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Formula Systems (1985) (FORTY) Message Board

fujigrower 7 posts  |  Last Activity: Aug 14, 2015 10:43 AM Member since: Jul 11, 1998
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  • As an intelligent, thoughtful and competent CEO, Jerry Chase just delivered another solid quarter of earnings growth, positive cash flow and GAAP profitability for BSquare. Shares are up roughly 150% from when he took the helm as CEO 24 months ago. Roughly 250,000 shares have traded so far this morning.

    Mistakes, and Bernhard's $5 million "scorched earth" internal investigation to oust Jerry Chase was a massively destructive mistake for Lantronix, happen in business. What is inexcusable, however, is repeating them.

    Bernhard was right about one thing. In hiring Kurt Bush he brought in an intelligent, thoughtful and competent CEO. Kurt parachuted into Bernhard's still smoldering LTRX train wreck and started rebuilding... piece-by-piece.

    Any investor or majority shareholder who thinks bringing in a new CEO will solve Lantronix's challenges will be repeating their previous error. The core problem is Lantronix is simply too small to remain a publicly traded company. Find the right acquirer. Sell it.

    Good luck to everyone.

    Fujigrower

  • fujigrower by fujigrower Aug 13, 2015 6:09 PM Flag

    Another solid turnaround step for Jerry Chase and the BSQR team. Paso a paso. Nicely done.

  • fujigrower by fujigrower Jul 20, 2015 6:18 PM Flag

    Between accretive acquisitions, ramping its sales team, new product releases and new customer wins, Attunity delivered remarkable operational progress throughout 2014 and 2015.

    After posting "wow" YOY revenue growth in Q1, we'll find out on Thursday if they can do it again in Q2. Based on today's strong volume and record high share price some investors are betting the answer is, "Yes."

    In our new digitally connected world, faster speed is huge competitive advantage. If Attunity emerges as the market leading vendor for enhancing big data transfer speeds, their long term market opportunity is exciting.

    Good luck to everyone.

    Fujigrower

  • Reply to

    Bsqr more than doubles in a month

    by activeaction Jun 12, 2015 11:03 PM
    fujigrower fujigrower Jun 15, 2015 6:37 PM Flag

    BSQR shares are up roughly 175% since Jerry Chase took the helm 18 months ago. He is a competent, experienced business leader. So is Kurt Bush.

    In his boneheaded crusade to toss Jerry Bernhard destroyed over half of LTRX shareholder equity. Oops. His core mistake was the belief a CEO change would solve the company's revenue growth challenges. Oops.

    Outside Lantronix shareholders can only hope he doesn't repeat the same error with Kurt.

    Fujigrower

  • Reply to

    Our JetBlue Nightmare....

    by fujigrower Jun 12, 2015 12:04 AM
    fujigrower fujigrower Jun 12, 2015 11:33 PM Flag

    You are correct that I didn't see it happen. We checked the suitcase with JetBlue in Boston. Perhaps it was another airline's vehicle that ran over it. The point is, the customer service experience trying to resolve this has been a pure nightmare.

  • fujigrower by fujigrower Jun 12, 2015 12:04 AM Flag

    Last Saturday my wife, son and I flew JetBlue non-stop from Boston to Seattle. When we arrived in Seattle, a JetBlue luggage handling vehicle ran over the top of my wife's suitcase and literally destroyed it. What was left was a shredded mass of ripped nylon and wire... with much of the contents crushed and/or destroyed.

    The customer service trying to get one dime of compensation for the damage has been a pure nightmare. In JetBlue's world running over your suitcase apparently doesn't matter. No one seems to give a damn.

    Inflexible, boneheaded customer service eventually catches up with any organization. Hopefully the rest of the JetBlue organization cares more than this.

    Doug Pauly
    Wenatchee

  • fujigrower by fujigrower Jun 3, 2015 8:52 PM Flag

    Sofala,

    Thanks for the heads up on two more BSQR job postings in Fort Lauderdale. Dania Beach, where Google's Magic Leap team is located, is adjacent to Fort Lauderdale. Google recently invested over $500 million in the Magic Leap initiative.

    "Land and expand" is the cornerstone of BSQR's strategy for returning engineering services margins to solid profitability. If you could pick one company in the world where you want to expand, it would be Google. Every next generation device Google is currently developing, and there are undboutedly a bunch, is of limited value unless it connects reliably, successfully and seamlessly with the rest of the digital world. Thus an experienced engineering services partner like BSquare can be invaluable... if they execute.

    BSquare's ES success going forward, in my opinion, has nothing to do with marketing. It has everything to do with delivering consistently. Do that consistently with Google and there won't be any need to advertise. New customers will be knocking at the door.

    Good luck to everyone.

    Fujigrower

FORTY
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