Management is destroying shareholders value by spending money in research which is not adding value. All share holders should unite and compell management to stop spending valuable resources in research which is not adding value. TLAB made 70.9 MM$ cash (before taxes) in last quarter. It has 1177 MM$ in cash net of all liabilities. If we stop research we will have 2311 MM$ in 4 years thats $6/sh value
If we stop R&D, then TLAB has no tomorrow. The best we can hope and pray is this current heavy R&D will turn into some good products portfolio and then drive up revenues. Management has run out the time and trust we have given them. If it fail again, they might just liquidate it. We are trading at lower than BV and slightly lower than tangible assets value. Put it this way, market is pricing TLAB at liquidation value.
Go TLAB, Go Pullen and Go BIRCK. Give you best and final shot.
I am all for research that creates share holder value. These morons have been wasting money in the name of research and destroying share holder value. Definition of dumb is keep doing the same thing over and over again and expect different results. These guys had their chance. Now the company needs to go to difft management. I emailed to the Investor Relation Guy regarding this. The moron did not have even curtsey to reply me. Time for a change