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Technology Stocks : CATP-The stock is taking off -- Ignore unavailable to you. Want to Upgrade?

To: John Ritter who wrote (656)	5/17/1999 3:43:00 PM
From: Rick	Read Replies (1) \| Respond to of 782

john - with respect to CEO Simms and CFO Toscanini, my views have not changed. i believe they were dishonest, reckless, and ineffective in guiding this company for the last couple of years. they focused on using a hype inflated stock price to make cheap acquisitions. they sold shares on insider knowledge. they sacrificed company stability for short term stock price gains and in general behaved like children lost in an adult world. i had to hold my nose when i bought the stock, but the bottom line is that the valuation became very attractive, takeover possibilities became more likely, and worst case if they continued to behave like children in an adult world they would be replaced. additionally they have added some good talent with credibility and experience making their own ineptitude less important and less dangerous. it is my hope as an investor that these are the first steps to a full executive team change. these things can take time, but my fingers are crossed. i don't mind these jokers sticking around and collecting a salary and some options if the plan is to sellout within a year, but if they are going to remain independent, Simms and Toscanini must be removed - the cancer is in remission, but it can return. rick. p.s. i know there are some that will think that i am being overly harsh and personal about Simms and Toscanini's record. to which i say: 1) there is great responsibility in being a CEO of a public company; act irresponsibly...pay the price, 2) i wonder how they feel about the real losses in wealth caused by luring people into the stock with unrealistic projections, or the employees they drove away with dishonest expectations about bonuses, or the loss in wealth by options holders within the company. there's always a certain amount of salesmanship required to run a business, but these guys went over the line, and had a history of doing the same at CCUR. i can't imagine they feel very secure about their record. these days it's easy to sell stock to an all too naive public, but that's not what being CEO is all about.