I will consider it....The first order of business is to establish an e-mail correspondence with CalPERS, have them review our thread that catalogs our mutual positions over the last 18 months, see if CalPERS would be willing to update their WEB page with their position and CEO, BOD and possible merger candidates (I have discussed this with them), and continue to notify other large institutional shareholders with our concerns AND WHAT as large shareholders DO THEY PLAN TO DO ABOUT IT!
Look Kenneth, Paul, Joe and others....Not us or any other large shareholder is going to affect change unless we all agree on very simple mutual goals like BOD representation, a new (outside) CEO and
a BOD committee established to review 'best choice' merger partners to exploit value and growth potential moving forward.
If we are able to choose our merger partner and intelligently examine the synergistic elements with a potential partner, all shareholders, employees and customers will gain in the marriage. The company will be stronger and we (our new BOD) would make that choice and only make such a choice if the whole would be stronger than the parts. It's not a bad thing but can be a very good and competitive thing for the future.
I think Mr. Dennis Conner's post states my position.
Read it again.....
techstocks.com
This "Open" letter states some very specific complaints and concerns that need to be answered (and solved).
Now, if AMEX, SWIB or CalPERS agree with this position, then we move forward as a group to nominate a BOD member. If not why?
Perhaps we should formally request a response, an opinion, and their position regarding the items raised in this letter.
EKS
P.S. I was also thinking of an SI Book covering some of the more interesting posts over the timeline of events discussed the last 18 months. Maybe we call it "The Best of SI Novell" <gr>. Post your links to old stories which might provide a good foundation for both SWIB and CalPERS to be aware of and read.
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