FSII - The Worst is Over? Message Board

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Technology Stocks : FSII - The Worst is Over?

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To: H James Morris who wrote (1680)	12/29/1997 12:12:00 PM
From: Running Bull	Read Replies (1) of 2754

H.James Sorry for the disparaging remarks about FSI management, but in the past year they have added tremendous costs to their infrastructure with new facilities and bloated management structure. Lots of new VP's, levels of management complexity added and complicated team dynamics by splitting the business into three buildings. Chairman is a nice guy, but nice guys finish last. Panders to the whims of his whiny staff, so they all get their new facilities despite dismal forecasts and lost market shares. Has a vice chairman, and he can't get the job done so now creates a democratic office of the president (three guys in one job). Best move by the board would be to clean house and bring in a new leader from a high profile success, not just a bunch of cronies from TI. As a shareholder with more shares owned with real money than a lot of the managment and board members (not just freebe options) I would like to see some positive, decisive action. I can't support that they performed poorly because all their competitors did, because the competitors haven't done so poorly. Look at Semitool and CFM. At least their revenues grew.

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