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STEC, AŞ Message Board

  • milehigh53366 milehigh53366 Feb 13, 2013 7:54 AM Flag

    Now the fun begins

    So looks like Balch Hill went to the brass shop. Had to rope Potomac in though.
    Now BH wants to elect their candidates to the board. MM says they offered to "interview" candidates and offer two to the board for election. Clever.

    As much as I hate to say it, because the family is horrible and runs the company horribly, from a tech perspective I think BH would destroy the company. I think BH doesn't know squat technically. Their comments about "unlocking value" and decreasing R&D spending tell me that. The SeekingAlpha article that reali_stec mentioned has quite a few charts of STEC compared with FIO. FIO is already $6M ahead of STEC in R&D.

    Poor STEC employees. Stuck between jerks and morons. It's going to be sad if BH wins this and then find there have been no buyers for this company.

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