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Non-Tech : Gymboree "GYMB" -- Ignore unavailable to you. Want to Upgrade?

To: Marty Rubin who wrote (175)	2/4/2000 2:44:00 PM
From: Marty Rubin	Read Replies (1) \| Respond to of 189

re: control of board. source: yahoo! -----beg of quote----- pike by: ymmot_99 2/4/00 1:23 pm Msg: 2523 of 2525 It is mind boggling but maybe not as mind boggling as one thinks. The board of directors represents the shareholders and its their role to hold management of the company accountable for the performance of the company. Consider that Gary White sits on the board of directors, is in fact vice chair of the board of directors and has appointed several new people into a director position. Consider that he is also the CEO or top management person in the company. Therefore, he reports to himself and he and Stuart control the board. So, its their way or the highway. The only solution is for the company to be purchased through a hostile takeover or large shareholders initiate changes through a vote. At this point, I would suspect most large institutional shareholders have sold. I don't see a purchase. The companies who might consider it would rather crush this company than buy it and crushing it they are. -------------------------------------------------------------------------------- Posted as a reply to: Msg 2521 by pikebishop2000 View Replies to this Message ----and of quote---- ---beg of response to above msg.---- ynmot 99 by: pikebishop2000 2/4/00 1:48 pm Msg: 2525 of 2525 I agree with everything you say. White does have a stacked board. The shareholder base has most likely changed dramatically. No one cares. Invest in tech... And Stuart, who was once a very shrewd retail executive, is no longer involved in the strategy of the company. As to a purchase, 95 million market cap is real cheap for 600 stores (forget the current merchandise, a good merchant could fix that). Someone wanting to expand into childrens may see the value. -------------------------------------------------------------------------------- Posted as a reply to: Msg 2523 by ymmot_99 ----end of quote(s)--------- source: messages.yahoo.com and messages.yahoo.com respectfully. ----------------- little note: "board" gave mgmt options and may have gained more control of co. is it mgt way of getting it cheap (double check for options date of dec '98)? will they get away with it?

To: Marty Rubin who wrote (175)	2/16/2000 12:03:00 AM
From: Marty Rubin	Respond to of 189

ceo is out. finally some clear minds are moving in. no quick miracles expected, just a slow recovery --hopefully! ---------------- Tuesday February 15, 1:18 pm Eastern Time Company Press Release SOURCE: Gymboree Corporation Gymboree Announces Senior Management Changes Stuart Moldaw Assumes Chief Executive Duties; White and Cox Resign BURLINGAME, Calif., Feb. 15 /PRNewswire/ -- The Gymboree Corporation (Nasdaq: GYMB - news) announced that it has appointed new executive management of the company. Chairman of the Board Stuart Moldaw has assumed the duties of Chief Executive Officer. Mr. Moldaw has been chairman since 1994. Lisa Harper, currently Senior Vice President of Merchandising and Design, has taken on the added responsibility of General Merchandise Manager. Ms. Harper was Gymboree's Director of Design and Merchandising from 1992 to 1995, and rejoined Gymboree in 1999. Her background includes leadership on merchant and design teams at several other successful clothing retailers, including Limited Too, Esprit, GapKids, Mervyn's and Levi Strauss. ''The disappointing sales and the loss in our fourth quarter require us to take action in an effort to return Gymboree to its pre-eminent position as the quality brand for children. We look forward to combining the best practices of our new strategies and our historic position in the marketplace,'' said Mr. Moldaw. Gary White, formerly Vice-Chair of the Board and Chief Executive Officer, and Melanie Cox, formerly the President, have resigned. Mr. White also resigned his seat on the Board of Directors. Mr. Moldaw said, ''We are dedicated to Gymboree's success. We have true brand equity and high quality products. We believe that our heritage remains intact, and we are committed to reversing the current trends, rebuilding our market share and restoring profitability.'' The Gymboree Corporation designs, manufactures and retails unique, high-quality apparel and accessories for children. As of February 14, Gymboree operated 605 stores, including 555 stores in the United States, 19 stores in Canada and 31 in Europe, as well as an online store at www.gymboree.com. The company also offers directed parent-child developmental play programs at 420 franchised and company-operated centers in the United States and 14 foreign countries. The foregoing paragraphs contain forward-looking statements within the meaning of the Federal Securities laws which reflect the Company's current view of future events and financial performance, including statements about updating the Company's brand, reversing current trends, building market share, restoring profitability and about the Company's future financial performance. Actual results could differ materially as a result of a number of factors, including general economic conditions, competitive market conditions, the Company's financing and working capital needs, the Company's success in updating our brand, the Company's ability to anticipate, gauge and respond to changes in fashion trends, the Company's ability to manage future growth, the Company's ability to develop new merchandise and to hire and train new employees, and consumer acceptance of the Company's product. Other factors that may cause actual results to differ materially include those set forth in the reports that the Company files from time to time with the Securities and Exchange Commission. SOURCE: Gymboree Corporation biz.yahoo.com