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Robert Pera keeps private life guarded
He is described in a Forbes magazine profile as frugal, hardworking and risk taking. He is 34 and among the super rich. And his company's stock price has plummeted in recent weeks.
He is Robert Pera, and he may be the new owner of the Memphis Grizzlies.
Pera himself Anavar For Weight Loss isn't Jintropin (Gensci Pharmaceutical Co. Ltd.) shedding much light; a message left for Pera at his company's headquarters wasn't returned Monday. He appears to have a blog, though it's relatively new. He appears to be on Twitter, but hadn't used it until Monday.
From 2003 to 2005, he was a wireless engineer with Apple. That's when he left to form Ubiquiti Networks, a wireless technology company.
"When I left my job at Apple in 2005 to dedicate myself to Ubiquiti, my only thought was 'if this doesn't work out, I am screwed,'" Pera wrote on what is believed to be his blog. "It was March of 2005 and my $600/month studio apartment lease down the street from Apple HQ was coming up for renewal. Instead Deca Durabolin For Endurance Athletes of committing to another year, I moved Anadrol And Gyno my futon and my HW lab into an economical $650/month office surrounded by bail bonds shops across the street from the San Jose Courthouse where I would make my home for the next several months."
A Forbes profile earlier this year describes Pera as never checking a bag at the airport and living in a one bedroom apartment. It also said he's a basketball enthusiast, often playing pickup games, and described "Oxandrolone Powder India" him as "boyish looking and lanky."
His company went public last October.
"He's done a remarkable job of building a substantial company in a very short time," said Matthew Robison, an analyst with Memphis based Wunderlich Securities, who studies the company.
But the past few months have been rocky.
On May 21, Ubiquiti filed suit to stop what it believes was a Miami based illegal counterfeiting ring. It believed that the owner spread rumors of a Ubiquiti tie to the Chinese mafia and tried to Comprar Levitra enlist the help of a former Ubiquiti distributor that the company severed ties "Achat Anabolisant Belgique" with because it believed it was distributing products through Iran.
Ubiquiti was trading as high as $35 a share on May 1 but the stock has plummeted since. Shares closed Monday at $11.83, down 12 percent for the day. Buy Cialis Germany Robison said he thought the Griz sale was a big reason for Monday's loss.
Also, an increasing number of Ubiquiti shares have been shorted, meaning they've been bought by investors hoping to make a profit on their fall. But Robison said that doesn't necessarily carry a bad connotation.
Pera owns 64 percent of the company, according to Forbes, meaning its stock decline has hit him in the pocketbook. Once estimated at being worth $1.5 billion, Forbes now says he's worth $980 million, at least on paper.