TRUSTWAVE: Meanwhile in Singapore Ms. Chua Soc
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Posted On: 08/24/2017 11:06:51 AM
TRUSTWAVE:
Meanwhile in Singapore Ms. Chua Sock Koong, CEO Singapore Telecom (97% owner of Trustwave) nervously sips her green tea. She has received unconfirmed reports that Ropes & Gray are going after Gemalto and Vasco Data Security. She reviews the resume of the lead attorney, Dalila Argaez-Wendlandt. She sighs when reading this lawyer is an MIT grad and has expertise in algorithms. She realizes the implications of Mark Kay's statement of not initiating new lawsuits without one settlement from the initial group: Duo, Trustwave and Centrify. She reflects that as the CEO of Asia's largest telecom provider she fell into the same mess Microsoft did when they acquired Phone Factor, an ongoing SFOR lawsuit. Her Trustwave acquisition has become problematic. To allay concerns at the next BOD meeting she considers informing them that if Trustwave settles, Sing/Tel could buy out this irritating SFOR.
With $92 Billion in assets they could easily afford it. Then they could continue lawsuits to recover the acquisition cost. She knows SFOR applied for an international patent that may be awarded soon. With that in hand Sing/Tel could continue with its OOBA 2FA mobile banking service world wide. It was offered in Asia in Oct.
With their US subsidiary the lucrative US market could be hers.
To assist her BOD in decision making she knows she needs up to date court info. She makes the call. "Dragon are you awake?" "Yes Ms. Koong, on guard duty atop Sing/Tel's treasure horde." "Dragon, the treasure is in danger! You must fly back to the US and circle the courthouse ASAP!" "On my way Ms. Koong. I'll report to you when I'm overhead on-station." Take care dragon, there is a blizzard on the East Coast. Beware of your wings icing up." "Will do boss, dragon out."
Meanwhile in Singapore Ms. Chua Sock Koong, CEO Singapore Telecom (97% owner of Trustwave) nervously sips her green tea. She has received unconfirmed reports that Ropes & Gray are going after Gemalto and Vasco Data Security. She reviews the resume of the lead attorney, Dalila Argaez-Wendlandt. She sighs when reading this lawyer is an MIT grad and has expertise in algorithms. She realizes the implications of Mark Kay's statement of not initiating new lawsuits without one settlement from the initial group: Duo, Trustwave and Centrify. She reflects that as the CEO of Asia's largest telecom provider she fell into the same mess Microsoft did when they acquired Phone Factor, an ongoing SFOR lawsuit. Her Trustwave acquisition has become problematic. To allay concerns at the next BOD meeting she considers informing them that if Trustwave settles, Sing/Tel could buy out this irritating SFOR.
With $92 Billion in assets they could easily afford it. Then they could continue lawsuits to recover the acquisition cost. She knows SFOR applied for an international patent that may be awarded soon. With that in hand Sing/Tel could continue with its OOBA 2FA mobile banking service world wide. It was offered in Asia in Oct.
With their US subsidiary the lucrative US market could be hers.
To assist her BOD in decision making she knows she needs up to date court info. She makes the call. "Dragon are you awake?" "Yes Ms. Koong, on guard duty atop Sing/Tel's treasure horde." "Dragon, the treasure is in danger! You must fly back to the US and circle the courthouse ASAP!" "On my way Ms. Koong. I'll report to you when I'm overhead on-station." Take care dragon, there is a blizzard on the East Coast. Beware of your wings icing up." "Will do boss, dragon out."
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