Greetings gents - my apologies if we have any females in the ranks, but I was under the impression not. At any rate and as you know, I rarely post or stop by. But lately my blood has started to simmer again, as it does whenever we get close to another milestone. April will mark the nine year Aniv. since we woke up to a major accounting event of a criminal nature - that is right, Lou, you are a criminal irrespective of "getting off".
Yet, here we all are - although some have moved on - waiting for Lou's second in command to right the ship, that seems to be forever adrift in a sea of red ink, and stale "chips" with no relevance - or customers to speak of - as evidenced by sales, or a lack there of. All this while the chip sector is currently experiencing its best run since the tech bubble days over a decade ago.
For those that have been here since the start and remember one of our founding members, Colin, you should all go back and re-read his open letter to the douche bag that is still at the helm of this smoldering turd called VTSS, that closed today .19 cents. Colin wrote that letter 6 year ago, and since that nothing much has changed, except we now have a new buzz phrase to hang our hopes on called the IoT.
CRG will continue to milk this phrase - and the company coffers - until the cows come home, all the while offering up yet some new excuse on why VTSS has failed to gain any traction or sales, let alone earnings, as the "CEO" - for 9 fucking years - of this company.
Insanity: doing the same thing over and over again and expecting different results .... Albert Einstein
Out.
G
Posted by G - 11 years ago
It is amazing CRG is still around after all these years after such an abysmal track record. Yes, he will hang his hat on the latest acronym (IOT) and I guess now IIOT and talk at the macro level on how much potential business there is in this world.
This is not a stock for anyone with high blood pressure or expectations of instant gratification- maybe another 9 years will do it.
Posted by Techinvestor - 11 years ago
Bash brothers unite!
Aren't anniversaries usually celebrated in 5,10,15,, years??
"It is amazing CRG is still around after all these years after such an abysmal track record."
G/Tech, lets say either of you became our Crg 9 years ago and were handed the following situation,
1: huge citation
2: exodus of customers and those who couldn't flush us from their systems turned to competitors for subsequent generation of products(mindspeed, amcc etc).
I could present more situations but I trust you can fill the blanks.
What would you have done better, how would you have brought us to profitability in less than the 10 years its going to take CRG?
Eagerly await responses,
Thanks,
Posted by GARIF - 11 years ago
RESIGN or fall on your sword like the honorable do in Japan when something doesn't work after how many years of doing the same thing!!!!
CRG had plenty of opportunities to do something different for the stockholders of this company, but instead decide to look after his best interests and those of the BOD. If CRG had any conviction in what he is doing, he would be buying shares in the open market; when was the last time he did that? Instead, all he does is sell his free shares on a regular basis.
If you want to see what can happen when two left for dead chip companies finally get their acts together and merge, look no further then at TQNT + RFMD = QRVO. Granted, they did not have a major book-cooking event to deal with, but this shows you what can happen
Posted by G - 11 years ago
G, this is a critique with merit. Consider the time value of money and lost value over the past decade. VTSS only makes sense if you discount all the sunk costs. It makes sense to BM because he is a recent owner buying in at a steep discount to VTSS traditional valuation. But we will never see a return to dot-com valuations. It is what it is.
Posted by phobos - 11 years ago
G, thanks for having the decency to respond! due to time constraint I will elaborate at a later time.
thanks again,
Posted by GARIF - 11 years ago
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