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ClickSoftware Technologie (CKSW) Message Board

fujigrower 4 posts  |  Last Activity: May 19, 2015 6:15 PM Member since: Jul 11, 1998
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    by caminocasa07 May 19, 2015 9:58 AM
    fujigrower fujigrower May 19, 2015 6:15 PM Flag


    I agree with you on the dividend... whether it is one time, annually or quarterly.

    BSquare will soon be sitting on $30+ million in shareholder cash earning next-to-nothing in money market accounts. They might as well bury it under a rock. Shareholders deploying that cash themselves can do far better.

    BSquare's alternative is to go out on a shopping trip for acquisitions. The company has been there, done that. Remember TestQuest? Oops. Or how MCP Data was going to help Engineering Services revenues and margins to climb? Instead both acquisitions took the leadership team's eye off the ball for its core business and customers, including Ford and Coca Cola.

    BSquare might need $8 to $10 million for operating capital. They might keep another $5 to $10 million available in case a small, tuck in acquisition opportunity appears. Hoarding cash above that level is foolish. Give it back to shareholders. As you correctly point out, paying a dividend will also attract new investors.

    It is noteworthy that in its 15+ years as a publicly traded company BSquare has never returned a dime to its shareholders.

    Good luck to everyone.


  • Jerry Chase has indeed done a stellar job leading the BSquare turnaround. He is the same competent, intelligent and thoughtful leader who Bernhard insisted was the core problem at Lantronix.

    "I admit I made a mistake," can be tough for anyone to admit, including large shareholders. Bernhard's crusade and $5+ million internal investigation was launched with LTRX shares trading around $4. It proved to be a massive train wreck for Lantronix... and every one of its shareholders.

    It would be easy for Bernhard to get impatient (again) and repeat his error. Kurt Bush, like Chase, is a thoughtful, intelligent and competent CEO. He has done an outstanding job stabilizing and gradually rebuilding the staff from the smoldering ashes remaining after Bernhard's scorched earth campaign. The second phase, generating revenue growth and profitability, is taking longer than expected. That doesn't mean it won't happen. And switching CEO's (again) won't speed anything up.

    Lantronix, in my opinion, is simply too small to be a publicly traded company. The additional costs and distraction factor is too high... and has been for 15+ years now. Wrapping the company under the umbrella of a larger company would give the staff more stability, R&D more financial resources and the marketing team more credibility as a vendor who is sure to be around if its products are included in a design.

    Good luck to everyone.


  • fujigrower by fujigrower May 3, 2015 5:10 PM Flag

    Attunity's Q1 YOY comparisons are in the "wow" category. 47% YOY revenue growth and 60% license growth are numbers most tech companies (and their investors) can only dream of.

    Based on their remarks and tone in the cc, Attunity leaders seem confident they have the products, pipeline, sales team and market opportunity in place to continue delivering impressive YOY growth in Q2 and 2015.

    While Attunity's aggressive sales & marketing ramp along with acquisition costs are eroding margins in the short run, on the Q4 and Appfluent acquisition conference calls Shimon and Dror shared their believe margins will steadily improve going forward.

    In our unfolding digital world speed is everything... and no-one knows this better than Amazon. The fact Amazon is partnering with and using Attunity solutions is a very positive indicator.

    These factors make it understandable why Roth's Richard Baldry just raised his Attunity price target to $18.

    Good luck to everyone.


  • fujigrower by fujigrower Apr 30, 2015 4:25 PM Flag

    Congrats to the Click team and investors on a very healthy $12.65 exit.

    As a enthusiastic Click fan and investor for over a decade, our dream was seeing the share price climb into double digits (and in truth... continuing to climb). Relative to the $7 - $9 trading range over the last severals years, this is a very nice exit. That is especially true given without the acquisition Wall Street would likely punish the upcoming $26-$27 million Q1 severely.

    After being disappointed with Click's option distributions and CEO transition (or the lack thereof), I sold the last of my CKSW shares last year. No regrets. The run from $2 to $10 was fun, entertaining and one of the best investments I ever made. I sincerely appreciate Click's team and leaders, including Moshe, Hannan and Shmuel, for their achievement and persistence in making this long term turnaround successful.

    If there is one regret, it would have been nice if the acquirer was an Israeli company or fund so key decisions were still made in Israel. Even better if Click had been able to develop a "wow" next generation CEO internally and continue as an independent company. Life is never perfect : )

    Thanks also to everyone who contributed their ideas, evaluations, complaints and excitement on the chat board over the years. That added fun and occasionally useful perspective.

    Good luck to everyone!


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