Has any of you noticed that on Apr 25th, AP posted a blog saying that George Apostol, VP of Engineering, will be leaving QuickLogic? He was just recently hired to fix QUIK's operational issues. I'm not sure about you, but I'm getting less and less confident about QUIK's future...
QUIK stock appears to be taking the news about George Apostol leaving QUIK for Samsung in its' stride. Mr. Market says its a non-event. QUIK is currently at 2.46, up +0.6 and +2.50% for the day.. High for today is 2.51. QUIK stock is acting very nicely. Those investors who still have not bought any QUIK have only 2 1/2 trading days left to buy before the 1st Qtr conference call this Wed, May 1. If the news is good on the cc, especially regarding a positive forward outlook, I believe the stock will continue to move higher in price. I believe the "train is leaving the station" bound for points North.
I had the same thought, but then again, I think it is more wishful thinking. Bottom line the guy will leave on May 3rd. After a few 6 months of working at QUIK. I hope this is not going to be their next excuse. If it is, I will turn the page on this investment..
At 1st look, it is not great news. But, there may be a silver lining. Look where he went - Samsung. He likely got their attention while marketing QUIK products to them. Perhaps he succeeded or will continue to push QUIK to Samsung. So, this might actually give QUIK a bigger foot in Samsung's door.