Wind River going up, up, up! Message Board

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Technology Stocks : Wind River going up, up, up!

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To: lkj who wrote (4990)	4/23/1999 10:54:00 AM
From: Erwin Sanders	Read Replies (2) of 10309

Lots of views, lots of opinions - where's Allen's? Here is an interesting one from the Yahoo message board: by: techstockfool New CEO will bring youth rather than just facelift to management. You mentioned that the last conference call went very well: ------------------------------------- He was so damned effective in that call... made me believe things at the company were going swimmingly. ------------------------------------- It went well because Abelmann's performance was so good - there was no hint of nervousness as you might have detected in someone who had just lost half of his asset value. And that could be a big part of the problem. Abelmann had cashed out millions from his options so he owned very few shares. He has overseen Wind's spectacular rise and its crash over the last five years. He has nothing more to prove. It is wise for him to step down. In the interim it is good to have Fiddler as the CEO because he surely feels the pain of and has a stronger sense of duty to long-time shareholders who have seen their gains of the last three years wiped out. He could be more willing to install a stock buyback to which Abelmann was so emphatically against in the last conference call. The company is on the verge of totally dominating the embedded market. Its first priority is to focus on bringing all its great products out in a timely manner. It will be disruptive to try to digest a major acquisition in the next year. Only a numbers-oriented CEO will insist on keeping the pooling-of-interest option open for an acquisition. An aggressive CEO who really believes in the company will buy back shares to boost future EPS. And a new CEO should bring youth and aggressiveness to the company. I say it is no coincidence that the new billionaires of this Internet age are all thirtysomethings or twentysomethings. The Yangs, Bezos, and Dells of the world are brash enough to believe they can stand old business beliefs on their heads. For a sixtysomething, it goes against every grain of his senses to believe in any crazy P/Es over 30. And instead of managing to push the business full steam ahead, he would be managing a backlog with both eyes toward the stock price (steady as it goes - no roller coaster for him). Amazon, eBay, Yahoo! and Dell are all striving to play a dominant role in the new millenium. Those CEOs don't worry about the stock prices running up. They certainly won't stop billing just to have a round revenue number for a quarter. The analysts have all learned what to expect from Abelmann. His discipline would not allow him to beat the guidance number by more than a penny. A new CEO should bring back some excitement for the analysts and potential upside surprise for the investors.

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