Thursday, March 08, 2001 9:47:49 AM
At any rate, the profile needs to be updated to be relevant to what ATEL is actually doing right now. I've been gone for a month, during which time a lot has occurred. My guess from second hand sources is that the BOD felt that capitalizing on their Shanghai and China connections to grow the company was a better first move than acquisitions(Wells and STS) and giving over more control than they wanted to (the Qualcommtel deal), so they scaled back on those plans, doing a JV and credit line (gain just a second hand guess), for the time being.
Liang taking full control of the situation is going to be the best scenario for ATEL in the mid to long run, but I think it will be rocky for a bit.
I'd lay the excesses at Boecklers feet, as whatever Markow said was coming from Boeckler. What should my attitude toward, and expectations to, the information about the future of AccessTel be? I think we have to say "show me" and see what they can do in Shaghai first, and if that is a success, then they build on it.
Obviously, they got the financing to take their first step, and I think Liangs position was that he wasn't going to just give away half of the control of ATEL just because it was in the infancy stage, so we let them have the time to see if Shanghai suceeeds, and if it does, they are in a stronger position for Acq's and JV's.
imo
imho, Jerome
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