Dave Bell will be gone in 24 months. He is not executing and the VP level staff is incapable of turning things around. Things are getting desperate as you can see by today's SEC filing. Short term bump in EPS followed by wilting revenue.
Personally I believe that Bell has maybe the next couple quarters to start showing progress or he is done, if he does not I believe that if the board does not take action they are a pack of fools and they don't deserve investor support.
Some of the acquisitions are dubious at best and the strategies to diffuse relative to the resources that were available, it is hard to execute under those circumstances. While the cuts affect the operating expenses short term, they will not be able to cut themselves into prosperity. My 2 cents.