Thursday, September 20, 2001 3:56:22 PM
You are being too kind to SeaView management. Reading between the lines of yesterday's PR (a necessary procedure when analyzing any SEVU PR), it seems the company has changed its previous focus from retail sales of SecureView and underwater cameras to now trying to find industrial applications such as the parking lot security system. Optimists will argue that the retail and industrial divisions are both important and are being given equal attention by this "great management team." Realists, however, must ask if this is a signal that the retail effort has failed.
My guess is that Rich McBride (who remains in charge of this company despite his claims to the contrary) has a very short attention span, as do many entrepreneurs who are good at dreaming up products but lousy at running a business. That would certainly explain what appears to be a very wishy-washy business plan.
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