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SAIC, Inc. Message Board

  • watersfall9999 watersfall9999 Jan 11, 2013 6:08 AM Flag

    Tough business environment

    Stock price is doing well in the new year on split hype..BUT..Panetta says Pentagon will begin freezing hiring and delaying contracts to prepare for drastic budget cuts if Congress can't reach an agreement on a final spending plan, Hagel will be leading hatchet man next year as he takes over. Contracts that are left will be bid down to bare bone margin(s) due to competition and re-competes. No question the backlog will be stressed. Tough times ahead. Vultures are swirling around this company with no long term leadership. A 67 year old man named "Jumper" with no business experience and who had to be given an exemption from the BOD on mandatory retirement is the top dog. No new exciting products or services in sight to foster growth in a me-too follow along environment.

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