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Biotech / Medical : IMAT - ultrafast tomography for coronary artery disease
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To: stock bull who wrote (2886)1/13/1999 5:21:00 PM
From: Bruce Rozenblit  Read Replies (1) of 3725
 
I am only mildly encouraged. I have seen this sort of thing before. A company that is having problems starts shuffling people around. The problem when that happens is that the political dynamics haven't changed. He's an insider with existing relationships with the people that have been making bad decisions and quite possibly has been a part of those decisions. Usually the best thing to do is bring in an outsider who has no reservations to bust some heads.

He's an engineer and hopefully should respond to logic and rational thought. Aerospace is a subset of mechanical engineering and the scanner is mostly electrical. I don't know what the "imaging management" business is. If he has many solid contacts with major hospitals, that is a plus.

Playing devils advocate, the worst this could be is just a political move to take some heat off of Meyers and nothing really will change.

Maybe investors are so fed up with Meyers that the board felt something had to be done without making it look like they screwed up. It's the old "there's no problem here, but we just made things a little better" trick. Let's see if any new policies are implemented and machines start moving out the door.
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