CMIC- CALIFORNIA MICROWAVE Message Board

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Technology Stocks : CMIC- CALIFORNIA MICROWAVE

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To: Val Weicht who wrote (23)	12/13/1996 1:42:00 PM
From: TheLineMan	of 67

With Phil Otto gone,this company can only go up. Never saw a CEO do so much damage before. Did anyone read the last Annual Report full of exxuses backed up by silly metaphors. I really don,t think the guy had any idea. and I can say it now. They lost too many good execs during his tenure especially in the Satellite division, and the wireless division has yet to genenerate the expected earnings. I can only say this is going, to help the stock price. The next 6 months shold be pretty interesting as the divisions get their acts together. However, Phil will leave a legacy of yes men. Fortunately, some of them a few do have experiance. The satellite divisions have a highly competent level of enginneering personnel, and this should make up for the lightweighs at the higher level. The other thing that worries me is when the high level execs were run out of the sateliite division, they took a lot of the customers with them and basically set up in business acoss the road. I hear they're doing fine and that they may be going pulblic soon. Hopefully they are rebuilding relationships now. Earnings growth in the short term can be generated there and picked up later by the wireless divsions.

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