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InvenSense, Inc. Message Board

  • moniventure moniventure Aug 25, 2014 7:26 PM Flag

    New CFO

    Is there any concern on the departure of current CFO?

    Sentiment: Buy

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    • I'm always concerned when someone that high up unexpectedly leaves........especially when the future looks so good. But, it has happened before with this company and it's actually been for the better. I'm still long and holding my base shares and my trading shares.

    • Clear upgrade. I'm hoping perceived disruption provides another opportunity for another purchase.

    • My only concern is that it's a distraction for senior management when they need to focus.

    • Dentinger was CFO of BEA when BEA was acquired by Oracle for $8.5 billion in '08. BEA revenues at the time were $1.5 billion. The scale and nature of that deal would align pretty closely with the likely outcome for INVN over the next 2-3 years. Dentinger is a top-tier CFO, better suited for the next stage of Invensense's growth than Alan Krock.

      • 1 Reply to river_st
      • I hope this view of Dentinger being a better CFO for the future based on larger company scale is accurate because Krock was no slouch. He had been CFO at five or six tech companies and he was a Cal Berkley smart guy, so I think the transition is an odd one that is not easily explainable given INVN might be making some big announcements soon and it is odd to see an officer depart a hot company. That said, his salary was not that high notwithstanding his status as second highest salary at INVN and maybe he got a good offer from somewhere else. Or maybe he was tired of stock and option restrictions as officers and wants to cash in on his $5m of related value that he can sell after 90 days.

        One odd note I found in looking into this issue a bit is that Krock has not been accumulating shares over the past few years as his insider transaction history shows a regular pattern of exercising 25,000 share option packages that are immediately sold the next day -- not a pattern where he exercises and keeps a post tax obligation segment that he wants to hold long term for LTCGs. Nope he has been exercising and selling all option award share count.

    • Not really.the new man has great credentials and the company speaks for itself so ........buy,buy,buy !!!!!!!!!!!!

      Sentiment: Strong Buy

 
INVN
7.53-0.08(-1.05%)Sep 23 4:02 PMEDT