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Vertex Pharmaceuticals Incorporated Message Board

aurorainsider 728 posts  |  Last Activity: Mar 4, 2015 8:14 PM Member since: May 8, 1998
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  • aurorainsider by aurorainsider Mar 4, 2015 8:14 PM Flag

    So Google has announced their increased presence in the wireless space. Since it now appears that they will be trying to push specific technologies to enhance coverage, and not just function as a reseller, I wonder if it is a conflict of interest to have their executive sitting on Westell' s board?? I guess it would look awfully strange if Google were to adopt a competitive technology while their guy sits on the WSTL board. Of course it is also entirely possible that Westell factors into the Google solution and gains market share. Well one can always dream!

  • Reply to

    Selling abated

    by zoomoccu Feb 20, 2015 12:37 PM
    aurorainsider aurorainsider Feb 23, 2015 7:05 AM Flag

    True, the next 6 months of product introductions have been in the makings under Gilbert. However the reaction by the Street will be reactive to new management. Gilbert just had no clue in dealing with the investment community. He came off as defensive and timid.

    Typically acquisitions are met with synergistic savings through headcount and operations consolidation. Gilbert only took this move as a reactive measure post last quarter's earnings. Then you have the lack of international business expansion. Gilbert touted the Kentrox acquisition for its international footprint to help grow the business yet there was no real effort to pull through any products until his recently announced " real wake up call" about N. American dependence?! That's leadership or lack there of. Westell has the products and footprint to grow but needs good execution to get there. The new leader will be judged on that execution.

  • Reply to

    Selling abated

    by zoomoccu Feb 20, 2015 12:37 PM
    aurorainsider aurorainsider Feb 20, 2015 3:00 PM Flag

    I actually met him once. I should have gone with my gut reaction. He was not very impressive to say the least. He was not very polished and had little to no presence. CEOs do matter!!!!

  • Reply to

    insider buy

    by johndhope2003 Feb 18, 2015 10:28 AM
    aurorainsider aurorainsider Feb 20, 2015 6:44 AM Flag

    OK. Now your talking. First Goodrich, now Gruenwald. Who is next? C'mon Minichielo, Shafer, Bandukwala. This sure beats those Gilberts timed sales.

  • Reply to

    insider buy

    by johndhope2003 Feb 18, 2015 10:28 AM
    aurorainsider aurorainsider Feb 18, 2015 7:48 PM Flag

    That was from Scott Goodrich (CSI). Perhaps the new CEO is twisting his staff's arms to buy on the open market? Its about time

  • aurorainsider by aurorainsider Feb 12, 2015 8:08 AM Flag

    I am relieved that the board finally came to it's senses. It was most painful to listen to Gilbert's dismissive style over the last 3-4 conference calls. This last quarterly call was a joke. To say that their dependence on north America was a "wake up call" just showed his naivety in dealing with the investment community. If he wasn't coming off as a strong leader over the phone in an event that you plan for, one can only imagine how he was in his day to day leadership effectiveness. I noticed an immediate difference in the style and tone of the call with the new leader. He displayed a much better understanding of investor needs and is willing to show it. Now we will have a CEO who is actually willing to buy shares of stock in the open market instead of repeatedly selling them. I think that we will all see how a quarterly call should be run when the company reports earnings in May. This should initiate renewed confidence and interest in the stock.

  • aurorainsider by aurorainsider Oct 30, 2014 10:32 PM Flag

    The company now has $73 million in tangible net worth or $1.22/share. So with a market cap of about $85 mil., that means that the current Street valuation on the operating segments is just $12 mil or 12 cents for each dollar of sales. Does anyone believe that both the IBW and CSG segments would only fetch $12 mil if put up for sale?? I guess all rational thought is thrown out the window in the wake of emotional disappointment.

    I'll be off the board until Q4 since there is no real reason to post sans an executive change. There really is nothing more to say. Good luck longs. Until 2015.

  • Reply to

    George Soros and WSTL?

    by raw10000000 Oct 30, 2014 6:17 PM
    aurorainsider aurorainsider Oct 30, 2014 6:46 PM Flag

    The information is about as flawed as the fact reported that Westell beat by a penny. Don't pay any attention to it.

  • Reply to

    Observations

    by zoomoccu Oct 30, 2014 12:40 PM
    aurorainsider aurorainsider Oct 30, 2014 2:06 PM Flag

    Additional observation: someone just put a 200k share order in at $1.42. Funny. Value poachers have arrived. Also, the volume is somewhat muted with only 2 hours left in comparison to other earnings disappointments. Heck, we did almost 1.6 mil shares following Q1. Perhaps sellers are beginning to dry up?

  • Reply to

    Observations

    by zoomoccu Oct 30, 2014 12:40 PM
    aurorainsider aurorainsider Oct 30, 2014 1:21 PM Flag

    I agree with your observations about Gilbert. He still seems utterly lost when trying to discuss Kentrox. I do however believe that CSI will be just fine. Also, I do not see Cove Street adding any money here. They have quite a bit of negative exposure here, so I would be shocked if they added. I do however see them putting some pressure on the board. Go on their website and read the article that is posted about "unintended consequences" and you will see why I say this.

    Additional observations:
    Enterprise value is now below what they just paid for CSI a few months ago. Some valuation disconnect
    The GAAP losses are not having a material impact on the cash position.
    No real international traction for other products since they bought Kentrox, why not?

  • Reply to

    There you have it - Google the rest

    by kl3_xx Oct 29, 2014 4:16 PM
    aurorainsider aurorainsider Oct 30, 2014 9:28 AM Flag

    We will see how forward looking the market really is with this segment. We saw a downturn in this sector 5 last Spring/early summer. If the Capex does return, you would think the market should start reflecting it soon as expectations begin to ramp back up. Now for the call .

  • Reply to

    Tops Q2 EPS by 1c

    by ugecan99 Oct 30, 2014 8:49 AM
    aurorainsider aurorainsider Oct 30, 2014 9:10 AM Flag

    You might want to remove this post. GAAP estimate was for (.04) and non GAAP was for (0). They missed by 3 cents on both estimates. The Google finance feeds that you must be using are often wrong

    Again, I think the Street was expecting this report. I saw Bof A downgraded Commscope yesterday.

  • Reply to

    Predictions on earnings today?

    by ohjim1221 Oct 29, 2014 1:18 PM
    aurorainsider aurorainsider Oct 29, 2014 7:15 PM Flag

    I think they give him until mid way through Q4. Provided carrier spending comes back, the board will assess progress on DAS growth and ISM sales. Should these two items not both be healthy, then I think they sack him before the Q4 call in May. That is if he foes not "retire" before.

  • Reply to

    Predictions on earnings today?

    by ohjim1221 Oct 29, 2014 1:18 PM
    aurorainsider aurorainsider Oct 29, 2014 5:55 PM Flag

    Stefan. I have to admit that I am very disappointed and I have to give credit to the bashers here. They called this one correctly. However, based on the muted exodus and price move after hours, it tells me that the earnings miss most likely was not unexpected by the Street. Just unexpected by some of us longs. None the less, this is dead money until next May with the Q4 earnings call given the fact that Q3 is all but written off by management's statements.

    Speaking of write offs. This impairment charge of 10 mil towards Kentrox at least gets this issue out of the way once and for all. Again it looks like I have to admit that all of the WTT posters that lamented the "icorp" acquisition were spot on. It is quite fascinating to see the impairment charge while the CEO is giving mixed given comments towards "progress" with ISM.

    The lone positive is the fact that the loss of .08 sans the impairment charge did not eat into an operational cash as the cash position moved up to $0.80/share. I hope that Jeffrey Bronchick is on the call tomorrow to provide some well needed badgering to management. He has 6 million reasons to be on the call.

  • Reply to

    Predictions on earnings today?

    by ohjim1221 Oct 29, 2014 1:18 PM
    aurorainsider aurorainsider Oct 29, 2014 2:28 PM Flag

    Last quarter saw lower TMA sales due to previous Q pull through. So you would expect that TMA numbers are a tiny bit better. The " 4 small order" comment from Gilbert leads me to think that we will see an ever so slight rise in ISM sales as well. Assuming DAS remained constant then I think we see 14.5 from DASIBW and 15.5 from CSG for a 30 total. GAAP (.02). Non GAAP .02

  • aurorainsider by aurorainsider Oct 24, 2014 7:09 PM Flag

    A bit of short covering going into earnings with the latest short interest stats going down. Based on the trade volume, no one is taking any new positions prior to earnings. Selling at $0.45 per dollar of revenues, any decent uptick in revenues should bring a nice uptick in price and volume. Hard to imagine much downside from this price point but I guess anything is possible with Gilbert's historical lack of transparency on future revenues. However, You have to think that if numbers were bad and/or guidance was bad, Gilbert's job would be at risk and the board would not have allowed him to choose the VP of sales.

  • Reply to

    T , Telstra and Capex

    by aurorainsider Oct 23, 2014 10:48 AM
    aurorainsider aurorainsider Oct 23, 2014 1:21 PM Flag

    Fat... You make some good points. Eventually the spend cycle for Kentrox will return. So you are right, mgmnt. needs to articulate the strategy for calendar year 2015 in maximizing cross selling opportunities. One of the key benefits discussed with the Kentrox acquisition was the international footprint. So what is the progress to date? What is the strategy going forward? You have DAS, TMA, enclosures that all must see some exUS penetration. Gilbert indicated difficulties in uptake outside of US through direct sales. O'K then, what has mgmnt done to engage distributors? What is the plan going forward? What is mngmt doing to squeeze costs out of the company? How much longer will we see the R&D spend outpace the industry by 2X? What is the tangible result of this high spend?

    These are the types of discussion points that need to be addressed.

  • Reply to

    T , Telstra and Capex

    by aurorainsider Oct 23, 2014 10:48 AM
    aurorainsider aurorainsider Oct 23, 2014 11:17 AM Flag

    Stefan...what is your agenda?? You obviously don't believe in the company by your posts. So why do you post here? Do you even own Westell stock? Are you trying to perform a public service? When I did not believe in a company's long term investment prospects, I move on. But for some reason you continue to post here?? What are your thoughts on the products, the market opportunity, the acquisition targets? While I have made no secret of my displeasure of Gilbert, it is far to easy to bash management without doing homework on the opportunity.

  • Reply to

    T , Telstra and Capex

    by aurorainsider Oct 23, 2014 10:48 AM
    aurorainsider aurorainsider Oct 23, 2014 11:06 AM Flag

    Posted just yesterday regarding Australian situation:

    NBN Co CEO Bill Morrow is still optimistic that the company will wrap up negotiations with Telstra over access to its copper lines for fibre to the node before the end of 2014.

    "The talks with Telstra are on the home stretch and things are in good shape with Optus," Morrow told journalists in a results call with journalists on Thursday.

    "Quite obviously, any deal needs to be ratified by the government and needs to receive the seal of approval from the ACCC. I'm confident this is going to proceed in a reasonable time frame."

    The renegotiations of the AU$11 billion deal with Telstra to allow NBN Co to instead access Telstra's copper lines and hybrid fibre-coaxial (HFC) network as part of NBN Co's new multi-technology mix model that moves away from fibre to the premises was originally expected to be finished by the middle of 2014. Telstra CEO David Thodey recently reportedly said that the negotiations could extend beyond this year, but Morrow said it is likely to be finished before then.

    "I don't think this is an issue that extends into next year. The issues we're dealing with right now are more language oriented than they are in terms of materiality," he said.

  • aurorainsider by aurorainsider Oct 23, 2014 10:48 AM Flag

    T spent $5.2 bil. in Q3 and confirmed the full year spend of $21 +/-. So, yes the Capex should not be used as any excuse.

    There has been some interesting developments in Australia. As many of you know, the Australian government created an aggressive broadband rollout under the NBN heading in 2011. It was in 2011 that its main supplier TelstraTelstra negotiated the multi year agreement to build the network. It was also at this time that Kentrox was awarded a fairly nice contract as well. Last December, the newly elected government commissioned a study to examine the NBN rollout andheaded by Michael Vertigan. The Vertigan report as it has been named just was released this month. While it identified major changes to the planned rollout, there has not been a political appetite to changechange course of the NBN rollout. Instead there is ongoing discussions with Telstra to renegotiate the term of the contract. Why am I telling you all this. Well as this Vertigan report was completed and the politicians have decided to move forward with the NBN rollout, Westell should begin seeing a ramp up in this business again. It may take Telstra until early 2015 to sort out its terms, but the huge delays in the project look to be coming to an end. And this is good news for Westell ISM

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