Message from stock talk on Nov 15 1997 1:38PM EST " GJ, you can buy this company for less than the cost of your accounting errors."
Frank, Correct me if I am wrong. It appears that you are still thinking Gary Johnson is running this company and is very instrumental! You keep expecting him to be magical in this company's roadmap creation, stockholders value recognition, PR modification and so on.
My friend, it seems Gary Johnson is only a product of the top level for some reasons which are unknown yet to small investors!
It appears that the S3's top level cohesiveness has deteriorated deeply or I should say it does not exist! It seems that founders are focusing into other investments; their interests and their holdings in S3 are decreasing! Key top mgmt elements are either unseated, left the company, has become passive, or ran away to hide!
It seems that there are two forces within the top level: 1) wants to be acquired by another company without further effort, and 2) wants to forge ahead! And, due to this dilemma, one can say why we are at today's situation! You can see this struggle of passiveness and forging ahead struggle on the marketing, production, and other areas of business. Sonic Vibes, FDJA, GX3, accounting mess may point to this struggle within the top level!!!
All I want to say, is repeating what Jan has been saying that the "composition of the entire board" is the key concern. Therefore, GJ is not your man to do the job in IMO!!
Off the topic of GJ-- To S3's engineers and hard working staff: you guys deserve applauding.
MBrad |
