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Ciber, Inc. Message Board

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  • mrputs mrputs Sep 24, 2000 8:38 PM Flag

    The Un-Perfect Storm

    Companies with vision understand the accretive
    value (employee careers, customer expansion,
    shareholder wealth) appropriate business combinations can
    provide thru m&a. Slingerlend is a banker and Bob
    Stevenson a 'staffing guy', whose vision of m&a has created
    the current condition. There idea of vision is, what
    can we do to create a buzz and raise the share price.
    Evidence, the constant change in corporate direction,
    frivolous press releases and lack of leadership.

    Have any of you shareholders received any
    communication from CIBER's executive leadership, explaining the
    value of there 4-CIBER strategy? Dates? The answer is
    no, why? because as Mac's brainchild, this scheme has
    completely exploded in his face. The value of digitera is
    $.50 (have you witnessed the ERP market lately),
    agilera equity is now 25% (they cannot distance
    themselves fast enough from Mac) and IP/H20stone is anyones

    How can you make a MAJOR announcement in
    march to devide a $700-Million business entity and not
    explain value to your shareholders? Some companies send
    out shareholder apologies if they don't grow by 15%
    in a year. CIBER has eroded it's stock value by 75%
    in 9 months and these clowns are sponsoring
    $1-Million golf tournaments and paying for purple 'i' TV
    ads. I have never witnessed such poor senior
    leadership, questionable financial practices(recent 10KT)and
    a complete disregard for shareholder value.

    The shellgame is over this quarter, no more fiscal
    year accounting changes, no more Y2K woes, no more
    1-Ciber e-Business framework, no more 'we are
    transitioning', just the vision Mac&Bobby and the revenue growth
    that is sure to bring a return to shareholder

    I repeat, Ciber is irrepairably broken and needs
    'outside' correcting. Canning Slingerlend will not even
    solve their problems, besides maybe his banking skills
    can finally be put to use for shareholders by selling
    this relic or dealing with solvency - whichever comes

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    • My experience is that the public staffing
      companies do not communicate well with the shareholders.
      They are too used to running their own show and do not
      want "outsiders" meddling in their business.
      problem as identified is lack of vision and if there is
      one, the lack of the ability to communicate it to the
      shareholders or the employees.
      The market will turn around
      as companies realize they cannot hire all the
      fulltimers they need.
      Lets only hope that all the good
      people have not abandoned the staffing ship by

      With the stock erosion in this industry you would
      think buy offers would be knocking the doors down.

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