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Technology Stocks : CATP-The stock is taking off
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To: John Ritter who wrote (554)3/22/1999 12:03:00 PM
From: Rick  Read Replies (1) of 782
 
For What It's Worth....

I sold my Friday shares for a small profit, as today's action suggests there are not many aggressive buyers. Although I believe it fundamentally undervalued, I am wavering on my conviction that Sims will be pushed out rapidly.

My take is that until he is removed, the company will continue it's negative spiral. The company cannot change the external business environment which is a little tougher in the ERP area, but if they don't recognize that Sims and his cronies must go, the likely feedback cycle is obvious:

1 - good people continue to leave
2 - good replacements do not arrive (unless you overpay them)
3 - morale remains low
4 - jaded employees expend less energy for CATP and clients
5 - client work suffers
6 - important projects lose key team members
7 - projects must absorb replacements of likely lower quality
8 - morale gets even lower
9 - client work suffers even more
10 - harder to meet fixed price bids
11 - company pressures employees to work harder to meet fixed price bids while delivering monkeys to the projects instead of professionals
12 - morale gets even lower
13 - even the marginal people start considering leaving
14 - projects blow budgets.....less money is made
and then come the real bummers....
15 - clients start suing for non-performance as the ratio of monkeys to professionals in CATP reaches a critical stage where the professionals can no longer provide adequate cover for the monkeys.

and the entire cycle feeds upon itself until the company realizes that the real problem was never the geographic model vs. the service line model.....the real problem is a greasy executive team that is not suited to running a company with professional, global ambitions.

Game over until these jokers are gone. If the board and shareholders don't recognize it soon, they will continue to erode a company with great potential.

To the board of directors: Act Quickly or Languish.

Rick.
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