RE: Peter Buswell. Not much comment on why Frank continued to appoint new people to try to get our company's hardware and software into major Fortune 500 intranets. Well, I think appointing Buswell was a great idea, and he brings many marketing contacts with him. I think Frank was alittle worried about trying to get this company to take and and I think Buswell was a little worried also. Frank's and Peter's comments follow...
Peters also noted: ''I have known Peter since 1980. In all candor, Franklin is fortunate to have someone with Peter's ability to
quarterback and deliver on this mission-critical agenda at Franklin. With Peter's help, we should be solidly on schedule, and
hitting our goals within the year.''
''The writing is clearly on the wall -- companies failing to execute in this rapidly evolving industry will dead-end on the
information superhighway. My job is to make sure this doesn't happen at Franklin. We will not miss this opportunity, period.''
My question is... does Frank think we were not on schedule, that Franklin is falling behind, and it is going to take a year to "hit our goals", and until then, the company continues to underperform? Did he do this hire, because Franklin was falling behind, in his estimation?
How about Peter Buswell's comments... "the writing is clearly on the wall", sounds like, he hired me to put me or shut up, we either are gonna make it, or we're gonna cash in the chips. It would also seem to me that the lack of enthusiasm from the investment community mirrors this plight of lack of exposure, and lack of powerful sales, lack of other alliances. Meantime, the big boys like Lucent and Nortel are buying the technology from someone else. If I'm a CEO of a Fortune 100 company with a huge intranet, and a Lucent or Nortel box already on site, who am I going to buy from? So that leaves us with the rest of the world, right? Well, that's what Buswell is here for i figure. I hope he can deliver. Otherwise, everyone is going to be cashing in those options at 35 cents on the dollar and selling the stock at about the same price. |
