SOYO Group Inc (SOYO)

[CPTMatt]

It's a sad thing but it doesn't look good for SOYO. I was moderately optomistic back in early 2007 but things just aren't going well at all.

The margins were always razor thin. The Honeywell brand TV's were a good try but with the fierce competition out there it just didn't happen.

There was quite a bit of irrational exuberance on the board. I tried to moderate it as best as I could with rational thought, but people will do what they will do.

One would think that after someone who sat in the same room as the CEO of Honeywell and reported here that he said he will absolutely not move into consumer electronics biz that folks on the board wouldn't buy into the hype of a buyout by Honeywell. That's just an example but it did happen.