Thanks for the heads up on Click's collaboration with SalesForce and the new Ap. That is a big, high profile partner and a crack in the door into thousands of potential SalesForce customers. It is also a solid step forward in their Cloud initiative.
I presume the SalesForce customer did not authorize a Click press release but OKed mentioning it in a blog.
Both Click's current share price and the lack of updraft in response to the SalesForce news illustrates how far the tide has gone out in investor confidence.
One factor eroding investor confidence is the proxy proposals PAJacobsen outlined:
a). Moshe lining up to serve as CEO and Chairman until age 68. It is unquestionably the wrong age to try to serve as CEO and lead spokesman for a cutting edge mobility company.
b). Another 90,000 options dropping in Moshe's pocket rather than being issued to front line Click leaders.
c). A new compensation proposal that, along with stuffed full of plodding, stifling and deadly dull HR lingo, informs the Click team on page 15 Moshe can only earn 25 times more than the average compensation for Click's professional in Israel. Like the 90,000 options proposal... it sends a corrosive message to the team: "The CEO is 25 times more important than you."
I will vote against all three proposals. Unfortunately so many investors, especially institutional investors, simply "rubber-stamp" proxies the chance of derailing these three corrosive ideas is slim.
Congratulations to the front line Click leaders who put together the SalesForce initiative. That would be a good place to start in an intelligent distribution of those 90,000 options.