That is a good sign that management is reverifying their performance for the quarter. I checked the "Zacks" mean estimate last night for the next quarter's earnings - it is -0.04 cents. So break even for the quarter is not that great a stretch. However, to break even, or even do a little better, would be a great "upper".
Maybe the new CEO, Dial, is doing a good job as manager. Repeated below is part of the press release on his appointment in April.
CHANDLER, Ariz.--(BUSINESS WIRE)--April 5, 1999--ADFlex Solutions
Inc. (Nasdaq/NM:AFLX) announced that Rolando C. Esteverena resigned
Monday as chairman, president, and chief executive officer of the
company in order to pursue other interests.
Neil Dial, formerly executive vice president of Operations for
the company since October of 1997, has been named by the board of
directors as president and chief operating officer. Dial has more than
15 years of experience in executive positions including president of
Alphatec's Bangkok operations, and assistant general manager of
Motorola's manufacturing facility in Kuala Lampur, Malaysia.
Commenting on the appointment of Dial, ADFlex board member
Steve Sanghi said: "The board of directors would like to thank Rolando
for his years of commitment and dedicated service to the company.
Additionally, we are very pleased to announce the appointment of Mr.
Dial as president and chief operating officer.
"Mr. Dial provides significant experience in managing
multinational manufacturing operations in the electronics industry.
His experience and knowledge of our industry make him an excellent fit
as chief operating officer," Sanghi said. |
