G'day all - Gary, I think COMS's low margin NICs actually works against its diversifications. Hedging the bet is good, but not at the expense of diverting resources for high margin product ramp up. However, that is actually the least of COMS's problems. The CEO is! This is almost like ASND, when Mory decided not to show up at one of the tech conferences. ASND did patch things up by hiring a top notch CFO. Of course, having products LU wanted also helps. COMS's sin goes a bit deeper too. For the past 2 years, it stuffed channels, blamed its problems as industrywide slowdown, aggressive accounting... Even if the CEO refuses to give up his post, he should surround himself with top notch people, instead of using them as fall guys.
Sorry I don't mean to bad mouth COMS, but want to convince myself not to bottom fish. I am certainly open for convincing otherwise.
best, Bosco |
