If he was let go, for bad performance as stated, this may be good ... (although you have to feel for the guy ... todays market is a tough sell)
if he initiated the jump, and this is spin, then that may be bad ...
In anycase it leaves me nervous ... hey, I was nervous on this one already since the numbers are and have been (more then) abit below expectation the last few Qs ... at least they are showing declining losses ... I hope this is not an indicator that that is not going to continue.
Having over a billion in cash and the promise of the JV is what keeps me here ... Hope that JV come though ...
-- Rich
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3Com Announces Executive Change
Wednesday September 29, 4:36 pm ET
MARLBOROUGH, Mass.--(BUSINESS WIRE)--Sept. 29, 2004--3Com Corporation (Nasdaq: COMS - News) announced that effective today, Nick Ganio, executive vice president worldwide sales and marketing is leaving the Company.
"We are disappointed with our revenue performance from the last few quarters and believe that a change in our sales leadership is in order," said Bruce Claflin, president and CEO. "Until a replacement is named, I will assume responsibility for our sales and marketing activities." |
