re: Tellium Finds Some RevenueBut then you are implying that they must act in like with their fudiciary responsibilities of just shutting down the dying piece of crap. The other option would be to line your own pockets with shareholder money. I wonder which option I would choose if I could get away with it. =)
re: Tellium Finds Some RevenueI hear that Tellium management is busy paying themselves huge bonuses (and the employees somewhat smaller ones) while steadily burning through their cash with no light in sight at the end of this really dark tunnel.
My feeling is that Carr & co. have given up on turning the company around (if they ever thought it possible) and are trying to make the most of the situation till the company is dead.
The best thing that could happen to shareholders would be to liquidate the company and disburse the remaining cash but of course its in Carr's interest to prevent that and instead milk the company for all its worth.
re: Tellium Finds Some RevenueHoly moly, will Carr ever give it a break? Turning what corner? The corner right before the edge of the cliff? This guy kills me. Two years ago he swore by his 270 million 2002 year. This year he's trying to tell us about how they are turning the corner. All the while, their only paying customer is about to end their relationship. And 360 networks won't need more long haul. The best telm could hope for from those guys is a service contract. Big deal. That won't feed the fat cats at telm.
By the way, anyone notice the pop in price a day or so ahead of earnings? I'll bet that was an insider ploy trying to sucker in some stupid buyers. Wow, are these guys stuck in the bubble era or what????!!!!!! Wake up boys, the real world has come back. The days of free lunches are over. Time to work for your money again.
re: Tellium Finds Some RevenueThx. Figures. Rich people keep getting richer while everyone else gets laid off. F-U Carr!!! I hope you get yours some day.
re: Tellium Finds Some RevenueOptica Core Switches are not much in demand in the long haul and ultra long haul optical networks. This situation was known to Tellium for the last two years. But the comany did not do anythig worthwhile to improve its situatiom. The company stayed in the news for one reason or the other.
The company must follow the example of CoSine Communications to dispose off its assets.
My feeling is that Carr & co. have given up on turning the company around (if they ever thought it possible) and are trying to make the most of the situation till the company is dead.
The best thing that could happen to shareholders would be to liquidate the company and disburse the remaining cash but of course its in Carr's interest to prevent that and instead milk the company for all its worth.
By the way, anyone notice the pop in price a day or so ahead of earnings? I'll bet that was an insider ploy trying to sucker in some stupid buyers. Wow, are these guys stuck in the bubble era or what????!!!!!! Wake up boys, the real world has come back. The days of free lunches are over. Time to work for your money again.
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Yeah, keep giving yourself bonuses 'til the cash runs out, then walk away.....
http://www.app.com/app2001/sto...
The company must follow the example of CoSine Communications to dispose off its assets.