The company is fortunate that Jim Diller is still there to step in and take them through tough times.
He has a long term relationship with the company that spans well over a decade.He understands the business better than most that work there.
He is the best and he is pure in his pursuit of results and excellence.
If anyone can bring respect back to this company and in a short period of time it is Jim.
He will do what is best for the company and the shareholders.
While Diller sounded straighforward it is clear that he has no interest in rolling up his sleeves. His well-paid mission appears to be "find someone who can fix this thing". Twice in the call he indicated no restructuring changes ...yet. Sounds like whoever they hire will be fully tasked with that job. They need to find a younger high energy higher tech leader than the current managers. It is a Herculean task to bring Intersil back to health and prosperity. I'm not sure anyone can do it.
I worked with Jim for many years. He is the best CEO and board member I ever worked for.
The company is very fortunate Jim still there.
His experience spans from the early days at Transitron to National, to PMC Sierra, Elantec and Intersil.
He will make a huge impact in a short period of time.
All action, no #$%$.
Watch this stock fly again!