<<Hey, Cash, I remember you from over a year ago! You were the guy we caught in a blatant lie>>
Did I lie? Two years ago I warned about cutting R&D that could cause future problem. Being an electronic design engineer, I could picture API with future manufacturing problems. Here is my post from 2 years ago
Re: R&D by: cash_is_king_now Long-Term Sentiment: Strong Sell 12/06/03 12:34 am Msg: 17512 of 26625
Obviously you're not an engineer or know about engineering, research and development, budgeting and so many other things that it takes to do a simple design. If you get that part then you need to understand what it takes to be a high tech company and then more harder to design for medical and military. This is from API 10Q that turns off anyone in this business. "Research and development costs decreased by $64,000 (44%) to $80,000 in Q2 04 as compared to Q2 03, and by $129,000 (45%) year to date. The decrease in R&D costs continues to be due to the Company's execution of its plan to restructure the R&D department, with the focus being placed on those projects which offer higher commercial potential."
So, no R&D, no design for medical or military that brings more money. How long can API continue selling those old electronic parts, which will become obsolete in near future?