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Technology Stocks : Axcelis Technologies, Inc. (ACLS) -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (173)1/20/2009 2:13:10 PM
From: The Ox1 Recommendation  Read Replies (1) | Respond to of 195
 
Well, 10 months later....

WOW. Talk about running a company into the ground! I have to admit I was completely wrong here. Clearly the management, led by Ms Puma has been incompetent. Their Oct press release said that a refi deal was nearly done. Either they were lying or they were too optimistic. Neither is what you want out of your mgmt. The current stock price is about 7% of where it was when Sumitomo was approaching the company.

Ignorance is bliss. Incompetence is unacceptable and inexcusable when running a publicly traded company.

jmo

TO