He left SEBL to take a higher position with Vignette. Here's the press release from this morning on that. So, your bad news scenario, is no founded. He was doing an excellent job at SEBL (that's widely known) and Vignette knows it, thus offering him the COO job.
The stocks probably not down on this news. It's down a bit because SEBL has clearly guided an analyst downward on their estimates. Maybe they didn't outright guide them, but their comments must have been cautious enough that the analyst saw it fit to lower estimates a touch.
This might be the bottom, or at least a temporary one, IMO.
<< Vignette names Thomas Hogan chief operations officer
AUSTIN, Texas, March 6 (Reuters) - Vignette Corp. (NASDAQ:VIGN) said Tuesday Thomas Hogan has been appointed president and chief operating officer and will assume immediate responsibility for worldwide operations, including sales, marketing, support, services and product development.
As president, he succeeds Greg Peters, who continues as chairman and chief executive officer of Vignette.
The producer of Internet application software said Hogan joins the company from Siebel Systems Inc. (NASDAQ:SEBL), where he most recently served as senior vice president of worldwide sales and operations. Prior to two years at Siebel, Hogan held several executive posts at IBM (NYSE:IBM). >> |
