If you believe that this "Alignment for the Next Stage of Innovation and Growth" will inspire confidence you should see a doctor. Joe Dyer (64) has been named Chief Strategy Officer (CSO). The only way to understand this appointment is to recall how Elaine from Seinfeld show promotes the mail-room psycho Eddie Sherman instead of firing him. Check out Joe Dyer interviews and presentations, the guy has all the symptoms of early dementia and Alzheimer, often lost for words, looking generally confused and lost. And yes, he does look scary and angry enough to be promoted! I wonder how else to explain appointment of a 64 year-old dementia patient as Chief Strategy Officer? So now we know that lack of innovations at iRobot was due to misaligned corporate structure but now it is fixed, it's all good!
This is a normal Engineering Management business function, but giving out the title of Chief Strategy Officer is kind of grandiose for a 600 employee company. Realignment of IR&D projects is like herding cats, and requires technical expertise, program management experience, customer confidence, and wisdom to see through the BS that many engineers and scientists try to pass off as common knowledge. Good luck.
the stock price will recover enough in the near future for buyers at 24.00 to 26.00 to make a nice profit. you guys who hold stock in the high 30's or so will have to wait it out or sell at a loss and continue to post negativity to vent your frustration and anger. i'm sorry freebase, but you screwed up, irbt is going up from here, an easy 10-20% depending on your time window. i was in at 24.90, so im already up 5%+ any given day but im hungry for more and confident i'll get it. GLTA