So the stock is (almost) back in double figures. And we managed to pass a text message over the decrepit ISAT L-band network in (wait for it) Saudi Arabia. Yay. Meanwhile, one of our heroic L3s gets spotted on a VRP leavers night out in Europe... — read more
A job's a job
I don’t love this place, and most days I want out, but to be honest, I’m just grateful to have a job. A friend, really qualified, is still struggling to find something after being let go months ago. It makes me think twice about leaving. — read more
Emirates Internet
Recent post on LinkedIn https://www.linkedin.com/posts/activity-7263151005846966272-5v9J?utm_source=share&utm_medium=member_ios And the answer is - The internet on an Emirates A380 was provided by SITA (a former service partner of Inmarsat)... — read more
The most rehearsed all-hands webinar ever
This format of all-hands seems really weird. The back-and forth questions is obviously very rehearsed and I get it - they’re doing damage control and trying to control the narrative. But talk about cringe.
Another analyst downgrade
Barclays analyst Mathieu Robilliard maintains Viasat with a Equal-Weight and lowers the price target from $24 to $9.
Dear Ownwers and Board
Our Company has lost 20% of its value in a week. When do you call time on this dreadful Executive Leadership Team?
Cove Street Capital Says Defense Business Worth $25 Per Share
In their end of June/early July shareholder letter, Cove Street Capital said "The defense business is arguably worth 2x the current market cap." That would put his value of the defense business at ~$25 per share or $3.2 billion. Sell it and take the... — read more
It’s not the execs, is the self proclaimed “experts”
In my long tenure here at Vias@at, I’ve come across so many of those that its unbelievable how deluded employees here are! Don’t just blame everything on execs, look at yourself. My team of 7 has at-least 4 of those, how is that even possible? Start... — read more
A hero comes (again)
So, Cr@ig M@ller will be participating in the Deutsche Bank Global Space Summit in New York, Wednesday November 20. Great. What will he say? Some miracle cure speech to reassure sceptical analysts? Let’s get him out on the road to speak to Delta... — read more
August 2002 Calling
Welcome back to a stock price of sub 8 bucks Let me introduce my friend April 1999. Nice job, everyone
It’s like the company doesn’t offer any 401(k) matching
That’s how bad the stock is.
Who's the bigger fish to fry?
Gogo's CEO 3 years ago said “Elon’s got much bigger markets to worry about than our market. Our industry is about $500 million total today, we think it’s going to grow to about a billion dollars by the end of 2025. That’s peanuts compared to the... — read more
Three managers in six months
What the he-l is going on with this place?
Emergency Board Meeting last night
Emergency Board Meeting last night. No all hands post Earnings call and stock slide. Shows where our Owners and Leaders heads are at - talking only to themselves. Shame !
$7.96 now
We employees are shareholders. We should file a shareholder lawsuit against the company. Our retirement has gone down the drain.
Trump selects Elon Musk to lead government efficiency department
Scary move for Viasat government and defense business. Let’s see what Elons new department does with our offers and renewals.
Remember when Viasat execs were making fun of Gogo?
Gogo is almost about to surpass Viasat.
Professional shorts are shorting Viasat stock
https://www.benzinga.com/news/24/11/41784498/dead-company-walking-short-seller-sets-sights-on-viasat-expects-elon-musks-starlink-to-take-share-af
Anyone else feel d-mb, discouraged, or embarrassed working here?
How is lower management handling things? Nothing adds up about this place and the demoralizing interactions are truly bizarre.
Analysts are downgrading Viasat
Deutsche Bank adjusts ViaSat price target to $13 from $18, maintains hold rating. I will tell you that analysts very rarely issue a "sell" rating. They either say "buy" or "hold". Hold is the same as sell. Very bad news for Viasat.
Rumors on rehire ineligibility
I heard some rumors that those who took part in the VRP are considered ineligible for rehire. Any truth in this ?
Prediction on a good old MD’s monologue to please the masses
It will cover the following key points: ) An elaboration on our exceptional intellectual capabilities and the extensive data we possess regarding demand, emphasizing the d-mbness of customers who opt for Starlink. ) A detailed explanation of... — read more
Start looking for a new job!
Don’t wait until it’s too late and you’ve already been laid off. It’s ten times easier to find a new job when you’re not stressing over being unemployed. Do yourself a favor and don’t wait to find out the difference. Plus, we all know this place has... — read more
Hope be with everyone.
Whomever gets to be affected in this round, I hope they find good jobs soon. Tech job market is not great these days. I hope being persistent will pay off at some point.
Crickets
Shouldn’t they have at least scheduled an all hands to discuss earnings by now? Maybe they are too busy planning the next riff or selling off part of or the entire company.
Elon has already beaten Mark
Nothing left but guiding ViaSat to it's ultimate crash site. But Mark couldn't do it alone, he had help along the way from a lackluster exec and upper management team incapable of the disruptive and innovative ideas they claim on their motivational... — read more
11/21/2024
Save the date.
The market didn’t like the Earnings show
Here’s what I heard: *VSAT just invented “Monetization” to save us. So we have to believe an Amazon or a Starlink wouldn't be good at that, would they? *New CFO says that VSAT will delay “projects not essential for customers”. Like, we have so many... — read more
How long until $5/share?
My guess is $7 by eoy, and $5 sometime in first half of next year
I really don't like how Viasat handles talent mobility, promotion and etc.
This is 100% on pathetic PNC And since hiring / promotion process is not fair anyway, F it, let managers pick whoever they want, at least it's not wasting other people's time! It really is all about who you know, not what you bring to the table... — read more
November 6th is the day
And no I’m not talking about the election results. If you thought we’ve had layoffs before, from tomorrow onwards it’s going to be really, REALLY ugly.
Can Viasat get everyone engaged and believing?
I left Viasat prior to Guru’s hiring and went to lunch with a bunch of former colleagues that stayed behind. I was astonished that all of there motivation and drive has deteriorated much more. The vitriol they spewed on how Guru and MD have deceived... — read more
3 years ago today
On my own, I punched out three years ago today. So glad I did. I’m sure it added years to my shelf life and time to spend with my kids. If I can offer you any advice at all. There is life after Viasat, take the Lump Sum, manage your own portfolio and... — read more
Hoping to get the axe before the end of the year.
They have somehow been managing to overlook me. I just want to take my severance and be gone.
Job advertisements on LinkedIn
Viasat sure has a bunch of jobs posted on LinkedIn. Seems kind of sh---y to have people waste their time pursuing them.
When faced with this stage of the declining businesses (res, av, maritime) that may be holding back one or two performing businesses (gov)….
Companies will spin out all the cr-ppy businesses into an independent HoldCo that lives separately. Think back when Qualcomm spun all their spectrum assets into a separate company (read as all the spectrum debt magically left their books). Or... — read more
Here is what they pay Guru $20 million to come up with and the future
They need to raise cash to pay down debt and make their next move/pivot. They will look to do "non-core asset monetizations". In other words, sell off parts of their defense business. They need to launch F2 and F3 Successfully. This will allow them... — read more
Your job is not your life It is just a job
Your company is not your family. Companies exist primarily for profit and are not responsible for your personal well being. Your colleagues are not your friends. Keep in mind people have their own interests and motivations. If something bad happens... — read more
Who are all of these trolls?
There’s just far too many of them who come here to defend the indefensible. Either Guru & MD are truly is paying these people to defend him, or we have a lot a holes with nothing better to do.