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 : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (1680)	12/29/1997 12:12:00 PM
From: Running Bull	Read Replies (1) \| Respond to of 2754

H.James Sorry for the disparaging remarks about FSI management, but in the past year they have added tremendous costs to their infrastructure with new facilities and bloated management structure. Lots of new VP's, levels of management complexity added and complicated team dynamics by splitting the business into three buildings. Chairman is a nice guy, but nice guys finish last. Panders to the whims of his whiny staff, so they all get their new facilities despite dismal forecasts and lost market shares. Has a vice chairman, and he can't get the job done so now creates a democratic office of the president (three guys in one job). Best move by the board would be to clean house and bring in a new leader from a high profile success, not just a bunch of cronies from TI. As a shareholder with more shares owned with real money than a lot of the managment and board members (not just freebe options) I would like to see some positive, decisive action. I can't support that they performed poorly because all their competitors did, because the competitors haven't done so poorly. Look at Semitool and CFM. At least their revenues grew.