To: ubrx who wrote (14379 ) 11/6/1999 5:59:00 PM From: pat mudge Read Replies (2) | Respond to of 18016
The "orders are tracking well" comment referred to the last day before the quiet period began. Whatever happened after that was not public. Yes, it was/is a 180 degree turn-around, but when the facts change --- or knowledge of the facts, in this case --- what else can be done? My 180 is from what I believed to be true, not what was in fact the truth. Anyone who went to the AGM had to believe the company was tracking well. The only crack in the dike I could see was the tension between TM and AL. But being Pollyanna, I wrote it off as a personality difference. I'd welcome anyone who attended to tell how they saw it. Was I alone in seeing only the bright side? Did anyone else hear any comments about increased threats of competition? Increased pressure from larger players? How about employees, did any of you know all was not well between top management? Did you know sales were slipping? And even now, how big is the chasm between promise and fulfillment? Perhaps we've all been following Moses around the desert, surviving on styrofoam pellets while listening to stories of life in the promise land. As an investor, I'm learning if you can't believe the scouts, maybe you'd better believe the market. Not that the promise land isn't there, but what are the chances of getting there with the turmoil of the current situation diluting the company's valuation, to say nothing of demoralizing the work force. Yes, I know the pep rally left a lot of folks with renewed excitement, but what happens the morning after? This is not a slam at TM, I like him and respect his pockets of genius, but I think it's high time to ask some hard questions. I've said it once and will say it again, demand accountability. If there's any buyout potential, I believe we'll see it in the stock. I've had some fantastic feed-back from folks inside the company and out and I believe by continuing the dialogue we'll be able to understand where we went wrong and hopefully learn from the experience. We can all be geniuses in hindsight, but how can we make better decisions going forward? Pat