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Edgewater Technology Inc. Message Board

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  • onperm onperm Sep 1, 2005 5:52 PM Flag

    Buying

    That's true. However, just like the rest of that industry at the time, they were buying too much too fast and everyone in town was lending them money. When the stock fell the banks started calling in the loans. Next.the problem with dealing with the owners was that STAF never asked them to put on paper how they planned this projected growth. It's very difficult to buy a private company and expect the owner of that company to operate in a corporate environment. That's why they started their own business. All of a sudden their now working for someone else's dream and they don't like what they see. Clete was ill advised.

 
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