mason you have us so fooled. Your hatred of religion is only surpassed by your ignorance and juvenile behavior
Both LITE and VIAV seem to be moving forward okay in their own ways but obviously have a lot of Street skepticism to overcome. Who needs a CEO and CFO short term, if their functional teams cover all the bases and feed the bean counters the numbers they need, in a timely fashion.
Only a fool would trade this stock at these high price-levels. The pick with the most upside i've seen in a while is VICT... Check it out for yourself!
Re: I'm only interested in LITE from a trading standpoint. I don't think top level executive departures immediately after something like a company split is a good thing though.
Correct. Its not a good thing! The best scenario would have been that Tom & company turned things around. This did not happen. After 6 years of Tom & company focusing on the T&M side of the business, very little to show for their efforts. Taking this into account, the second best scenario was to remove the non-performing Tom and company. This took place. While there are no guarantees that Rick (new interim CEO) will work out, emphasis is now on execution and profitability. As indicated in the CC to monetize the NOLs one needs profits. If its true that out of all the T&M vendors they are the closest to having an end to end test solution, its conceivable to turn things around with the existing product portfolio.
Under $4 coming soon....
You will NEVER EVER NEVER EVER SEE $6 AGAIN!!!
Wake up people.
You were scammed and are all bag holders....
Sell now or get dragged down and under with the sheep....
Viav = scam zero
I'm only interested in LITE from a trading standpoint. I don't think top level executive departures immediately after something like a company split is a good thing though.
I haave reread the transcript again. I am encouraged by the we-can-fix-this attitude.
Now they need to stop with all the bike riding and put their energy into selling and presenting their products. The I-will-build-it-and-they-will-come days are over.
They need to get off their lazy behinds and start working.
If you think I am kidding go over to some of their supporting websites like FB,
Yikes you would think they are a nonprofit club with a mild interest in business.
Oh I forgot to add...
"Also, with the distraction of splitting up the company behind us, the new mgmt can focus on a more specific business at hand. I guess it had to happen after all the acquisitions and little to show for it. "
I believe that with the proper upper management jdsu would have worked out without the split. There are many examples of complex companies who are successful. What you had at jdsu is a group that was totally underwater and no way forward. They were the perfect storm that was sinking the ship. They painted themselves into a corner and we should be very happy that Sandell shook the tree and hopefully the bad nuts fell out.
I was happy to learn of those two departures. Tom, bless his heart, (you know anything that starts with"bless his heart" isn't going to be good) was totally out of his element. I will be watching to see where he ends up because I will be posting alerts over at his new company. He was a horrible match for jdsu.
No matter how many times I have posted about the Beauty Awards I was impressed with a few of jdsu products. I still say they have too much R&D costs without the revenue stream that should have materialized from all their innovation.
I do not understand why there wasn't a shake up before. Let the departing go wreak havoc elsewhere.
I have been looking for lite's transcript but can not find anything. Have you any information on them???
Blake I have looked for where Sandell sold their shares but I can not find it anywhere. Can you point me in the direction of this information?
That's a great way to buy stocks.. Search the message board for people you don't agree with and do the opposite that they do. Don't look into and investment based on past earnings and history. Look the other way to lies, missed opportunities and year after year promises that never come true. Just buy because I say sell.. Must be a good business school that taught your that strategy..
the split was announced and the stock jumped a few points up towards $14.. Stock is now $9..But being a bag holder and hoping a scam company with declining sales will turn around is smart.. Don't you see the pattern?? This stock will disappoint and disappoint until it's zero.. Don't be a dum dum and don't be afraid to sell a loosing position before it becomes a zero..
Pas, you got what you asked for ... a new team at Viavi. New CEO, New CFO, New EVP marketing (only one year with JDSU). No punches held back in the CC. New team to address the poor execution and market share loss. Reminds me a little bit of Oclaro when Greg Dougherty took over from Alan. Hopefully we will get similar results. The small positive, and I mean small positive, is that the problem appears not to be with the products. Also, with the distraction of splitting up the company behind us, the new mgmt can focus on a more specific business at hand. I guess it had to happen after all the acquisitions and little to show for it.
Seems like both conference calls mentioned ongoing changes at some mid-level management positions, in answering questions from analysts about what they're doing to correct declining or stalled sales sectors. If they are really cleaning house in an accurate manner rather than trying to preserve past inequities, we may be seeing the start of a resuscitated solutions side of the old JDSU. They are making some risky bets on remote software testing and diagnostics that may or may not be cost competitive with simply having hardware test equipment with comprehensive features, at every site. We'll see if they're just continuing to throw stuff at the wall to see what sticks or really pick winners outright.