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SAIC, Inc. Message Board

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  • retiredexaon retiredexaon Oct 28, 2011 2:36 PM Flag

    SAIC Motor net profits surge 38.69 pct in first three quarters

    LOL good laugh, I think we have the wrong SAIC, the current crew cannot even manage holding onto backup data tapes in a car.

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    • I believe that we've had the wrong SAIC ever since Bob Beyster was forced out and the rush to public trading of the stock began. Admittedly, the SAIC business model that Bob put in place was extremely complex and perhaps only he could manage it successfully. He wasn't right in everthing that he tried (thank God we never acquired the Aerospace Corporation) but he was right far more often than not. The recent leadership(?) teams have been successful at nothing other than losing stockholder equity. They have had neither the skill or ability to take this company anywhere but down. I don't see the situation changing any time soon unless they present a very strong argument to investors. Lacking strong indicators of growth, initiating a quarterly dividend payout would be a good start to attracting investors. They certainly appear to have enough cash on hand to do that.