Good point. No major updates (still using out-of-date client-server technology) to their flagship (bill-paying) product during CEO Chardon's entire tenure.
Pretty obvious he had to go. Was in the position too long, and his "vision" became damaging. BOD took a long time to pull that trigger.
It is interesting that it is taking so long to find someone who will take the CEO job now that 95% of the "buy-able" competition has been bought, the new products are still poorly integrated and the primary product line is stale (5 or 6 years on RE).
... how long before SalesForce steps in ... ?
Tough job for the new person ... and most of the upper upper management team is new (especially to fundraising) ... we'll see.
Good news indeed!
ESPH hasn't had GOOD volume since the PR on the oil spill cleanup a few years ago.
Ho Humm - still holding ...
Maybe my grand children will be able to use this for their retirement? Our prez would rather push Al Gore's Global Warming agenda than pursue real solutions like NG ... 4 more years of knuckle-headedness ...
Right - the Ms aren't even looking at this thing - will take years to advance, but it will.
Low volume profit taking before MLK day ... don't get excited.
CEO has a history of being the hatchet man ... making up in costs what is lost in sales (blaming "execution issues" and "sales-force disruptions"?). Don't see any history of creating new products in that past either - just acquire/manage/cut. He's been there a while ... maybe he'll be the next "dead wood" the Board discovers?
Looks good so far, but I'm long term holder. Love to see the steady improvement. Solid company.
Sentiment: Strong Buy
Blackbaud, Inc. : Reschedules Date of 10/30/12 Third Quarter 2012 Financial Results Release, Conference Call and Webcast Due to Severe Weather Conditions ...
... and the fact that their Boston data center is experiencing network outages TODAY (10/30/12) related to the NY/NJ power outages - ouch - pretty embarrassing stuff.
Might use Convio ... but oops .... BLKB bought them and dropping their software (in spite of user petitions not to). What choice do I have?
'Blackbaud, Inc., (NASDAQ: BLKB), the leading global provider of software and services designed for nonprofits, has been named one of the Best Places to Work in South Carolina for a third consecutive year.'
Business Wire 10/05/12 - 11:01 AM EDT
'“South Carolina is home to some of the best places to work in the nation. Congratulations to Blackbaud, an innovative company that is setting the example as a superb organization for our state’s workforce to prosper,” said Otis Rawl, president and chief executive officer of the South Carolina Chamber of Commerce. '
Wonder how a company with 30% annual turnover (including executives) happens to vote itself so high in employee surveys with the SC Chamber of Commerce?
Ahh - it turns out Yahoo! DOES allow for carriage-returns and hence, paragraphs. Their Preview doesn't show them however - because their 2nd rate programmers didn't try it and notice it isn't WYSIWYG.
Why do I have to keep picking my identity EVERY time I post? Very stone-age. Should I pick JoeyBag?
Ignorant Exploder(IE) is a POS. I only use it when some midless Microsoft drone programmer built a page that I need that only works on IE. Its slow, prehistoric, and focused only n MicroSoft technologies, not open, standards-compliant technologies like Firefox. 2nd is Chrome, but I don't care for Google's tampering with searches and obfuscating referrer URL results, so I don;t use it much anymore. 3rd is Safari, and distance 10th or lower is IE.
[new paragraph - can you believe Yahoo doesn't allow paragraphs]
Yahoo's efforts to kill their product have culminated in an even worse rendition of their message boards which is very inconsistent and has exposed my personal information more than once, so I don't use Yahoo! MBs as much any more.
Good luck to all on ESPH - still holding - guess I'll get rich or have a nice tax write-off. Nothing like even-promising and even-delivering to keep a stock dead, huh? ESPH always meets its objectives, but never beats - its just dull, and investors have lost interest. Look at Cisco - they buy up companies with great technologies - integrate them in - under-promise on the Q and then over-deliver. Its like clock-work. We know their game, yet they win. There is a lesson there. ESPH has been hurt by lack of marketing and lack of creative forecasting. They (I used to say "we", but I'm just a shareholder with no influence) continue to deliver precisely what they said they'd do. Even my wife gets tired of that ...
Nothing wrong with the company - executing as planned.
Stock is small cap and no breakout news, so what do you expect?
You might want to go buy some AAPL Puts ...