Larry,
I have followed this disaster ever since the IPO. Today the stock price is at the same level as it was almost two years ago.
Like you, I too own MSFT. More importantly I own DELL. I have posted here before expressing a wish that RSYS mgmt be replaced by a more charismatic CEO like Michael Dell who genuinely cares about (and champions) share holder value. Fundamentally, you are right, this company has good products. But from an investment standpoint, RSYS' technological prowess and 'award' winning products take second place to return on my investment.
If management fails to protect share holder value, more and more investors will flee this stock, dragging it down even further. I can see lots of investors just dying to get the hell out on a bounce. I cashed out half my holdings at 53 another 1/4 at 37. Was waiting to get rid of the rest in the mid forties, but it does not seem like that will happen soon.
If I am not mistaken, The Red Chip Review's portfolio LOST (yes, LOST) almost 14% between 1/31/97 and 1/31/98. Little wonder. They recommend RSYS.
The only action I can take right now is to vote management out of office every year when I get a chance. I urge you to do the same. This is the only way I know how to send them a message. If more share holders do the same, perhaps they will listen. Or better yet, we may get someone in there who cares about share holder value. |
