BBOX stock closed at $1.95 yesterday and was in the $1.80 range before it 'rallied'. They are sitting on the porcelain rim dangling their toes in the water.
I put in 30+ and got the RIF – and because I was in a union got a decent payout.
This company didn’t fail because it lacked talent in general or that the technology in the marketplace changed - it lacked talent in management. Rather than take advantage of the vast technical and operational experience, as well as the customer base it already had in hand they decided to take a series of babble-talk initiatives that ultimately led to this. Remote control project management by inexperienced people. Bad idea after bad idea implemented by say nothing, do nothing, legacy pot-stirrers who hunkered down and fiddled with email while people’s livelihoods went down the drain, And I see that they are still spinning Office Space drivel to account for it.
It was fun while it lasted but is in the p--per now.