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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: VLAD who wrote (11187)7/10/1998 9:09:00 PM
From: AlienTech  Read Replies (1) | Respond to of 23519
 
You are asking all the wrong questions about Leyland. It really does not matter how nuch experience he has or what his educational background is. The CEO of my company did not have the experience running a company either but he changed a 1 million company into a 5 bil company, increased sales from under 1 mil to 600 mil in under 5 years, going up against more established and better capatilised and much bigger companies.
The first mistake VVUS made was the stock split, then moving one line to the new plant at a critical time, well things sure ran down hill from there. The only logical thign that was done in this entire fiasco was to use Astra and J&J for foreign sales. But another thing he did was he prettied up at last and set the company up to have a great Q3 to prospective buyers.



To: VLAD who wrote (11187)7/10/1998 10:51:00 PM
From: BigKNY3  Read Replies (2) | Respond to of 23519
 
Vlad <<A CEO who couldn't figure this out 6 months ago IMO has no clue--who couldn't figure that one out BEFORE Viagra came to market.>>

Vlad: You are finally getting to the root of VVUS's biggest problems.

It is not the product, it's not the market, it's not even the competition...it's management. Reread summaries of Leland's older conference calls...his strategy in the face of competition was: hold on the #1 position via an impotence awareness campaign and then hire expensive inexperienced "rent a reps" to reach PCPs. His press releases (reissued several times for corrections) and his latest "wow am I surprised on what's happening" conference call should outrage all loyal VVUSers....and you VVUSers are definitely loyal.

Although I certainly disagree on many points concerning this market, I believe in the hands of competent, classy, professional and knowledgeable management, VVUS, today and in the future, would have been much healthier and would have been better able to reward the loyalty of its shareholders.

Recognition of the VVUS shareholders was just one other important item that Leland forgot to mention on Thursday.

Best of luck with your investments!

BigKNY3