jfburk: your mentioning of the house cleaning at GTEM reminds me of a post by vkoenig to crashtestsuperstar, last october (my bold):
Posted by: vkoenig In reply to: crashtestsuperstar who wrote msg# 44423 Date:10/6/2006 7:12:21 PM Post #of 83343
Crash: I'm not trying to create doom and gloom as you call it. I've worked at companies where worse things than that have happened. I recall a time where I saw top drawer Borg-Warner executives being led away in handcuffs - after trying to price fix Cycolac plastic (now commonly called ABS).
GTE is going to have to remove the deadwood now and streamline operations. That's all there is to it. They can no longer continue along the same old path. GTE now has to cull the herd, so to speak.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.