Who cares that PM won 10.5M from Pall. Pall has
sued other companies and won much more than that.
Things like this happen in business every day. Companies
are always suing others. Lots of companies are suing
Intel,Microsoft,Pfizer,Abbot and many others. Does it mean they are better
than those companies? No. They just have a wide range
of products and it is easier for a small company who
focuses on a few major products to sue them. That is the
case with PM. They have a small sales base that is
currently not growing very fast. So they focus on suing
Pall. Pall does not care. Pall has sales over a Billion
dollars a year. That 10.5 Million is just a tax writeoff
for Pall. Pall is the world leader in Filtration.
That is a fact.
Market surges ahead - Pall continues to drop - No
surprise! Unless there is a reshuffling and removal of the
Senior Mangement team, Wall Street will have little
confidence in the idiots that richly reward themselves for
No organization (Corporate
or Sports Team) would tolerate the continuing
failure of those in charge. Only Pall accepts to put up
with unfocused and unaggressive leaders. Pressure and
remove Krasnoff & Company. Bring Pall back to
prosperity! Begin the Executive Search for outside Managers
now --- better late than never.
is a pure textbook example on how NOT to manage and
an example of how to destroy a "good thing". Why
can't the Board of directors learn --- when it's broke,
fix it! When it's sick, get the right medicine to
cure its ills!
Another fiscal yr ... Another disappointment yr
... Looking bcak the several yrs and I am glad that I
have been out of this muddy investment sooner.
PLL could achieve so much in the 80 and early 90's ?
Well Technology innovations by Dr. Pall. Can Pll do it
again ? The answer is Nop. Several simple reasons for
you to think about.
1) No R&D brains in this
company, or messy management of R&D. The new chief R&D is
a dreamer of his glorious yrs to follow Dr. Pall.
Remember it's yr 2000 !!! Also, Good brainers keep leaving
or looking for 'exits'.
2) Eric and his team has
never achieved their 'goals', or he never knows what he
has said to the investment community. As I remember
his days as he was senior mamagement, he was a good
talker but never remembered what he has said yesterday.
Constant changing minds and directions is sort of his as
well as his management team style.
3) A group of
'kissers' that he picked during Krasnoff Sr. in charg and
his past yrs surround and support him. As a manager,
Eric has no trails of his dad Mr. Krasnoff Sr.
Filters are comodity market, even Pll's golden egg -
blood filters. PLL has to drop price to compete. As a
fact it has been over 10 yrs and many players (US and
Japanese companies) can sell similar even better blood
product in a much cheaper prices.
5) A demoralized
working place. Pll last qt performance is based on
'lay-off', not their sales out-performance. If Eric is going
to keep his job he has to cut the company's pay roll
again. But non-innovations kills this once great
company. A non-competitive management is the problem to
cause this company to ruin.
It's time to have a
new team, from outside would be the best. Until this
happens, the investors will be the loser.
I cannot speak for the industry, but I have owned
PLL for about fifteen years and the last five have
been about as stagnant as a pool of water in a swamp.
I also owned MIL at one time and got so frustrated
with it that I sold it out only to watch it double in
twelve months after I sold it. When I first bought this
stock, there was some excitement associated with the
company and the stock was a mover and shaker in the
market. In the last five years, it has lost its way and
whatever competitive fire the coporation had in its belly
has long since gone out. I have been slowly exiting
the stock and am still nostalgically hoping that
something will happen which will put it back on track.
While it is true that companies sue each other
somewhat frequently in this business environment, it is
usually regarding honest differences of opinion (such as
patent infringement issues). In the case of Porous Media
vs. Pall, Pall intentionally deceived a large portion
of the market place with lies and tried to
intentionally harm Porous Media. THAT IS NOT COMMON. It is
unethical and unAmerican. I suppose you think politicians
lies are OK also. What kind of society is this turning
into. Porous Media is holding its competitor to the
high business standards that it pretends to
Just for the record - as everyone surely knows -
Patrick Oliver Dahl is none other than Porous Media
co-owner Patrick Spearman. Listen up Spearman - you're a
putz! I've seen you squirm like a pig in the
courtroom....so you won 10M bucks...big freakin' whoop. A drop in
the bucket for Pall. I loved the way you, your smug
brothers, wives, and other female personnel would show up
in court just to smile and wave at the "Fargo"-like
jury.... what a pathetic bunch of losers.
september 1999 investors news letter. has pll
as"HIGH QUALITY STOCk" witch is rank 5 star,and is "A"
rated.they have $1.20 for next year earnings. news!!! canada
starts mandatory blood fitration. news!!! uk. to start
implementing a filtration program!