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Fortinet Inc. Message Board

  • arodnofraud arodnofraud Dec 1, 2013 12:04 PM Flag

    Where's Carl Icahn when you need him?

    If ever there was a management team who's incompetence would call for a corporate raider, this is it.

    Time for the Xie's to go. There, I have said it. For too long now they have destroyed shareholder value. Sure they are super smart technically but when it comes to running or growing a company, their incompetence knows no bounds.

    The analysts covering this stock need to grow a set of balls and call the Xie's out on their multi-year shareholder value destruction.

    Enough is enough. It is time for us, the shareholders to rose up and DEMAND accountability.

    Let the shareholder revolt begin.

    Sentiment: Hold

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    • Agreed, As a longer term shareholder and one of size I'd like to see some changes from the top down here. Destruction of shareholder value as Ken and Michael Xies own fortunes. They seem to have lost near $58 million on Friday let alone having their company miss a huge market run over the past few years. They of course hold the wild card here and that is the ability to make a call and simply sell to ORCL, IBM, HP or countless others that are willing.

      Great technology but not run to increase shareholder wealth or their own, which is weird. I think Rubaie took the job expecting to have the company bought by the end of the year and never intended to stay long term. Oh well, time to right the ship from the top down starting Monday. Find a much better MARKETING head, great coo, and top notch cfo, there's a bunch available. And sprinkle around some year end employee Christmas bonuses to keep them happy or make them happier.

      But at $17 its an easy pick to make outsized returns, just don't expect them to start rolling in Monday. Still expect a buyout maybe just not by end of year.

      Sentiment: Buy

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