nynewbie,
I will respectively disagree with you on some of your points.
1)From a technology standpoint, they needed FICAM approval and they got it. That was by the new CEO. The return rate used to be at 30%, now at less than 5%. That is on the new CEO. A 30% return rate says bad things about quality control and may impact repeat business. It definitely impacts margins. They have made adjustments to their product lineup to better suit the customers. I think this is on the new CEO as well.
2)I think this is the main reason for the "coup" although I haven't heard anyone say it directly. I will bet that the reason for the change at the top is that the board saw the business not growing again even though it had been promised in the past. The fact that revenues are growing again, in my opinion, is on the new CEO. The new sales force is working on corporate sales and they hired a new person for the government business. I think this is a case of spending money to make money. This last part, we will see if it really pays off with some increased bottom line growth.
3)see my last point in response to point 2. I think needing FICAM approval helped push things back a quarter.
4)The proper IR program should be starting just when Viscount has something really good to crow about, some actual earnings. It sounds wise to make this hire when results are going to improve.
I don't look at the share price to tell me if someone is doing a good job or not. I think the old CEO, although he kept costs contained, in retrospect, hamstringed the company. I like what the new CEO is doing and I think it will eventually pay off with a higher share price. That is why I am staying around. I know that I could be wrong about this and as always, time will tell.
Good luck.
