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Vitesse CEO Chris Gardner to Ring NASDAQ Closing Bell

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Vitesse will be in New York City, at the NASDAQ Marketsite where Vitesse CEO Chris Gardner will preside over the NASDAQ closing Bell. Occuring on April 4, 2011. At 3:50-4PM ET

All I can say is HOLY SHI*!

I have a feeling that he will be doing an interview after closing the bell?

Posted by christ3opher - 14 years ago | Updated 14 years ago

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WTF!!!!!

Why is the question? Why was this turd of a company (and CEO) selected . . . makes no sense to me at all. This thing has been the poster child of what NASDAQ should not parade out to the public.

And the stock goes lower.

Posted by G - 14 years ago

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Hi G,

I doubt we will be seeing any significant move up in shareprice until we see a move up in revenue.
3 and 4 quarter should be a start with more to come in 2012+, as is projected.

Posted by christ3opher - 14 years ago

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Revenue is coming as the margin enhancing Crosspoint Switches are starting to line our pockets! just hope our boys don't personalize that "LINING"

Posted by GARIF - 14 years ago

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Could someone explain the benefits of such appearance, could it enhance the companies standing with the investment community, could it do something to help CRG's Credibility???

Posted by GARIF - 14 years ago

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Any idiot knows the answer to that - he is taking his babe to a show! It is amazing what you can buy with a dime - as long as it is someone else's dime.

Satbob

Posted by Satbob - 14 years ago

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VTSS just got "relisted" but was actually a "new Listing." This has nothing to do with enhancing the image of VTSS. It has everyting to do with NASDAQ trying to keep their customers happy. I am hoping VTSS is not footing the bill for any of this, airplane hotel etc.

The quarter closes today. Now we wait 40-45 days to see the bad numbers. But do we get our every 90 run up in the stock before they come?

Posted by dlog - 14 years ago | Updated 14 years ago

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Thanks for posting Christopher.....

Given past history here, I think the important questions are as follows:

1) can CRG push back the date if he isn't ready to ring that bell?**

2) how many chances does he get?

3) if he misses, can he blame previous management?

** God save the child that rings that bell.
It may have one good ring baby, you can't tell.
One watch by night, one watch by day.
If you get confused, listen to the music play.

Just like the Bible, there is a Grateful Dead lyric for every occasion.

Posted by altrfan - 14 years ago | Updated 14 years ago

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Great stuff Altrfan. Beautifully done. You left a few out, not that we are lacking for any material.

4) Can he first comment on how clear the bell is going to sound when he does ring it 6-9 months from now and how much progress he has made in preparation to ring the bell.

5) If he does miss, will the BOD award stock options for his mighty try.

6) and on and on.

Posted by dlog - 14 years ago

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CRG is 8-12 weeks from ringing the bell.

Posted by LMS - 14 years ago

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Speaking of CRG, we probably are seeing a new investment term emerge now that VTSS is relisted - the "CRG Discount". That discount currently stands at approx 50% and represents the difference between the economic value of the company as a profitable, on-going concern with great margins and almost no debt trading on a major exchange, vis-a-vis its peers in the market, and the price it will continue to trade at so long as CRG is CEO of the company. Relisting should have had a major positive impact, but volumes are WAY down, along with the price. Nobody wants this company even though by any standard it is CHEAP. But to any potential buyer the company comes with one HUGE liability, like a toxic waste site on the premises - CRG.

Posted by LMS - 14 years ago

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I got an email today from Christ3opher, suggesting that as he did, I might want to sent an email to

Alexandra.Honeysett@nasdaqomx.com

at the NASDAQ letting her know my thoughts about them selecting VTSS/CRG to ring the opening bell. My email is below.
You may also want to do the same; not that it will do much good.

G

******************************************************************

Dear Ms. Honeysett,

I am, unfortunately by my own stupidity I may add, a long-time VTSS "shareholder". I saw on the wire service last week that Chris Gardner, CEO of VTSS, will be ringing the closing bell on Monday, the 4th.

Not that what I think really matters in the grand scheme of things, but given past management's history of corruption, incompetence, and a complete disdain for the rank-and-file shareholders of the company, and present management's continuation of its incompetence and disdain for its shareholders, I have trouble understanding why NASDAQ would select VTSS & Mr. Gardner for the honor of this occasion?

Did NASDAQ not take all of this into consideration when reviewing the history of this company since the de-listing in April of 2006, and all of the circumstances that lead up to that event by past management, and what transpired after under current management?

I was under the impression that ringing of the opening (and closing) bells was an event of honor reserved for those companies that earned it. So it really baffles my mind as to why VTSS was selected for this event, and I was wondering if you would be kind enough to shed some light on the matter. I certainly would understand if you choose not to though.

Kind regards,

Posted by G - 14 years ago

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Friends,

Perhaps NASDAQ is rewarding the company because of the ill doings of previous management. For Crg to keep this outfit away from bankruptcy took a Houdini...

Perhaps NAS is rewarding an old American strength! the ability for a man/woman to find a way out, AMERICAN INGENUITY i believe it was called.

Sadly i do agree that the corporate mind set, in fact the societal mind set of ME! ME! ME is alive and well...

"Not that what i think really matters in the grand scheme of things"

CRG congrats on the bell!!!!

Peace

Posted by GARIF - 14 years ago

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The exchange is only concerned with fees. They could care less if a CEO drastically dilutes shareholders' equity.

Wonder if CRG will be wearing his V-Scope belt buckle for the big occassion? Will he need legal advice to properly perform this important function? Should he have "counsel" close at hand?

What show do you think he got to see? That would all be expensed under "T & A", right? (Travel & Advertising or Promotion, what were you thinking?)

Tune in for "The Big Close"! You can even select a photo of the momentous occasion.

Par

Posted by par4corsfl - 14 years ago

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Let us place some perspective on this whole thing. That fine institution which recently deemed to invite our honorable CEO to ding their bell, includes amongst its founders and for several years its chairman of the board, non other than the grandest scamster of all BERNIE MADOFF!!!!

Posted by Colin - 14 years ago

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ME, ME, ME! society...

Didn't Madoff assure us that our system is a PONZI SCHEME?

Posted by GARIF - 14 years ago

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Just watched, much ado about nothing, logo spinning in the background like our proverbial wheels.

There was a very exhuberant young lady to the left of the podium clapping vehemently. Could it be?

Par

Posted by par4corsfl - 14 years ago

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It's a move in the better direction! if someone had told us we be ringing the bell today 6 months ago, that person would have been emasculated by us all.

Par4, actually it's much a do about a lot!!
This helps our CREDIBILITY(Crg) which in turn helps make Perna's job a little easier which in turn will make me and you very happy; A little of the Butterfly effect thing...

Posted by GARIF - 14 years ago

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And Mr. Market has once again spoken loud and clear with a BIG, FAT, vote of NC on behalf of CRG!

A turd is a turd until it is a turd no longer! Not sure if this qualifies for a poem or not, but WTF it is mine and it is original.

Posted by G - 14 years ago

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While Mr. Madoff should be given his due, he is a Piker with a capital P compared to the folks, both elected or not, who have been looting the US treasury. Somebody gets to pay. Ho Ho Ho, this won't be pretty. Bummer for you younger folks. Studying up on the Amish lifestyle just may be a good career path.

But hey! Did ya see the new Vitesse PR today? Yeah baby! It's like radical* dude.....and unprecedented!

If it wasn't Vitesse, but a real company, like PMCS or MSPD....ha ha ha ha, Gardner should quit in shame at being B-slapped in market value by a firm like MSPD.....but anyway, this new V-Scope thingy upgrade looks like it could be somebody, a contender if you will. Consumer applications?? Ummm........drool.

But since it is Vitesse and V-Scope was 'revolutionary*' several years ago and as we can see by the massive rise in sales, share price and market cap due to it and other 'award winning technologies'.....well, I guess maybe not.

* this seems rather war like to me. Can't Vitesse just tone down the rhetoric? Act in a more peaceful manner?

anyhoo, my gentle soul is troubled by it all.

Posted by altrfan - 14 years ago | Updated 14 years ago

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