This should have been done a long time ago. At the very least, any questions and answers should have been translated. Mr. Koo is not fluent enough in English to have been allowed to conduct conference calls and answer analysts questions in English.
This is not going to help the share price. IMO it is obviously an overreaction to the recent flock of ambulance chasers trying to create a class action as the result of the total crash of this companies earlier projections. The company did get a little too excited last year when they attracted a surge in orders and that resulted in projecting results too far into the future. A lot of investors were stung by buying based on those projections. This will settle down soon and I would not be surprised to see a very large inflow of business this fall. Digitimes and other sources have already pointed out that the surge in smartphone and tablet orders in China and other developing countries have caused shortages in many of the components and OEMs, particularly smaller ones are having to pony up in order to find suppliers.
Do you think this policy change has anything to do with the numerous complaints that we shareholders have expressed on this board and to Investor Relations head Kevin McGarth concerning understanding Mr. Koo's comments.. In this regard I see it as a positive. If the pr firm articulates Mr. Koo motives and strategies I think we will be much better served. Also, I am extremely interested in any changes in the Kahn brother's holdings. They added a substantial amount of stock in the first quarter.