I have no idea about strategy but Clemmer and Underlings are having a dog and pony show in New York City on September 11 to reassure their backers (brilliant planning as usual to pick that date in that city). All those investors will just love their commutes that day. But they have to do something because this stock is still getting dumped as the institutional investors take their losses. Another one dumped $40 Million at 10:45 this morning.
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If the board of directors has any spine they should fire Clemmer and bring in new blood and shake up the company or find another buyer. I think Intel or Broadcom will be very interested.
Every BU GM is going to get asked the same question and give the same reply. Why don't they just post all the investors a memo that says "the market is not so good, it might be better next year", followed by "Trump and the Chinese, Trump and the Chinese, its not our fault". Exactly what more they can tell them is anyone's guess. I suppose if they said we are having a cost reduction drive that will save $500Million, or here is a check for your part of the $5billion buyback that might satisfy some of them. There are not too many scenario's that do not waste everyone's time.
.... have to do something... = cut costs, slash and burn, short term thinking... God help you s---ers who are still working for these incompetent mo--ns....
I hope they broadcast it on the web. Analysts have predicted the revenue growth dropping into negative digits for the rest of the year.
What is he going to say when asked where is the 5G revenue, where is Auto revenue growth. I think this might be the last roll of the dice for this management team if they don't get a stock boosts soon. It's a hard for them when the analysts don't believe them.