FTE Networks Inc (fka FTNW)

[Ed Ajootian]

The only way that would happen would be if they were illogical and if you are worried about management doing illogical things then you should look elsewhere. They already have a huge backlog and don't need any new business so its very unlikely that they would be bidding under cost to get new business at this point.

Some folks here have been complaining about the crappy earnings for 2Q but we need to remember that those earnings are expressed on a GAAP basis. GAAP is generally a pretty good measure of a company's performance but unfortunately in connection with purchase accounting, GAAP ends up providing P&Ls that are basically worthless and that need to be adjusted in order to get to a better measure of how much money a company made or lost in a period.

Its great to see the company presenting at investment conferences again such as Rodman & Renshaw, and providing a kick-ass presentation for that. We need some new blood in this stock, the current guys are just trading it between ourselves.