Firoz lalji worst ceos of 2018
Zones Chairman Acquires 5% Stake In Rival PCM, Setting Stage For Possible Takeover
Firoz Lalji, chairman of Auburn, Wash.-based national solution provider Zones, has quietly invested in rival PCM, though it's not clear at this stage whether his investment is a prelude to an acquisition or hostile takeover.
In an SEC filing last month, Lalji revealed that he and his wife Najma have acquired 5.02 percent of the shares of El Segundo, Calif.-based PCM, formerly known as PC Mall.
[Related: VAR Sysorex IPO Debuts With Slight Slip In Price]
In the SEC filing, Lalji said he believes PCM's shares are "grossly undervalued and represented an attractive investment opportunity." He also said he thinks PCM has been "poorly managed" and is "one of the poorest-performing companies in its industry channel."
"Over the past three years (PCM) has seen no revenue growth, stagnating at approximately $1.4 billion annually, and has cumulatively generated net income of approximately $16.4 million on These are the best and worst leaders of 2018 - Fast Company BOJA