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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (27142)1/26/2006 3:08:25 PM
From: Bill Harmond  Read Replies (3) of 57684
 
I feel like this is friggin Worldcom...

26-Jan-06 09:02 ET In Play Foxhollow names Ron Steckel chief operating officer; Richard Zimmer has been named vice president of sales (FOXH) 27.34 : FOXH announces that Ron Steckel has been named chief operating officer of the company, while Richard Zimmer has been named vice president of sales. They replace David Martin and Bill Hoffman, respectively. "Based on the new strategic initiatives we announced earlier this month, it is appropriate to effect this transition at this time." (See 7:54 comment for analyst comments related to potential mgmt changes)

26-Jan-06 07:54 ET In Play Foxhollow possible mgmt changes a short term concern -- Piper (FOXH) 27.34 : Piper Jaffray, which recently upgraded FOXH on valuation, is now inserting some caution on its short-term views. The firm has new worries related to additional management shakeups, possibly the VP of Sales and/or the C.O.O. While neither would be a big loss fundamentally, the firm is left wondering why the news flow from FOXH is so uneven and what the underlying cause is for the potential mgmt disruption. Firm has not been able to confirm the rumors, but is concerned by the lack of denial by mgmt. However, firm feels much of any rumored bad news is in the stock.
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