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To: Patrick E.McDaniel who wrote (133122)6/17/1999 1:52:00 AM
From: jim kelley  Read Replies (1) | Respond to of 176387
 
Patrick,

The biggest problem that CPQ seems to have is lack of honesty with its employees, with its customers and with its shareholders. They need to solve this fundamental problem before any other tactics will work.
They are an example of a company that has lost its way and its purpose.

I think that the problem permeates the board of directors. I doubt that it can be solved because it requires the culprits to commit sepuku.

What Rosen is doing now is merely another slice and dice operation on a bloated and defocused organization.

Today, yet another example of this disregard for the shareholders of the corporation was reported here. They bought back stock at 42 per share that they could have bought back on the open market for 22-24 per share. It is gross and flagrant and it goes right to the board of directors including Rosen.

They have redefined themselves as dishonest. What else is there to say.

Regards,

Jim Kelley