GREY:CKNBF - Post by User
Comment by
sablesavoyon Jun 28, 2008 9:20pm
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Post# 15241726
come on buys don't blame Sony or US
come on buys don't blame Sony or USgovernment. Are you guys in denial?
Certicom management, including the new CEO, appears to serve shareholder interests by perpetually "promising little and delivering less" as reflected in the decline in annual revs and stagnant recurring revs -except for the revenue wise modest recent IBM announcement.
The fact remains: Certicom has, for ever, lacked strong management to grow the business.. Just imagine the amazing competence of the board and management which took decades to realize customers want solutions rather than tool kits. Five years back I talked about the absence of compelling non discretionary ECC based applications. Strong managements go out and aggressively create markets for their technologies. These guys failed to even leverage NSA endorsement.
This company seems to either hire or assimilate newcomers into its culture and norm of mediocrity and under performance- when measured by revenues and growth.
As soon s their hype and non performance is exposed they latch on to new trite - reflected in vague slogans like " a new 3 year strategic plan". Yipee!!!! How many failed multi year plans have they had- can any one keep count. I think the evasive and deliberately vague noises the new CEO made about ultimate profitability says volumes about him. Hope the Board has started a preliminary search for his successor- Mike replaced by Cagey -doesn't sound like much of an improvement. He is starting to sound like 5 years of more of the same. Certicom shareholders are being reduced to hapless voters by their illustrious Board. Some times one wonders if these Directors ever do a self evaluation.If so, wonder what criteria they use for measuring their as well as management's competence??? Pathetic, every time they get an Analyst upgrade they swiftly move to prove them wrong.AIMHOO.