I would not be able to bring about a meeting on
the premise that Ray and the rest of the gang resign.
As we've discussed before, they are in for another
year, barring failure to introduce PKS etc by the end
of this year. However, the opportunity to discuss a
serious, well thought out plan with concerned investors is
a very credible basis for a meeting. Including a
major fund investor within our group would only add to
the interest we can generate. But first... we need
I've been doing some research into the recent
'exec' hires in Europe and Japan you mentioned. As you
correctly stated the new sales vp's come from Avant! and
Cadence. My sources tell me that indeed the european vp is
a bit of a loss to Avant! but this is far from the
case as far as the ex-Cadence exec in Japan is
My understanding is that in Japan product sales is
run by Innotech corporation, a very aggressive
technology sales rep company. The Cadence exec was a
figure-head who was in the process of being put out to grass.
In Japan you don't fire ineffective exec's, you
promote them to the corner office.
In summary a
net loss to Avant!, a net gain to Cadence and a wash
for Magma. Mind you, Japan is a more important
market, so on balance a net loss for Magma.
Everybody here seems to be preoccupied with some
other stock. Anyway, cadence is in the process of
hiring 400 people on top of it's existing workforce and
lots of new workstations were recently bought.
Well, it looks like there is a lot of
work coming in....
Whoops I was wrong. Its now $14. What was I
Shouldn't you be on the MENT board
talking about this stuff?
I think we have a good
chance to double our money on CDN in the next 6-9
You are correct in several
1) It's a very competitive business - but what
2) Cadence screwed themselves
financialy - they'd better get
their house in order for
"the street" to come back.
But most of the rest
of your postings are general hysteria - "quick, do
something, anything!!" If you have some constructive
suggestions (besides killing all management), please share
them. If you personally can't think of some strategy or
tactic for the mgmt. team to try, then stop just
shouting that the sky is falling. Unless you are part of
the mgmt. team, you probably aren't aware of things
that *are* being done and that you just haven't heard
about - yet. I know that there are efforts underway
inside the company to try to turn the situation around.
Management and most of engineering have stock options that
they're not too happy with the price of - I'm sure
they're not unaware of that and trying to correct it. So
please, wait to post until you have constructive ideas
rather than panicked rantings to "DO SOMETHING".
have the means to make happen such a meeting? You
mean, you can bring Ray to talks? No kidding?
And, do you mean to tell this board that, if "we" come
up with a decent plan (remember, any honest plan is
better than no plan), but which among other things calls
for the resignation of Ray, Shane and the rest of the
gang (w/o "parachute", possibly), the good ol' Ray
will say something like: "Geez, guys'n gals, I'm
amazed it didn't struck me, but now it seems like
obvious... so go ahead, I step aside, you have my
blessing"?!!! :-) :-)
But I have a better idea, N0Limits,
one that CAN be applied to practice: let's dig up the
details of that corporate investor in the Mid-West, who
invested their members' retirement funds... they surely
aren't very pleased with the situation, and we might be
able to "wake up" someone in charge there... if we
manage to do that, Ray et co are history, and the Street
will again give good marks to CDN. Eh? Any idea who
that investor is?
It seems to me that everyone on this
remembers what you said about MENT on
>MENT? No thanks
>Just based on what I know about
the product lines,
>I'd stay away from MENT -
its a classic $13 stock
sure that you've noticed the price change of
since you posted the above statement, in less than
weeks. As I'm writing this message, MENT is trying
with a good volume, while CDN is still in
Who should you listen to on this board? EDAvet or
Also remember that we're here for investment, not
technology and products.
New Gambler - gung ho you are but I cannot see
anything of substance in your reply that could form the
basis for a successful approach to Ray and the current
BOD. An articulated strategy starts with a checklist
of the top 10 objectives, a credible analysis of the
resources needed (human, financial, technical... etc.), and
clear milestones for measuring results. If we want to
talk about that, then perhaps we could develop
something of value that would elicit a meeting of the type