Noblesse,
On reviewing investments that have burned me over the years, I find a high 'positive' correlation with weak management. <g>
A few of my dollars went up in smoke on KOPN, so this joke was at my expense. I intend to place more emphasis on management strength in making future investments. There are plenty of well-managed companies to invest in, so why gamble on the others? Let them play with someone else's money.
---> "They need new blood..."
Kopin is in a similar situation, imo. Three years ago they brought in a former Digital Equipment VP, Thomas Frederick, as COO. This guy was a no-nonsense manager, but unfortunately, he was gone within a year. Quarterly shifts in strategy and endless 'crisis mode' activity were apparently not his way of operating. Fan's money raising skills enabled Kopin to remain afloat through years of losses, but now the company must move on to the next stage. They need a hard-nosed guy in there, perhaps as President, someone who knows the difference between dreams and reality. The few analysts who follow Kopin would probably take that favorably. Kopin has been peddling dreams for years, but these days buyers are few and far between.
Will |
