Carl Berg is apparently a Silicon Valley real estate
guy cum venture capitalist. He is rumoured to be
a very savy investor and not a real nice guy.
He also is heavily into IDTI, a growth semi
co i have invested in, which is also down now
but has high expectations for 98. If I could eat
expectations i have enuff now to never go hungry!
I checked the VLNC yearly report and carl has
something like 4M shares.
Isn't the following scenerio fairly easy to imagine:
Berg is pissed off and cans Cal Reed. Why?
Well if there is a manufacturing problem, seems
like this would be stupid (unless Cal wanted to
go public with it and Berg did not but that does
seem a trifle paraniod).
It does seem more possible that Cal is good on the
manufacturing side, and maybe would be a great
manufacturing VP, but maybe is having trouble dealing
with the OEMs lining up the best deal for whatever
reason.
Remember, there were some remarks in the next to last
cc about 'focusing on market acceptance' which
we had a bit of trouble understanding.
So he and Berg have a fight, or Berg just
decides he isn't hacking it and boots him.
The story about 'unhappy about the timing of Cal's
share sale' sounds like bs you might use as an
excuse. There's gotta be more than that to it.
But if Cal really is a manufacturing guru (i don't
have a clue, that just the sense i've picked up)
then it really would be counter productive to axe
him if you faced manufacturing problems. And whatever
else is true, you can be sure Berg did not become a
multi-millionare by being stupid.
Anybody know more about Cal and about Lev?
Am I jumping to conclusions that Cal must be
the manufacturing guru who's usefullness may
have timed out, or who maybe can't hack the
other duties of CEO vs Lev who maybe is the
right man to be in charge of tough dealmaking
with the OEMs?
All conjecture, but you kinda gotta wonder
what the rationale is if Cal didn't just say
'I'd rather be boating'. And if some scenerio
like the above is true, what can the company
say 'Carl Berg is a cut-throat bastard who
wanted this guy out because he can't do deals'? |
