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Re: StockPick50 post# 25969

Tuesday, 10/16/2012 8:54:37 PM

Tuesday, October 16, 2012 8:54:37 PM

Post# of 52074
When is Ed going to take responsibility for these poor decisions? This is no longer about poor communications, or even the “inevitable” delays of bringing a product to market. This is about many major decisions in significant areas of the company that have proven to be bad by their own admittance. Not that he will ever admit it (it has always been someone else’s fault) ,but their own subsequent actions have shown they realize that these have been failed decisions

Funding:
Mammoth – Much ballyhooed, but obviously a mistake considering they are reluctant to use it and that they have been looking (unsuccessfully) for alternate sources

Sales/Distribution:
Original plan - Create partnerships all over the world. Now they are saying they will stick to North America

Manufacturing:
Went with troubled/In flux SMTC. After many delays now they are looking elsewhere.

It is called accountability – something he seems to be sadly lacking.

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