What specifically did he lie about. I think his plan all along was to bring in different industries to hedge the revenue stream against the telecom industry and it seems like he has done that (maybe not a fast or as wide as we would have liked, but it is a start). At one point I think ATT and T-Mobile where about 80% of their revenue and I think it is much less now as they brought on Comcast, etc. I think their strategy should be to focus on smaller mid sized companies where they have that partnership relationship rather than trying to focus on the big companies where the business is a price drive transaction based process and they can lose a large amount of revenue when an ATT type decides to cut. Thoughts?
Not very positive! Who says "I've got good news and bad news"? Should have stated "we have made progress in light of a decrease in area A. Our plan of diversifying over the last few years is paying off as we continue to increase in other verticals to offset what we knew was coming with area A." etc. etc. I wonder if the revolving credit line is to help pay salaries in light of lost revenue so layoffs can be put off for a short time... Thoughts?