Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Motorola (MOT) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (2260)	9/28/2003 6:52:48 PM
From: Scoobah	Respond to of 3436

I was convinced that the CEO's departure ws a result of pressure from the IB's, and not IB interest after the CEO decided, or the Board decided that the CEO was stepping down.

To: Glenn Petersen who wrote (2260)	9/28/2003 11:41:19 PM
From: Sr K	Read Replies (2) \| Respond to of 3436

FWIW, those Tribune reporters claim: A typical CEO search takes at least four months, so Galvin's predecessor* may not be named until early next year.* I suspect the pressure from the Board has been on for some time, and to demonstrate the "success" or progress of the turnaround which never happened, the return to profitability was pushed by "prior management". With a new CEO the books will quickly be cleaned, but the net value on a breakup will be less than $10 per share. I would guess $7.50. The bullish commentary from Investment Bankers is their play to get some of the banking business. IMO.