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Mindspeed Technologies, AŞ Message Board

  • kdp.quailhill kdp.quailhill Nov 7, 2013 12:37 AM Flag

    Conexant ( CNXT ) and Mindspeed ( MSPD )

    Are evil twin............I am glad they can no longer cheat anyone,

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    • Sure it's Halim's fault but the board did nothing. All you have to do is to compare the board members of Conexant and mindspeed and you will see that Dwight Decker was at the helm of both companies. Conexant spun off from Rockwell with no debt and lots of assets and cash. In order to chase after market valuation, they planned to spin mindspeed until market crash postponed the spin but for years, mindspeed and Conexant, operated with 2 ceo, 2 cfo, and 2 of everything under one company; Conexant forgave all the intercompany and finally mindspeed spun off and years later they are being sold for the same price as they ipo'd while Conexant is worthless and sold to a private company. But all you have to do is look at the salaries they were paying themselves while still being a dog performer each quarter. sounds like a board fiduciary responsibility issue.