Got any colour on the "departure" of Greg Ewert? Rumor has it that he was forced out, due to disagreements with "Senior Management" on issues stemming from what has been reported to be on-going undisclosed "systemic product availability issues" pertaining to certain Iridium Maritime Broadband products that had been in distribution for a couple of years.
Well, it looks like that, as reported, rumored "systemic product availability issue" pertaining to certain Iridium Maritime Broadband products costs them the deactivation of a large "High ARPU" maritime customer last quarter...
But OpenPort, specifically, has -- in the fourth quarter, that was primarily, I think, and I think Tom sort of alluded to this, we had a block of deactivations from a specific fleet that -- well, actually it's from a block of ships anyway that we weren't really expecting at the time. It wasn't factored into our plans. So overall, our deactivations were up a bit last year than they had been in the past.
Looks like oldsatguy is once again out of the loop.
Re my post last night - not sure what in pcstel's use of my answer to a question in yesterday's earnings call that inspired me to post, but 1) I do read this board occasionally to pick up insight on investor questions and concerns and 2) I don't plan on using this as an interactive forum given the anonymous nature of the board. However, glad to interact with anyone here - including pcstel - at an investor conference, directly through our investors relations line, etc anytime. /Matt
Forced out? That's likely since his replacement starts next week. That doesn't happen unless you're fired. However, "systemic product availability issues" of OpenPort? What, he wanted more of them, the company wouldn't make them, so they fired the complainer? Sounds like a pretty weak theory. The rumor I heard is that he wasn't selling very well and the board thought they could do better. That makes more sense to me.
Thanks for your speculation, even though it was not specifically sought.
If you buy a car, and you go outside and it won't start, then I would consider that a "product availability issue". If all of your neighbors bought the same make model, and year, and they all won't start. Then I would consider that a "systemic product availability issue".