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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Taro who wrote (285815)4/29/2006 7:34:40 PM
From: tejek  Respond to of 1574070
 
Follow the drama on Yahoo. Better than "24".

It's about a fight, a Mexican stand-off between the board and 20 years sole dictator CEO of VTSS Lou Tomasetta IMO.

Last round - so far won by the board.

No consideration for corporate value or future.

IMO the board belongs into exactly the right slammers as LT.

Or maybe padded rubber cells.


I don't know.....this was announced on Thursday........it doesn't sound like the board is that crazy:

"Shares of Vitesse Semiconductor Corp. were pounded on Thursday after the company said it would need to restate financial statements going back more than three years as a review panel found indications of additional accounting improprieties."

Maybe the board is trying to get even, but apparently where there is smoke........all I know is that I came this close [] to buying some of their stock. I will be forever grateful that I blew it off at the last minute. I forgot how crazy things get in tech.