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Was Tier a topic of discussion at all?Did Jeff Reichard speak at all?What about Tier's facilities ... anyone get a look?I had hopes that Tier would be producing some (steady?) revenues for the company, but I don't remember it being mentioned much lately on this board or in company PR releases. How long should we wait till we decide whether this was a good use of company funds?
From the quarterly report:$266,107 increase in commercial product sales and revenuesThe increase in commercial product sales and revenues consisted of sales attributable to our Tier Electronics Power Conversion Systems business, which we acquired in January 2011Cost product sales: 156,671 Increase in selling, general, and administrative expenses of $599,268 due primarily to the inclusion of $280,000 related to Tier Electronics in the 2011 periodNot sure how to interpret that last item ...
Tier intangibles charge: $2 million for "trade secrets" amortized over 3 years so a charge of $200K/quarter through Jan 2014.Eric offered some interesting color on the call on what Tier will be focused on in the future including some intriguing potential with Cummins Crosspoint.
BTW, I'm not trying to say anything pro or con about the acquisition. I'm sure there are many benefits you can't see from the quarterly report, but I think it's fair to review what you can see.Every company is usually breathless about acquisitions, and like baseball trades and sports drafts in general, it takes a number of years to asses how they panned out.