It's not the stock. It's the management. They've been incapable of seeing themselves as the problem. Lunsford said as much in his statement. Is he any different than the other long-time members of his team?
Lunsford stated in the conference call that it was the largest company he had ever ran.Its obvious that he had reached a brick wall.A new ceo and fresh blood and inspiration are needed.
"I'm also announcing today that we've engaged an executive search firm to find a successor to me as CEO of Limelight. At almost $200 million of revenue scale, Limelight is the largest company I've ever run, and I believe the right thing to do given the massive opportunities before us and the richness of our digital presence management and delivery suite, is to recruit a CEO who has scaled businesses from $200 million to $500 million and beyond."