first, there is no way that Roth could not have known about the slowdown, lower guidance, layoff's and etc, etc....My gosh, the man runs the company and these things that transpired, did not happen over night. I am not part of the sec, but it seem;s clear to me, the average joe, that Roth new the facts, but did not disclose them to jdsu which they had a legal right to do, and purposely waited for the stock to change hands before dropping their bomb. You can't tell me with such a huge warning and lowered guidance, layoff's and etc, that the head of the company just found out from a sales meeting...c'mon now.
I agree completely. In either scenario Roth comes out bad: 1) he didn't know 2) he knew and witheld the truth. Number one he's incompetent (which I highly doubt) and number two, he's unethical (and hopes NT's size keeps JDS from taking action).
Scratch Roth from my list of industry heroes.
Pat |
