I have watched OIIM for a long time. They are struggling to stay relevant and not shrink further, but they are failing. Frankly, the board of directors of this company seems negligent in their fiduciary duties. Further, Sterling treats this company like its his own private company, not like a public company owned by shareholders, and that is a sad dereliction of any CEO's duties, and make Sterling just another in a long line of failing Engineer/CEO/Founders who don't know how to step aside and let real professional management manage the company. What a bunch of serious losers running this once promising company into the ground by pursuing random side businesses and litigation against customers, instead of pursuing world class analog power management innovation. Sickening!!
While an aggressive buyback would be fine given the stock trades for below cash in the bank, the action I was thinking is that Sterling needs to step aside to let a professional manager run this company, and the board needs to replace itself in favor of members who will actually provide badly needed oversight to this company. It is time for Sterling to go!!