Let us start with graceful reassignment of Gardner to COO and hire a new CEO who can handle "significant growth" and build on a great start by Martin. Get rid of the dead weeds in Board of directors, streamline the mover and shakers moving forward.
Removal of obstacles is the necessary step for a successful M&A.
Perception far supersedes the reality in stock market. Martin can change the long tainted perception by CEO and establish a new one. With 21% equity and a Bond holder (due October), can enforce some changes or at least a more credible communication to investment communities. I would expect a Merger on horizon similar to Mindspeed.
Taking it private and hoping for an IPO is a long stretch and merger and acquisition is more likely, IMHO!
Sentiment: Strong Buy
William C. Martin: "I believe Vitesse has reached an important inflection point that presents compelling opportunities to create significant shareholder value.” Really? What are the compelling opportunities? I didn't hear them in the cc. What will compel people to invest if this fabulous company can't convince the tech world enough to make significant progress? Gardner uses the word traction as a go-to, but he just can't deliver confidence that we all need. Martin must be down in the hundreds of thousands or millions at today's market price.... He may actually be sweating more than me! -- When we were at $4.50 at least I had a glimmer of hope that I would recoop my losses.. now back to $3.00... I used to have a steadfast confidence in this company. Sorry folks, but I have become more skeptical than I had anticipated...
sentiment: maybe Martin will kick someone's b*tt om dollar on the board
........a path to generate significant shareholder value, read on:
“We appreciate the extensive insight and support that Bill has provided to Vitesse as our largest stockholder and we are pleased that he has accepted our invitation to join the Company’s board of directors,” said Chris Gardner, CEO of Vitesse. “Given his knowledge of Vitesse and business acumen, Bill will be a tremendous asset to the Company going forward. Vitesse is well positioned to benefit from the proliferation of Ethernet in our expanding target markets. We have made great progress in transforming our business and we are confident that we have set Vitesse on a path to generate significant shareholder value.”
Sentiment: Strong Buy
Nice to hear from you. Did you hear the cc? I was disappointed that they cut it short and did not take further questions from callers. I was less than impressed with overall expectations for the next quarter.... Today they come out with this:
"Management will discuss the Company’s penetration into its high-growth target Ethernet networking markets and opportunities to expand in new segments such as Gigabit Wi-Fi, storage and automotive. Additional highlights will include the continued growth of Vitesse’s new product portfolio and success in building on a growing base of markets and customers."
How are they expecting to attract investors at their next presentation if they share lukewarm markets projections just three weeks ago? Am I going nuts?
Scam_breaker, the man is correct! taking into account the REVERSE SPLIT, he is on the money. through out time i find that users of the word "MORON" are often the most MORONIC.
I once argued with a CAL student at CAL that CAL and Berkeley were two different schools! I walked away still not convinced he was right... my lone regret is not being able to apologize to the 7 foot basketball player,whom I never saw again.
Peace and Go Vitesse!!!
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I hold similar sentiments of frustraition. They have such great products and design wins.(bla bla) They said all last year that in 2014-15 things would ramp up. What answer does CG and Board have for the 8 mil shares sold at $3.35? The CC was lacking in confidence IMO. Pathetic job confincing me that this company is doing much more than paying the bills and bound to a static rate of sales. Did they even mention Russell 3000? What will drive investor interest? Big frustration for me...
Sentiment: Don't know: Do I cut my chains and losses? hold? for what?
This was one of the most hyped companies of the tech bubble. I can't count how many glowing reviews and stock recoimmendations I read about it. The bubble burst but this company never recovered. Look at how wrong so many people were. And yet day after day I see "free" recommendations and upgrades and downgrades posted online and there are countless discussions on TV as well about the stock market. They don't know anything. VTSS is a reminder of of that. They. Don't Know. Anything. That's like a golden rule of Wall Street. Those guys in suits, those hucksters, they. don't. know. anything.
Toledo governor declares state of emergency as toxin makes local water supplies undrinkable. Innovative companies like OGNG are stepping up with their water harvesting products.
Net revenue up 6% sequentially Bla Bla Bla
New product revenue increase 79% Bla Bla Bla
New product design wins grew 45% More Bla Bla Bla
More of the same for next quarter it seems
"revenue to be in the range of $26.5 million to $29.0 million"
When are you going to make a PROFIT?
No wonder this POS dumped.
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and take on big-name players like Grey Goose