What a piece of crap this outfit is turning into. Since being spun out of Nortel, they written-off close to $600 million in shareholder value. Five years and 3 product cycles later and they're still writing off dot bomb expenses?
How they can every justify having stock option expenses at this point in time is beyond reality? Maybe, they should consider firing whoever the idiot was who signed the employment contracts that are generating such costs. Although, I suspect that would just generate more stock option expenses. It should be obvious that the company isn't in that business.
No growth for 2006 ... That seems to be the only thing the folks who run this outfit can consistently deliver.
Change is long overdue .... Here's the record !!!
Year End Revenue
31-Dec-06 97,000,000 (projected mid-point)
31-Dec-05 98,100,000
31-Dec-04 90,957,000
31-Dec-03 87,894,000
31-Dec-02 102,724,000
31-Dec-01 117,965,000
31-Dec-00 148,377,000
31-Dec-99 61,482,000
31-Dec-98 48,988,000
31-Dec-97 16,486,000
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