Accelrys Inc. Message Board
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Redundancy rumours?
I'm hearing some rumours about redundancies. Can anyone confirm or deny this?
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Impressive story, but the ACCL management team has been painting a rosy picture for years that has not materialized. Ive heard that InforSense is eating their lunch.
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Loads more staff have certainly gone (around 30 I hear). No matter how many staff he has Emjker will never make a profit here and it is time, after 5 years that he went.
- 1 Reply to atc558
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Couldn't agree more. And have said so on these boards before.
5 years to milk the modeling cash cow and build a new direction. But it's all been wasted time. It's a crime. And now it's too late.
Fire the execs. Fire the board. Sell off modeling, take the proceeds and cash in the bank and give it back to the shareholders.
Problem solved!
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I heard the same rumors - from the horses mouth in fact. The VP of R&D is gone... Or so I heard.
Guess people wouldn't put up with him anymore- 1 Reply to xelrys
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About time,wont you agree?
A business with $80 million in revenues ,unable to earn profits in years means only one thing: too many employees, far too many unjustified costs. IMHO, a SOFTWARE business with this kind of revenues should be making $15 million/year in EBITDA. If you do not believe me just check Computer Modelling Group on the TSX. Similar business ( modeling software), serves one industry and the market has limited growth potential. They sell much less, have fewer employees, make tonnes of money and pay a dividend!!Now... do not get me wrong. CGM's stock is not much better in as much as it trades by invitation only and the dividend seems to indicate that management has run out of profitable projects to invest in but, the comparison is one that cannot help but make one think!
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