential to the ROI of the investors.

Hmmmm.... Affy couldn't buy at 330 and renegotiates at 315. Did they find out that nobody wants eBioscience and asked for a discount?

SANTA CLARA, Calif.--(BUSINESS WIRE)--May. 3, 2012-- Affymetrix, Inc., (NASDAQ:AFFX) and eBioscience, Inc., a privately-held San Diego, CA-based company with an industry-leading position in flow cytometry and immunoassay reagents for immunology and oncology research and diagnostics, today announced they have amended their existing definitive agreement dated November 29, 2011 under which Affymetrix will acquire eBioscience. Under the terms of the amended agreement, Affymetrix will acquire eBioscience for $315 million in cash subject to usual adjustments. The transaction remains subject to customary closing conditions and is now expected to close late in the quarter ending June 30, 2012.

Sounds like it's making progress...

Too funny! Affy is the joke of the life science community. Hopeless leadership in all of the "new" business units is only one of the problems with the company. The eBio deal will never close. The only thing closing at Affy will be the front door when the company collapses.

He just needs a CFO who hasn't turned into an angry spoiler and a competent leader for genetic analysis. He's taken care of the other really bad issues already. Just a couple more moves needed.

Sniff sniff. sniff sniff.
Would have could have should have.
Witney's a dumb-ass

I can't fault Witney for thinking outside the box. He was saving more jobs than just his own. He was sabotaged from the inside - set up to fail.

Say what you will about his funding problems, Witney was actually going to save this rudderless ship called Ebioscience.
Without this deal, Ebioscience is done. Finished. Every Chinese reagent house on Mainland and Taiwan is quickly overtaking this bloated behemoth of white-faced yes-men, asskissers and backstabbers.

The deal is obviously not closing, ever. There will be no press release stating the deal is over. I suspect Witney will make some comment on the quarterly earnings call stating the acquisition is "unlikely at this time."

The wheels are in motion. The powers-that-be say this is going to happen.

Are you saying Witney is even more incompetent than Lucier?
Is that what you're saying?

If I had $300 million to invest, I would use the money for a corrupt Chinese company, not a lazy, over-staffed, corrupt American company.

Chinese corruption works a lot better.

It was a simple mistake really. Affy thought eBio was trading in California energy futures.... eBio... Enron,... what's the friggin difference. Come to think of it, Tony Ward does look similar to Ken Lay. I've made that mistake often myself.

The banks saw through this little mistake....

Whether it closes or not, expect significant lay-offs at both sites.....
After Witney, the other deadwood will be chopped

All the new BMW's are on hold...

Witney desparately needs to clean house. Get rid of dumb@sses who cant count $ and inventory.

Rumor has it that Witney's failure to close this deal will cost him his job. The Board has already begun a "highly confidential" search for a new CEO.

They're blowing their wad on this one, which is why the deal has yet to close and probably never will.

I thought Affy was swirling the bowl. Where'd they get the dough to finance this?

The deal won't close

Sounds like Affy can't get the funds. What investment house would loan Affy any cash?