Someone should have reminded Steven that it's the people that, in hindsight, wouldn't change a thing that make the most successful CEOs.
That too would move him!
Based on everyone's write-ups, I don't really get such a great feeling about an annual event that usually has a WOW factor to it.
First - no revenue guidance
Second - no confirmation or substantiation of current or future shipments with Wave bundled inside.
Third - Still talking about how much Wave spends, and how much they have left, instead of talking about how much they're making, or will make. -- very bad sign for another dry year.
fourth - Too many partially answered questions. I'm sure Steven understood them. So why all of the secrecy still? We're shareholders (owners).
fifth - talk of who we should have hitched our wagon to, instead of talking about the values gained from who we did hitch our wagon to. Does that mean we hitched to the wrong partners, or that this path is just taking longer?
sixth - Still don't see any purchases of TPM PCs in mass by any major fortune 100 companies. Education is a two-year activity in IT.
seventh - Board seems to be static, instead of dynamic --- and nothing's being done about it. ---- Not good!
eighth - Did I say no mention of revenue predictability still? Trust me everyone -- Shipments and guidance could be given by now based on last year's SHM if there was movement to the degree that Steven felt there would be this time last year. This is a fact you should not overlook, and should be mad as he_ll about. If we're doing up the 4th QTR of 04 the way it's been implied, then I see zero reason not to be optimistic about that, and to be saying every other sentence, that what I said last year is on, or above target. Not point to someone else's prediction. That's BS for any CEO to try to sneak by with, and you know it Steven. Give us Wave numbers against what you announced previously. Be a man.
ninth - implications are that stock is simply not performing as we all expected it to for the past 6-years, and that it probably won't for the next 6-years either. Few to no splits. Slow rise to around $40 over several year period from now. Again, I say BS. All of you evangelists of Wave, and bean-counter wanna-be's know that if Wave were on target for shipping TPM volumes, and the revenue model of $20 per PC still looked plausable to Wave --- the math does not come out to $40 / shr. with no splits. ----- fart &^%* sorry! Now we're hearing undertones of competition gains, which means declining price-points. Did anyone ever think that the big-boys didn't know this would happen all along? Wave has made some major errors in judgement, it appears. Not just, 'Would I change some things'. The realities of the business world are now slapping many of you in the face like Cher, saying "Snap out of it!"
And finally - I am shocked, yes literally shocked, that any of you who've invested your money in this company would care that Steven was moved by the 'effective CEO' question. The question and emotions should have affected his bladder, not his tear ducts. I applaud with all my gratitude to the person (I think CM) who actually asked this question. I wish we'd all done more of it, sooner. Face it everyone - no CEO can have secretly been holding orders and creating revenue producing alliances for as long as we've been hoping they had been. Stealth doesn't work for that long.
We've been had, and we're still being had. Whether it be by a CEO with good vision and poor negotiating skills, or by a CEO who's made a lot of mistakes, and should be removed immediately, the outcome is still the same in business. Either you produce, or you get out! It's a cruel message --- but it's one that every other non-producing CEO hears too! I'm not singling Steven out here either. This is the rule, not the exception to the rule. So please, don't you single him out either.
Happy investing everyone!
Tampa123
AI
