In fact the market conditions are so complex, that he and his Team need 100 days to analyse the market and set up a game plan.
Doug and others --
I met with Alan Lutz for about 20 minutes this morning and NN couldn't have found a better leader for this stage of its development. He's been on the job about 5 days and he's well into developing a game plan. I don't know how many days he'll take to implement his plans, but considering it's only taken five days to outline his first goals, I'm guessing 3 months from now there won't be one NN employee who doesn't know the company goals and be able to articulate how they'll be reached. I also think development goals will be tied to solid leadership that will be carried from inception to completion.
Investors can expect more attention from analysts --- one major firm had just left when I arrived --- and also expect NN's products to be marketed to a broader market base.
For those who've followed my interest in Cambrian Systems, you'll be pleased to know NN owns around 40%, and based on the rapid growth in WDM, adds value to the company few recognize. Mr. Lutz jokingly said they'd take $6.4 billion, if offered. It was said in jest when I asked how likely it would be for a competitor to take them out.
I've met many CEOs in my life and Mr. Lutz is definitely a class act --- right there at the top. Intelligent, poised, focused, and certainly in tune with the market.
I'm posting from a Sun PC with a format that's driving me nuts, so will stop here.
If there's anything NN investor's don't have to worry about it's the CEO.
Later --
Pat |
