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Echelon Corporation (ELON) Message Board

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  • johnmr12 johnmr12 Sep 15, 2009 1:20 PM Flag

    Another spurt in process!

    I would really like to hear you elaborate on that statement. What does "depth" in management mean? They don't have enough quality individuals in management or they don't have enough people in manaegement?

    What finances do they need to take the company to the "next level". Please respond so I can see if there are things that I am not seeing. They say love is blind, and that sometimes applies to stocks too. I want to be sure I am seeing clearly.

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    • In my opinion, the beauty of their model is that they create the technology and other people deliver it. There certainly is risk in leaving your fate in the hands of third parties but if the technology is solid enough, it should work. So I don't see Echelon needing to ramp up headcount in a hurry should business start flowing in. They'll need to hire for sure but I don't think its a case where they need to go from 500 employees to 5000 employees. If this is true, it could prove to be a huge strength because as business grows and they move past breakeven, if they don't have to go on a hiring spree, that is all money that falls to the bottom line.

      They may need to eventually hire a COO to help Ken out. But I have always believed that they haven't done that because succession issues arose when Bea died. She was the clear next choice to be CEO when Ken retired and I think with her gone, they probably have a handful of people who have been their for years who believe they are qualified to step up. Not naming anyone was easier than creating issues among the execs. Obviously all this is just my opinion, so I could be completely wrong on all of it.

 
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